The 10 Secrets of Entrepreneurs

the-10-secrets-of-entrepreneurs-how-to-stop-being-just-an-employee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We read about a lot of entrepreneurial success stories of how major companies like Walt Disney, Starbucks, McDonalds, Apple, Mircrosoft,Yahoo, Google, Infosys, Wipro,Reliance, HDFC, ICICI,  Facebook etc started their journey. How many times have you got inspired to start a company when you come across inspiring stories of many such entrepreneurs? You may have already started a company but still not been able to reach the goal yet. Or you have just started your career in the corporate world.

Whether you want to start a company or you want to climb the corporate ladder, this is a MUST read book. If you want to know what it takes to be a successful entrepreneur or an employee, then you must read this book.

Keith Cameron Smith, author, who also wrote The Top 10 Habits of Millionaires has now come up with another compelling book titled The 10 Secrets of Entrepreneurs. This book is divided into 10 chapters in a total of 118 pages. Each chapter talks about a secret. The central theme of the book is on the differences between an Entrepreneur and an Employee.

Please find the table below

Entrepreneurs v/s Employees

Entrepreneurs Employees 
1 Entrepreneurs educate themselves more than they entertain themselves. Employees entertain themselves more than they educate themselves.
2 Entrepreneurs have an empowering perspective of failure. Employees see failure as bad.
3 Entrepreneurs are solution finders. Employees are problem solvers.
4 Entrepreneurs know a little about a lot. Employees know a lot about a little.
5 Entrepreneurs give and receive praise and correction. Employees don’t praise and try to avoid correction.
6 Entrepreneurs say “The buck stops here.” Employees say “It is not my fault.”
7 Entrepreneurs build wealth. Employees make money.
8 Entrepreneurs fly with eagles. Employees peck around with chickens.
9 Entrepreneurs look into the future. Employees look into the past.
10 Entrepreneurs take risks because of faith. Employees play it safe because of fear.

 

Keith starts off talking about the traditional education system in schools which makes us to think like employees rather than entrepreneurs.  From failures we should learn to move forward. Failure is a feedback and we should take responsibility for our actions.

Keith also advice entrepreneurs to build self-discipline and good daily habits to ensure that they manage personal and professional lives. Entrepreneurs must learn to inspire others and get started and encourage to stay on the path.

A good entrepreneur is always learning new things going beyond the ‘job description’.  People who don’t consistently increase their knowledge will always have low limits on the success they achieve.

Successful entrepreneurs have learned to praise before they correct, and then praise again when they see improvement; they understand that correction is not rejection. Accepting and using correction from others requires one simple virtue: humility – to listen, accept, learn and grow. “Connect before you correct,” advises Keith.

The book is packed with clever acronyms to tease apart personality types (DISC – dominant, inspirational, sincere, calculated), and implement appreciative behaviours (PCP – praise, correct, praise; or C3 – compliment, correct, compliment).

If you want to be a successful entrepreneur, spend time with those who are already successful. Building wealth takes time but making money can be done quickly.

Though hindsight is useful, entrepreneurs do not let this bind them to the past alone, and are not haunted by regret, guilt or shame. Real success comes when the entrepreneurs are true to their personal values.

“If you create a vision of a future that you’d love to experience and then start running towards it, the successes and failures, victories and defeats will give you a rich and rewarding life,” Keith says.

“Celebrate your successes. Your faith is your greatest asset. Feed it and find freedom,” Keith concludes in the book.

Read this book and you will see a positive change in your personal and professional life.

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