{"id":2839,"date":"2015-12-11T23:27:39","date_gmt":"2015-12-11T23:27:39","guid":{"rendered":"https:\/\/www.inmotionhosting.com\/blog\/?p=2839"},"modified":"2024-01-23T15:17:56","modified_gmt":"2024-01-23T20:17:56","slug":"what-makes-a-successful-entrepreneur","status":"publish","type":"post","link":"https:\/\/www.inmotionhosting.com\/blog\/what-makes-a-successful-entrepreneur\/","title":{"rendered":"What Makes a Successful Entrepreneur?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.inmotionhosting.com\/blog\/wp-content\/uploads\/2015\/11\/Article-Image.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2845 alignleft skip_lazy\" src=\"https:\/\/www.inmotionhosting.com\/blog\/wp-content\/uploads\/2015\/11\/Article-Image.png\" alt=\"Article Image\" width=\"270\" height=\"185\"><\/a>Entrepreneurship, despite the recovering economy, is a booming industry. Small businesses are, and continue to be, the backbone of the economy. With that, we wanted to give a shout out to all of our customers, friends, and family that are either thriving or aspiring to become entrepreneurs.<br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are currently an entrepreneur and want to share your success story with us, we would love to feature your business on our website!<\/span><!--more--><\/p>\n<p>Just Follow These 4 Steps:<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tell us about why you chose to became an entrepreneur<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How you overcame obstacles<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How you drive your business\u2019 success<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Email <strong><a href=\"mailto:spotlight@inmotion.net\">spotlight@inmotion.net<\/a><\/strong><\/span><b>&nbsp;<\/b><span style=\"font-weight: 400;\">with your story! <\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For those of you who are thinking of becoming entrepreneurs, let us first establish what it means to be an entrepreneur.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\"> An entrepreneur is someone who takes initiative, and makes a leap in organizing and operating a business. Anyone is capable of becoming an entrepreneur! When you come up with new ideas, think outside of the box, and act on these innovations ideas, you are taking the first steps to becoming an entrepreneur. <\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">&nbsp;However, there is a big difference between<\/span> <span style=\"font-weight: 400;\">wanting to become an entrepreneur, and succeeding as one. Let\u2019s take a look at what characteristics make a successful entrepreneur.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Support<\/strong>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A successful entrepreneur has a strong support network. No entrepreneur does it on their own. This begins with the very conception of entrepreneurship! You need to be able to sell your idea to your family and friends first. They have the ability to&nbsp;poke holes in your ideas, ask&nbsp;questions you might not&nbsp;have the answers to, or tell you&nbsp;that they&nbsp;don\u2019t have a clear idea of what it is your start-up business is trying to accomplish. After this initial pitch, &nbsp;you&#8217;ll&nbsp;know you have more groundwork to complete. If you can sell them on your business model then you are ready to take the next step in presenting to future investors, business partners, and banks for financing. <\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"text-decoration: underline;\"><span style=\"font-weight: 400;\">R<\/span><span style=\"font-weight: 400;\">ole Models &amp; Advice:<\/span><\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As part of an entrepreneur\u2019s support team, it is important have a role model who can act as a figure of influence and inspiration.<\/span> <span style=\"font-weight: 400;\">Don\u2019t go through the hardship of trying to \u2018reinvent the wheel\u2019 when you can ask questions and learn from others who have made a similar journey. Becoming a successful entrepreneur means understanding what has made previous entrepreneurs successful and adopting those tactics. &nbsp;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><b>Business Mindset<\/b>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> What makes or breaks a start-up company can sometimes be the lack of a business mindset. Many entrepreneurs create start-ups because they are unemployed. They have ideas, but don\u2019t have the motivation to keep it going. In order to be a successful entrepreneur you need to be driven and have the ability to think strategically and innovatively in order to move from a hobby to a business. Becoming a business owner requires you to stick to your vision and develop a strategy to acquire income and use this to grow your business. Document your processes, your milestones, and what you hope to achieve. Use this as a guide when you have questions on your innovative journey. That way, you will&nbsp;be&nbsp;equipped with the information to back up your statements.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><b><b>High Risk Assessment<\/b><\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">It is important to be able to understand risk and make educated, well informed decisions. <strong>As a start-up owner you need to be able to accept trials of uncertainty and be prepared for a multitude of outcomes.