Mark Zuckerberg started Facebook as a simple ahot-or-nota site to get back at classmates. Nike founder Phil Knight called the now ubiquitious shoe company his acrazy idea.” Instagram began with a single photo filter to build turn its users into less-crappy photographers.
You likely couldnat have predicted their success at the time, but today, all of these ideas have turned into global titans worth billions of dollars.
Since it all starts so simply, Iall pose this question: Do you have a acrazy ideaa of your own, and have you ever considered turning it into a full-fledged business?
While I canat answer that topic for you, I can tell you what makes Mark Zuckerberg and his ilk such effective and successful founders and entrepreneurs. And who knows — if you find some of these traits in yourself, it might be time to dust off that acrazy ideaa and get to work building a business of your own!
( Side note: If you want some assistance getting started, HubSpotas giving away $ 100,000, free HubSpot software, and 1:1 facetime with industry experts to help one lucky winner observed the business of their dreams. Check out our #SummerStartup rivalry before itas too late !~ ATAGEND)
5 Traits of Highly Successful Entrepreneurs
1) Entrepreneurs are resilient.
At LinkedIn( and HubSpot, too ), thereas a saying that CEO Jeff Weiner throws around frequently, borrowed from the legendary aCoach Ka at Duke University: aNext Playa.
The thought is, if you miss a wide-open shooting, donat stop to wallow or squeak — you havenat got the time. Instead, pick yourself up, get on the defense, and move on to the next play.
In the startup world, if you want to keep the illuminates on, you need to be able to hustle under pressure. Whether a big deal has just fallen through, or youare gazing down a massive and unforeseen expense, you have to be able to hit the reset button and assault the next play at 100%.
2) Entrepreneurs are ready to take risks.
Elon Musk is one of my own personal heroes. Whether itas SpaceX, Tesla, or SolarCity, his aim is the same: to save the human race. Heas entirely mission-driven, and heas willing to take crazy dangers to make it happen.
For instance, that are intended to get SpaceX and Tesla off the ground, Musk took nearly his entire luck from the sale of PayPal ($ 165 M) and expended it into these two businesses — even though it was entirely possible both would fail. He ran from millionaire to penniless( and ultimately back again) because their willingness to take a calculated hazard to ensure his dream come to fruition.
While Iam not advising you to take out another mortgage on the house to support your business, very few entrepreneurs make it to the top without facing a few amake-or-breaka moments — and you should be ready to do the same.
THE # COMPETITION IS ON: Pitch your business idea in 25 terms or less in the comments below for the chance to win: ddeg $100,000 d( c) ad <<1:1 executive mentorship dy= 3 years of hubspot apply to #summerstartup by july 23 for the chance to kickstart your dream business! wish you could quit your job and change your life? comment below to enter. get the resources you need to start your business and view terms & conditions at http://bit.ly/hubspotsummerstartup brief overview of main terms & conditions: a entry is only by direct reply to this facebook post within the phase 1 contest period. see official rules for more details on the contest phases. a you must be a uk, ie, us, aus or sg resident to be eligible. must be 18 or over. must not be a hubspot employee or relation of. see official rules for more details. a this contest is in no way sponsored, endorsed or administered by, or associated with facebook or any of their affiliates. facebook is not liable for this contest. a you should read the official rules prior to entering. the official rules can be found here: http://bit.ly/hubspotsummerstartup
Posted by HubSpot on Monday, June 26, 2017
3) Entrepreneurs volunteer for the hard jobs.
If you want to be successful in a startup, you should be ready to raise your hand, roll up your sleeves, and tackle the work that no one else is willing to do. A perfect instance of this comes from HubSpotas history , not from a founder but from an integral member of the leadership squad.
In 2014, HubSpot was a pre-IPO company in serious need of an overhaul of much of its sales operations scheme. It has become evident that tons of hard work and analysis would need to go into the process, and there were numerous stakeholders with varying sentiments on how to proceed.
Nevertheless, Alison Elworthy, VP of Operations at HubSpot, created her hand to do the messy work. The resulting scheme was a massive success upon rollout — and itas still called aThe Elworthy Plana to this day.
Hereas the lesson: whether you want to start your own company, you want a better title, or youare just interested in a bigger paycheck, the best way to raise some eyebrows and boost your career is to volunteer for the hard stuff.
Theyare definitely not afraid of failing. In fact, many successful and innovative companies( like Google) encourage people to fail, the mindset being that if youare not fail, youare not trying. They espouse the mantra of afailing fasta, because the faster you fail, the more things youare able to try and the more proof you have that youare pushing your restrictions. This reliance on failure has kept companies like Google on the forefront of invention for years.
Sara Blakely, Founder of Spanx( and the youngest self-made female billionaire in America) is the perfect show of this mantra. Running as a door-to-door fax salesperson at the time, Sara( unsuccessfully) sought pantyhose that would work with the modern womanas lifestyle. At 27, Sara expended her life savings, $5,000, into a hosiery idea of her own designs.
The rest is history. Sara founded Spanx, and in the process earned a fortune worth more than$ 1 billion.
On the subject of failing, Sara has one piece of advice: aItas important to be willing to attain mistakes. The worst thing that can happen is you become memorable.a
4) Most importantly, they never lose passion, and they never stop dreaming.
Passion is everything when it comes to planning for success. The Zuckerbergs of the world didnat get to the top by chasing a paycheck – they got there by feeding their passion and hustling to make it happen.
Passion shouldnat be limited to the product, though — it is appropriate to tie into the mission. Steve Jobs wasnat passionate about computers, he was passionate about how Apple could disrupt the stodgy and established industry of computers and empower everyone to be their most creative selves.
As Zuckerberg himself puts it, aIf you just work on stuff that you like and youare passionate about, you donat have to have a master plan with how things will play out.a
Thereas no way to know for sure whether your acrazy ideaa will be a success. That told, the only surefire style known better wonat be a success is to let it gather dust in the back of your mind.
Interested in $100,000, free HubSpot software, and 1:1 mentoring to start the business of your dreams? Check out our #SummerStartup competition today.
Read more: blog.hubspot.com