What Is Success and What Are The Primary Characteristics of Successful Entrepreneurs
by, 03-23-2015 at 11:40 AM (8958 Views)
My guess is that I will get as many definitions of success as it applies to life as…
the number of individuals choosing to provide a response and more will include the first definition of “success” provided by Webster’s Dictionary below.
Merriam Webster defines “ success” as: (1) the fact of getting or achieving wealth, respect, or fame; (2) the correct or desired result of an attempt; (3) someone or something that is successful and (4) a person or thing that succeeds.
I don’t disagree with the above definition, but believe that a successful life involves a lot more than included in the definitions of success listed above.
Think about your definition of success as it applies to an individual’s life, especially the lives of entrepreneurs. I will share my thoughts on success later.
Thomas Edison failed thousands of times before he invented the incandescent light bulb. Abraham Lincoln, one of our most respected Presidents, was far from successful as an attorney or anything else he tried until he was elected President.
Albert Einstein didn’t speak until the age of four and was not good at mathematics. Ben Franklin was forced to drop out of school when he was ten years old to help his father, a candle maker. His brother would often beat him when he didn’t meet his expectations. Ben eventually left home and arrived in Philadelphia in shabby clothes with three pennies in his pocket. What did this self-taught scientist and inventor teach us about compound interest?
Bethany Hamilton had her arm bitten off by a shark at the age of thirteen. She was back on a surfboard one month later and two years later won first place in the Explorer Wellness Division of the NSSA National Championships.
Truett Cathy, founder of Chic-fil-A grew up in a one-bathroom boarding house. He and his brother chose to begin a business together. They agreed on the restaurant business when a local restaurant franchiser offered to set each of them up as managers in one of her franchised restaurants. She tried to make them both managers of the same location rather than separate locations as promised. Because of this and other restraints they decided to bail out. The brothers eventually opened their own restaurant. Truitt’s brother was killed in a private plane accident, but he persevered and expanded to two restaurants. One burned and was under insured. The idea of Chic-fil-A had not been conceived at this time.
Even Bill Gates, co- founder of Microsoft, failed at his first business.
So what is my point?
Each of these individuals had a common and obvious characteristic; they never gave up. However, there is another very important common denominator?
What do you think it is?
I'll share my definition of success in life and the other common denominator or shared characteristic of successful entrepreneurs in my next post.
Please share your definition of success in life?
What you think the other characteristic found in each of the above successful entrepreneurs is?
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