What You Need to Do to Become a Successful Entrepreneur

December 28, 2014 | By | 1 Reply More

One of the common questions I often hear is: “How can I become a successful entrepreneur?” This is a question that is not easy to answer and there is no magic pill that can transform you into becoming one. However, from looking at what worked for many of the people who have succeeded, three things stand out that results to success.

successful entrepreneur

If you want to become a successful entrepreneur, here are three things that you need to do:

1. Conquer Your Fears

Becoming a successful entrepreneur is a road full of challenges; it is but natural to be scared. Your failure could mean losing everything and letting yourself (and loved ones) down. For many, just the very idea that there is a strong chance to fail makes them quickly drop any dreams of becoming an entrepreneur. It is natural to be paralyzed with fear, and take the path of lesser risk.

But fear of failure is good. Embrace your fear; it will keep you on your feet! It will keep you awake at night, but will force you to reduce any mistakes and compel you to really think through your decisions.

Empower yourself by researching and understanding the business, and getting the right information. The more you know about your business, the more confident you become. Talk to other entrepreneurs, read books, visit websites and follow industry thought leaders in social media. There’s so much information out there – be willing to absorb them all like a sponge.

2. Take Action

Dreaming about starting a business and becoming a successful entrepreneur is all well and good. But nobody becomes rich and successful just by dreaming; instead, they work hard at it – everyday! They don’t spend their time dreaming about the what-ifs, but they put all their time and efforts to actually doing tasks that bring them a step closer to their goals.

Ask yourself why you haven’t taken any action yet. Some of common reasons of inaction include:

  • Lack of confidence
  • Lack of purpose or vision
  • Lack of strategy or game plan
  • Just plain laziness

Figure out why you are not doing what you need to do to get closer to your dream of becoming a successful entrepreneur.

3. Get motivated

The level of success you will achieve will depend on how well you are motivated to succeed. You need to have that “fire” in your belly – the passion and yearning to achieve success at al costs.

It is not going to be easy. The biggest challenge will be to find the motivation to stick to what you want to achieve. After all, it’s tough to get motivated every time and stay at that high level of motivation. You’ll find yourself losing interest and drive, as well as questioning your goals and yourself.

You have to really, really want it. You can only stick to goals that you are really passionate about and something that you want deeply. Learn how to create and build on the excitement – it may be from talking to your spouse about your goals or visualizing what it is like if you already achieved your dreams. Create reminders about your goals, such as printing your goal in big, bold letters in front of your desk so you can be reminded of it every day.

Sometimes, committing publicly about what you want to achieve can also help boost your motivation (if only to avoid losing face when you fail to work on your goals).

It may also help if you constantly surround yourself with things and people to motivate you. This includes following successful people in social media and getting the constant boost of motivation from their stories of successes, tips and strategies that they share, and their positive attitudes.

Recommended Books on What You Need to Do to Become a Successful Entrepreneur:


Nach Maravilla is the President and CEO of PowerHomeBiz.com LLC. He has over thirty years experience in sales and marketing of various products, which covered as he jokingly describes, “from toothpicks to airplanes” He also had extensive experience in International trading and he always excelled in special promotional ideas for retail outlets.

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What You Need to Do to Become a Successful Entrepreneur
One of the common questions I often hear is: “How can I become a successful entrepreneur? If you want to become a successful entrepreneur, here are three things that you need to do
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  1. Jeff Schuman says:

    Good tips Nach. I would add learn skills, especially Internet marketing skills. It is hard to compete in any business without an online presence. You obviously know that because your website is great.

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