6 Key Pillars to Success as an Entrepreneur

6 Vital Pillars to Success as an Entrepreneur

Passion

This is probably the most talked about and most important quality that entrepreneurs must bring to their ventures. In order to succeed, there is no way to escape the long hours and sacrifices that are required.

Without a set of values that result in true passion for what you are doing, it is difficult to sustain your sense of purpose as an entrepreneur. You must love what you do and have deep reasons for doing it.

Innovation

The reality of entrepreneurship today is that competition can be fierce. It can be very difficult to stand out when there are hundreds of other businesses attempting to do the same thing as you.

The only way to stand out from the crowd is to correctly manifest your creativity in the market, so that you can bring something new and useful that none of your competitors can match.

Scheduling / Time Management

To be a successful entrepreneur, you don’t just need your business in order, you need your whole life in order.

You need to be very clear and specific about what your daily schedule looks like, including all the aspects of your personal life too. Tasks need to be categorised and prioritised, taking into account their impact both inside and outside of the business.

With good time management and task prioritisation, you become much much more successful as an entrepreneur.

Good Judgement

You cannot be an entrepreneur at all if you are unable to make quality decisions. You need to be able to compare options wisely, as the impact of decisions can be huge. The difference between a good decision and a bad decision can often be measured in six or seven figures - some even in eight, nine or ten, depending on the scale of your ambition!

Good decision making requires you to be able to rigorously analyse your own reasoning, and to try to find faults in your own thinking. This is a key skill for reaching the right conclusions for your business.

Communicate with your Customers

Your customers are the real route to achieving your goals. If you have the skill and humility to listen to them, it is only a matter of time before you hit great success.

Being observant is key, and if you can communicate effectively with your customers, they will provide you with incredibly valuable information that can take your business to the next level. Things like complaints and feedback (positive or negative) are great examples of this.

In addition, how you talk to your customers is just as important as how you listen to them. If you can reach them on their level with your next big idea by using the right language, they might just buy it!

Visualise your Goals

In order to get a clear picture of what you are aiming for as an entrepreneur, it is very important to visualise what it looks like.

You have to be able to put yourself in the shoes of not only yourself as the producer of a successful product, but also in the shoes of your customer. This helps you to truly understand their problem so you can solve it for them.

One Pillar to Rule Them All!

Throughout the last 45 years, Effective Intelligence has been used with great success to enable huge leaps of progress for all types of businesses, large and small. Its positive impact has often been measured in the millions.

Some of the companies that have worked with Effective Intelligence include Shell, Nestlé and Philips Electronics.

Effective Intelligence allows an unprecedented level of awareness to come to fruition for you and your team, so that thinking at both the individual and team level can be properly analysed and evaluated.

With this awareness, over-active areas of the business can be toned down, weak areas can be strengthened, and team members can be re-organised so that everyone is performing optimally. It is no small feat to be able to do this, but Effective Intelligence carries it out with proven success.

You may have noticed that we gave each pillar a different colour. Well spotted! This is because Effective Intelligence operates on a tried-and-tested colour model of the mind. At its most essential level, it uses Blue, Red and Green. Each of these colours then has two shades, which we won’t get into now - but you may have noticed that too on the pillars!

Despite its apparent simplicity, this colour model is dangerously effective, and has transformed countless lives, even outside the sphere of business. Thinking of course affects your personal life too!