Two Mantra of Successful Entrepreneur

By Rupal Jain  |   Submitted On February 25, 2020

https://ezinearticles.com/?Two-Mantra-of-Successful-Entrepreneur&id=10257035

1. The Power of Taking Responsibility for Failure.

In the era of the 'creed of greed' philosophy where money, power, and position is nearly everything today few leaders still believe in the concept of 'Serve to Lead'. Yes, trust me such leaders do exist. They are categorized as Great leaders who willingly make personal sacrifices and accept responsibilities for organizational failures. They put the interest of common good- their stakeholders which includes employees, government, customers, creditors, directors, suppliers, unions and the overall community at large before their interest. A good leader possesses qualities like self-confidence, commitment, passion, good communication, and leadership skills but a great leader focuses beyond all this. They adopt a 'give no excuses and accept the mistake' approach to successfully transit a group of collective individuals to a team of successful professionals. They lead by example!

In challenging adverse business situation when everything is going wrong, instead of playing blame game, gossiping, bad-mouthing the government/economy/employees/creditors/misfortunes, avoiding, refusing or delaying the problem great leaders take 100% personal responsibility by accepting that all the mistakes are mine and choosing to address the predicament and take sole accountability (even financial) of fixing the quandary. Trust me, only after that, they could find solutions, solve the problem and within a few years they can take their company to new heights" Great leaders accept there is a problem, own the problem, try to find multiple solutions but select the most suitable one, implement it and make sure that they don't repeat the same mistake twice.

2. The biggest Risk is not taking one!

There is one important skill that distinguishes dynamic leaders from average one- it is their affirmative capability of Risk Taking. There is a direct positive relationship between risk-bearing and entrepreneurship. Successful entrepreneurship is about identifying your passion, taking a rational risk and exploring opportunities others don't see. Risk-taking pushes you to think and act outside your comfort zone without which you become torpid, conventional and content".

Fear of - change, failure, not being good enough, inadequacy, uncertainty, rejections, being judged are few reasons why people avoid taking a risk but not taking a risk is the biggest risk of all in life. Risk takers are not random gamblers. Taking a calculated risk that is reasonable, sensible and rational is extremely vital to achieving your desired goals. Good decisions are made based on intelligent data and institutions. It is necessary to explore all the options/ alternatives before making any decisions. They are well acquainted with the fact the sometimes risk may not financially pay-off well but offers immense opportunity to learn, grow and enhance your competencies. In addition to this, risk-taking helps us in discovering unfamiliar areas within and outside the organization, inspiring ingenious thinking, finding innovative solutions to an existing problem and even overcoming fear of failure. Risk-taking is scary by as said, "If it is not scary it is not worth doing".

Article Source: https://EzineArticles.com/expert/Rupal_Jain/207338