How to Become a successful Businessman - Part 1

in Project HOPElast month

Everyone wants to be a successful businessman, but only a few people understand the processes and secrets to being an entrepreneur.

Being a business owner is something to be proud of since you have the freedom to make your own decisions and not report to any higher authority, as well as the ability to fulfill your creative visions and ideas while making profit. It is relatively simple to start a firm, but it is more difficult to grow and manage it to a successful stage.

These are steps to become a successful businessman

Conquering your fears

Success in a business venture is regarded as such a difficult task by society because there are numerous difficulties to face, one of the most difficult of which is overcoming the fear of beginning a firm in the first place.

Many people spend the majority of their days fantasizing about how to become a successful businessperson, but they are terrified of the uncertainty that comes with starting a business, so they never take any chances.

If you want to stand out from the crowd as a successful businessman, you must learn to manage your own fears.

It's natural to be afraid of failing; for those who want to be truly successful in business, it's the first step. Overcoming your fears and starting a business is commendable, but the true tests of a fearless entrepreneur will be steady, from starting a conversation at a meeting to having to ask for the sale on a huge deal, cutting ties with a partner who is negatively impacting the business, and perhaps the most terrifying of all scenarios - watching a business fail miserably.

All of the famous businessmen, like Henry Ford, Bill Gates, Mark Zuckerberg, and others, failed at first. They overcame their worries by picking themselves up, dusting themselves off, and trying again until they arrived at their present position.

Financial knowledge is essential

People have this idea that in order to be successful, a person must come from a disadvantaged family and have a "grass to grace" business story. This is a fallacy because you will need money if you want to succeed.

Although it is not necessary to have a large sum of money, it is necessary to understand how money works and how to best use your resources to grow.

There are two types of people, according to Robert Kiyosaki: those who are financially illiterate and those who are financially literate.
The financial illiterate are those that struggle financially and fill their lives with liabilities such as modern luxuries, cars, rent payments, and other material things that suck away their money.

And then there are some that are financially literate and appreciate the necessity of accumulating assets that generate income rather than expenses.

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You will study and know how to make even more money through investing if you have a financial literate mentality. To be a great businessperson, you must understand how to make money work for you rather than the other way around.

Possessing the necessary leadership abilities

After you've established your company, the next stage is to understand how to lead. Leadership is essential because you must be able to persuade and motivate your partners or employees to believe in your business or project; they must be motivated to believe in and support your product or service.

In cases where the business owner lacks the necessary leadership qualities, you can simply hire someone who has the ability to lead, as leadership can sometimes be as simple as having the right charisma and message to get the right people to do the things that need to be done in order for the business to function.

A talented striker may be capable of playing superb football and scoring goals on the field, but he will not be able to win the game on his own since he will require the support of teammates.

A good team leader, on the other hand, recognizes his team members' strengths and weaknesses and knows how to get the most out of them by positioning them in positions where they can perform successfully in order to meet the company's objectives.

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hello @mandate,
I personally have certain conflicts with Mr. Kiyosaki's books, although his books help us to understand how money works and I like that, what I do not find correct is his appreciation of how business works in Latin America, in this part of the world the laws of leadership do not apply, I think the most appropriate book to grow as an entrepreneur in Latin America is "the 48 laws of power", finally I think the most important thing to develop for entrepreneurs in Latin America is the ability to have friends in positions of power, if you do not have it I doubt that you can be a successful entrepreneur.

It's always great to think about starting something own in business and everyone usually have something in mind do this however i think fashions is the first and foremost thing if anyone wants to be a businessman.
Other abilities like leadership creativity and innovations are certainly necessary and helpful to take things forward. Nice post

Hello @mandate
I think being successful in any area involves what you mention, losing your fears and also educating yourself in that area you want to develop in.
Unfortunately everyone wants to be successful but not everyone is willing to educate themselves.

Certainly becoming an entrepreneur and being successful is difficult, but not impossible, I like when you talk about overcoming fears, and the most common is the fear of failure, nobody wants to fail so they don't even try, when the only way to learn is to venture, make mistakes, learn and start again. I have read some of Robert Kiyosaki's books, and he certainly insists a lot to stop being financially illiterate, many want to enjoy the luxuries first and not work to have the assets that one day will allow you to enjoy them without getting into debt. Financial education is undoubtedly the pillar of success.

[email protected] mandate
To succeed in business when one is an entrepreneur entails many risks, one must have some criteria as you mention.

To be able to have a clear business path, to know where to take the company and how far.
To have enough experience in the financial world and nowadays cryptocurrencies give you that support to invest that did not exist before.

And finally to be able to take the reins of the company as its leader, where you motivate staff to execute the necessary actions to achieve success as a whole.

Thank you very much for sharing.

This is really amazing, indeed to become a successful business man you need to "conquer your fears" because most time businesses suffers set back but if you're able to conquer your fears instead of giving up you keep moving on till you get there

Greetings friend,
I think these steps are important for every person who really wants to start his own business.
What I like most in your post was when you talked about financial knowledge because it creates a strong base for anyone who wants to start a new business.
Nice read!