Successful Startups Are The Handy Work Of Disciplined And Flexible Entrepreneurs
Successful startups have one thing in common. That one thing is not just a new idea or concept, or the ample funds to ride out the challenges startups face as they cut their business teeth on American capitalism. The one thing all great startups have is an energetic entrepreneur who has discipline, flexibility, and the ability to deal with criticism.
Discipline is the ability to keep pushing dreams despite the roadblocks that naturally occur in any capitalistic system. The ever-changing environment in the capitalistic world demands flexibility from entrepreneurs. The entrepreneurs who don’t have an open mind and don’t try new strategies don’t last long in today’s competitive market.
Flexibility is a key tool in problem-solving. Effective, as well as unique solutions, come from entrepreneurs who have the ability to adjust and open their minds to solutions that come from the innate knowledge they have within them.
All entrepreneurs receive criticism of some kind. Successful entrepreneurs accept constructive criticism in order to improve their startups. Great entrepreneurs see the opportunity that’s wrapped inside criticism. They understand criticism inspires growth. They welcome feedback and use it to tweak the future planning process startups need to be successful.
Planning opens the door for risk-taking. All great entrepreneurs take calculated risks. Great entrepreneurs are able to assess risks, and they have a strategy if the risks don’t pay off. Great entrepreneurs accept failures. They treat their failures as learning experiences, and they adjust their planning to compensate for the failure.
All Great Entrepreneurs Have Another Thing In Common
The entrepreneurs who have discipline, flexibility, and the ability to accept criticism, and use it to benefit their startup also have one key ingredient. That ingredient moves its startup up the capitalistic food chain. That key ingredient is a long-term thinking process.
Long-term thinkers don’t worry about timelines. They don’t fret about the future. But they do keep one eye glued on what the world wants and needs in the future. Once they identify those wants and needs, they build their startup around them. The great startup entrepreneurs show the world what’s possible by thinking ahead.
Mandela, Jobs, And Musk Fit The Description Of Long-Term Thinkers
Nelson Mandela, Africa’s first black president, spent 27 years behind bars before he changed South Africa’s and the world’s mentality. He practiced long-term thinking during his incarceration. President Mandala liked to say, “Things always seem impossible until somebody does them.”
Steve Jobs had a plan to build an iPad in 1983. Jobs spoke at the International Design Conference that year, and he told the audience Apple’s mission is to put a computer in book form so people can carry it around and use it. In 2010, Steve’s iPad became a reality. He never abandoned his iPad idea because he knew the world would want and need it in the future.
Elon Musk took a lot of heat and still does for putting his fortune into startup companies that seemed to have little chance of success. Jumping into the space travel business and putting both feet into the automotive industry were bold moves. But Musk knew his ideas made sense to the forward thinkers who know it’s not what you do today that counts. It’s what you do in the future after harnessing the rewards of long-term thinking that makes a difference. Musk, Jobs, and Mandela knew big returns come from taking big risks, and by making time a friend rather than an enemy.