by Moses Clark

Created on: July 15, 2007   Last Updated: June 22, 2009

Before I explain to you the characteristics of a successful entrepreneur, I want to give you a list of personal reasons why Business Owners give up:

-Lack of results.
-Lack of passion.
-Not having a realistic goal or vision.
-Thinking money is everything.
-Listening to gossip.
-Having a negative attitude.

As a Financial Advisor I would like to define these six ugly reasons and excuses of why people quit. Bill Gates went a whole year without receiving a pay check, now look at him, he didn't let the lack of results cause him to quit, now he's a billionaire. Everyone has been somewhere doing something that they weren't passionate about doing, sometimes people get into business without passion, and this will eventually cause them to quit. If you want to be successful,you have to love what you do. Having unrealistic expectations is also a killer, because when the reality hits your imagination or vision is detrimentally challenged. Alot of times people get into business because they think there going to make alot of money, this is usually a young persons mistake, but eventually they grow to understand that money isn't everything. Gossip is a destroyer, and listening to it, can cause you to be insecure about your dreams and future. Also surround yourself with positive people, because negative energy is contagious.

Now that I got past the ugly characteristics, lets talk about some positives:

-Competitive Spirit
-Company Mission
-Company Vision
-Assessment
-Develop Customer Relationships
-Resources
-Be Active

When people look for a product, they want originality, how you can stand out from the rest. Being that this is a really competitive field, you have to have a hustlers mentality, and your business should reflect you.

Having a mission is the foundation of why you exist. You have to sell a voice to the customers and employers the reason your business was created.

Your vision differs from your mission because vision is a realistic opportunity of where you want to see your company go in the future. Where there is no vision the people perish.

When I use assessments for myself and clients, I follow a tactic called "The SWOT Analysis"; this is a acronym defined by strength, weaknesses, opportunities, and threats. Usually this is a successful analysis if you are considering investing or financial planning.

Developing a great relationship with customers is the key to stability. Keep a profile of your customers wants, needs, and expectations. Also remember that great relationships, is based on great integrity.

Having a set of resources is a huge part of your strategic planning and clientel. Finances, Human Resources, and materials have to be properly analyzed and utilized to achieve your business goals.

Last but not least, I want to encourage all hungry Owners and dreamers to "Be Active"! Don't just wait around for things to happen, stay persistent, follow up, and just get things done. In this aggressive business no one is going to hold your hand!

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