There are an estimated 400 million entrepreneurs around the world, and many people in the working world dream about starting their own companies But owning your own business is far from easy. In fact, 20% of new companies fail in their first year; and only 50% of new companies survive through their fifth year.
6 key ingredients:
1. Location - Hint: the USA takes the #1 spot on the list
2. Time - Most entrepreneurs work over 40 hours per week!
3. Stress Management
4. Marketing, Sales and Networking Abilities
5. Money
6. Belief in yourself and your business
Other important characteristics include:
Passion
Creativity
Leadership
Vision
Self-confidence
Relationship-building
Innovation
Organisation skills
Communication
Coordination skills
This infographic from Smarter Business explains each of the 6 ingredients and can help you along your way to a successful entrepreneurial career. Here's what it takes to move away from the 9-5 and become your own boss.
6 key ingredients:
1. Location - Hint: the USA takes the #1 spot on the list
2. Time - Most entrepreneurs work over 40 hours per week!
3. Stress Management
4. Marketing, Sales and Networking Abilities
5. Money
6. Belief in yourself and your business
Other important characteristics include:
Passion
Creativity
Leadership
Vision
Self-confidence
Relationship-building
Innovation
Organisation skills
Communication
Coordination skills
This infographic from Smarter Business explains each of the 6 ingredients and can help you along your way to a successful entrepreneurial career. Here's what it takes to move away from the 9-5 and become your own boss.
Infographic Source: https://smarterbusiness.co.uk/infographic-what-it-takes-to-become-a-successful-entrepreneur/
