Investing and Global Finance News

A Successful Entrepreneur

Carroll County Times’ Mark Luterman recently wrote an article discussing the most successful entrepreneurs in today’s economy.

He explained that the best business owners thrive because “they see challenges as opportunities.” Most entrepreneurs do not, however, and their responses are often detrimental to their businesses.

Luterman offers three tips:

  • When you’re mentally paralyzed with fear, you’re not moving forward. In fact, you remain stagnant.
  • The most important six words for any entrepreneur or aspiring entrepreneur to remember, as the legendary Earl Nightingale so eloquently stated, are, “We become what we think about.”

If you think of bad outcomes, the negative economy and how hard it is to succeed, guess what happens? Do you think you’ll succeed? No. You create fear and anxiety, which leads to an unclear mind and your inability to be creative and produce positive solutions for success.

Ask yourself this question: “What is my vision of the future?” If you expect that you’ll be successful, then that’s what you’ll receive. If you expect to fail, then that’s what you’ll receive. You control your own destiny.

  • Mistakes come from acting in fear or doubt.

More people became millionaires in the Great Depression than in any other time in American history. That’s because talented entrepreneurs used their skills and know-how to take advantage of the crisis while the majority of companies went out of business.

So this illustrates that hiding under a bed is a self-fulfilling prophecy and taking continuous action in the present and believing that you will make it no matter what is critical. Then and only then will you succeed.

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