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Secrets Of Successful Entrepreneurs

Are there certain insider secrets of successful entrepreneurs? Do they know something that you don’t know? Probably not. The biggest “secret” is that they have rituals and surround themselves with like-minded individuals. Here, though are some of the secrets I’ve gained during my years as a business coach and entrepreneur:

  1. Successful entrepreneurs know what motivates them to action. Whether it’s money, fame, or personal satisfaction they know what moves them and work toward achieving it.
  2. They follow their passion. If you’re an entrepreneur and aren’t passionate about what you do, why are you doing it?
  3. Minimize expenses and maximize profits. Simple math.
  4. They have built a tribe of like-minded entrepreneurs. They are building online communities. They network with others outside of their niche industry.
  5. They know they need to be promoting their goods and services. Even if they have a sales force, they — as the business owner — needs to be sharing that info and they need to be the company’s biggest brand ambassador.
  6. They have rituals and habits in place that help them work smarter, not harder. They are masters of their time and their tasks.
  7. They build flexibility into their day and into their business processes. Successful entrepreneurs know how to bend when things aren’t going quite as planned and stand tall when they are. Resiliency is key.
  8. They have a support team in place that can accommodate business growth.
  9. Beyond money, beyond “being their own boss” successful entrepreneurs take great satisfaction in what they do. Each and every day.

Of the items listed above, which of those secrets do you need to work on mastering? Which of the secrets do you already have in your arsenal? What secret could you offer to an entrepreneur who is just starting out? What did you learn while you were in the trenches — what do you do now that you wish you did when you started? I’d love to hear!