Moreover, what does it take to be the truly visionary kind of entrepreneur who has an idea that really shifts paradigms and changes the world for the better?
The answer is determined by who you ask. Here are a few things that most people will agree are fairly important …
Fearless
There is always an element of risk involved when launching a new idea. Even if that idea does not require financial risk, yourrrre still putting yourself the line and there is still a possibility that your idea won’t sell or that it’ll be laughed out from the room. You need a thick skin and you also need to be happy to fail.
Resilient
More important compared to willingness to fail even, could be the willingness for getting back up again whenever you do. Because they keep on trying that they eventually get their win, almost every successful entrepreneur will fail multiple times before they eventually succeed but it’s. You only need to succeed once.
Inventive
Of course, it’s understandable that a business person needs to be inventive. They have to be able to come and spot opportunities up with new ideas that others miss. This is something that you is going to be born with (or otherwise not) to some degree, but you will find certainly actions to encourage yourself for getting more creative as part of your thinking.
Old
Okay, you don’t have to be old to be a successful trait. I wanted to include this just to make a point– which is that you don’t need to be ‘hip and young’ to have a successful startup. Most successful businesses are started by people in their 40s or older. So, don’t count yourself out of the race just because you’re not in your twenties!
Team Players
Another myth is usually that the entrepreneur is not a team player– which they act solo. In reality, entrepreneurs generally surround themselves with strong teams and credit this with many of their success.
Passionate
Perhaps the most important trait of all is that an entrepreneur be passionate. You won’t be able to win over other people and get them excited for it.
How Elon Musk Made People Take Him Seriously
Big, world-changing ideas do not come along often. People like the status quo in fact and when you come along and try to change that, you will always meet resistance.
And people– as a whole– are also unfortunately lacking in ambition often. The most common reaction you’ll get is disbelief if you tell someone that you’re going to be a rock star or an astronaut. This is a shame though: someone has to make it! With all that in mind though, how can you go about convincing people to put their faith (and cash) behind your idea? If you want to do something big, how do you get others on board?
The Power of Credibility
Musk is taken seriously by everyone now but at the time, he was completely unknown. And he was disenfranchised with the attempts made by NASA and others at that time.
He thus came up with an idea of a prize to motivate companies into creating the technology necessary to make his vision a reality. He found people that were as passionate about his idea as he was and by doing this, he lent his entire concept credibility. People would have laughed him off the stage but not when he appeared alongside such luminaries.
How to Get Credibility for Your Big Idea
The next time you have a big idea for a business, think about how you can get others to buy into it and who it would take to convince them. And this is actually the advantage of having a 'big idea’– it will automatically be more exciting than a small idea and so you’ll find there will be people out there who want to become ambassadors for it.