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Self-Made: What Successful Entrepreneurs Can Teach You About Life
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WEALTH ACCUMULATION
Dec 16, 2016 |

Aim high

But keep your feet on the ground while you’re at it. Goals can only be realised when you have a clear direction you’re working towards. Be ambitious and then set your mind to achieving it – even if it means taking many small steps forward, the only thing that matters is that you’re making progress.

As Elim Chew, founder of 77th Street says, “When I first started my hairstyling career, I was 19, and I actually wrote down my dreams. I learned it from a friend who said everything you want, write it down, so I wrote down my dream that I want to be a millionaire by 25…You know I encourage everyone now to write down their dreams and how you’re going to get there.”

Act with no regrets

As with being an entrepreneur, you’ll find that you have to make many decisions in life, some of which are tougher than others. Be decisive, take ownership of your decisions and accept the consequences of your actions. That doesn’t mean you should be foolhardy though, and it’s important to be brave without exposing yourself unnecessarily.

No one puts it better than Oprah Winfrey, self-made billionaire and CEO of Harpo Inc., “I know for sure that what we dwell on is who we become.”

‘Failure’ is not a dirty word

Many of those who are successful today know what it means to fail because they have at some point, taken calculated risks that didn’t pay off. However, the strength of a winning entrepreneur lies in having no fear of failure.

Even if you make mistakes or your plans don’t come to fruition, it’s the experience and learning you gain that sets you up for improvement and greater success down the road.

Take some advice from Peter Lim, Singapore’s famous self-made tycoon, “Up to a point after people tell you a story and a vision, don’t write it off. Sometimes it comes true. You just make sure that if it doesn’t come true, you don’t get hurt too much.”

 

Never stop growing

In every situation, use it as an opportunity to learn. Stay inquisitive and keep asking questions, no matter how silly they sound in your head. The greatest person who benefits is you.

Once you’ve accomplished a big milestone, don’t rest on your laurels. Always find ways to see how you or your business can improve to be a better version of itself.

Be inspired by Richard Branson, founding father of Virgin Group, as he once said, “My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had – everyday I’m learning something new.”

Don’t fly solo

When we get caught up with busy schedules and big ideas, it can be easier to venture ahead on our own. But working with others almost always brings a diversity of ideas, a wealth of experience, and a set of unique talents to the table.

Not only does this help improve your communication and teamwork, it builds rapport with others, and helps them gain trust in you.

As Guy Kawasaki, chief evangelist of Canva and former Apple evangelist simply puts it, “Success is a team process.”

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