<\/strong> A general rule of thumb rings true in entrepreneurial circles: \u201cPlan for the best, Prepare for the worst!\u201d<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><b>Investment Capital<\/b>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> All businesses start with great expenditures. You must invest in your business in order for it to reach any potential in the market. Because of this, you need to make sure your company has the funds to outlive the beginning stages of business and either hit the&nbsp;threshold of breaking-even or gaining a positive net profit. The lack of money can prematurely close down a potentially successful business. For a savvy entrepreneur, make sure you plan out your expenses ahead of time and plan on having enough money to manage and run your company at a loss for the first few years. Spend wisely and carefully. Annotate how, with each expense, your company will grow and turn a profit.&nbsp;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2847 alignleft\" src=\"https:\/\/www.inmotionhosting.com\/blog\/wp-content\/uploads\/2015\/11\/Article-Image-2.png\" alt=\"Article Image 2\" width=\"270\" height=\"185\"><\/p>\n<p><span style=\"font-weight: 400;\">As a budding&nbsp;entrepreneur, sometimes a lot of what you are looking at is cost. &nbsp;Take advantage of FREE tools and resources to make your life easier. Below are 5 free tools and websites to help you start and manage your business.<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/workspace.google.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Google Workspace<\/a><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> Google provides free resources on a majority of their services including Google calendar, email, and contact directories; There are also file management, and marketing analytics data to be found in&nbsp;Google Analytics, and Google Drive.&nbsp; Access and share your files from anywhere using \u2018Google Docs.\u2019 Analyze your marketing strategy, and plan content with keyword research &nbsp;with data using Google Analytics. Advanced business services are available with a subscription to Google Workspace.<\/span><\/li>\n<\/ul>\n<ol start=\"2\">\n<li><span style=\"font-weight: 400;\"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/evernote.com\/?var=1\" target=\"_blank\" rel=\"noopener noreferrer\">Evernote<\/a><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Evernote acts as an electronic notebook that can be synced and accessed from any device. Take notes, share notes, organize, and present your data. Always &nbsp;keep your information available and accessible. <\/span><\/li>\n<\/ul>\n<ol start=\"3\">\n<li><span style=\"font-weight: 400;\"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.mint.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mint<\/a><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A simple application that can help you manage your finances in an organized and efficient manner. Categorize your recurring costs and calculate your monthly, quarterly, and annual spending. <\/span><\/li>\n<\/ul>\n<ol start=\"4\">\n<li><span style=\"font-weight: 400;\"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/startupstash.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Start Up Stash<\/a><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> This website can help you identify key stepping stones you will need as a start-up business. The website provides you with a &#8220;stash&#8221;&nbsp;of the industry leading resources to help you figure out your marketing, website, financial strategies and more!<\/span><\/li>\n<\/ul>\n<ol start=\"5\">\n<li><span style=\"font-weight: 400;\"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.codecademy.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Code academy<\/a><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> Learn how to code and build an online presence for your website. Take things into your own hands and learn what it takes to update, fix, and debug your website or application\u2019s code. This will help you with both the creation of your own website, as well as understanding the structure of websites that will influence marketing and competitor strategies.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Entrepreneurship, despite the recovering economy, is a booming industry. Small businesses are, and continue to be, the backbone of the economy. With that, we wanted to give a shout out to all of our customers, friends, and family that are either thriving or aspiring to become entrepreneurs. If you are currently an entrepreneur and want<a class=\"moretag\" href=\"https:\/\/www.inmotionhosting.com\/blog\/what-makes-a-successful-entrepreneur\/\"> Read More ><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[216],"tags":[],"class_list":["post-2839","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Makes a Successful Entrepreneur? | InMotion Hosting<\/title>\n<meta name=\"description\" content=\"Entrepreneurship, despite the recovering economy, is a booming industry. 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