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What makes so many up-and-coming entrepreneurs so wildly successful?
If you thought it was age, connections, or just some stroke of luck than think again because these modern entrepreneurs have something valuable to bring to the world even if it isn’t apparent to those outside of its understanding.
There is something about their work ethics, passion, and drive to explore the options that allows them to capitalize on trends, innovation, and markets long since dominated by dying companies.
1. Low barriers for action
Eyal Lichtmann sums up, quite perfectly, why agile entrepreneurs are able to make such a big impact:
“Find a niche. Go for it. Everybody has a dream, but only dreams plus action equals reality. There is no guarantee of success, but there is a guarantee of failure if you do not try … Dream big… then focus on the details.”
Traditional businesses are often govern by bureaucracy which places too many hurdles in the way of innovation and agility; smart entrepreneurs go with the flow, set out on big goals, and put in the time, energy, and resources to see a project to completion even if it hasn’t been analyzed to the 10th degree by some “quality assurance” department.
2. A transparent, agile process
Eric Reis of the Lean Startup book/idea has two very important concepts about business that many traditional and overreaching businesses seem to miss the mark:
· Our goal is to learn as quickly as possible
· Don’t believe your own propaganda
Small and big businesses that were formed on the traditional approach such as outlining a detailed business plan, setting structure, and creating a tough product production process become bogged down with the ability to adapt their products based on customer feedback. Likewise, spikes of success can lead to having a false sense of security in the industry and market when in reality the product is already marching toward doom because it has been outclassed by an up-and-comer.
The thing you want to take away from this is that you must always pay attention to the customers and snap on a moment’s notice to make the changes that will keep them sealed to your brand.
3. Unity through creativity (not tyranny)
A boss should be a leader – not an individual that overly demands and controls every aspect of a project.
Businesses stagnant and waning in their industry, more often than not, are ruled by bosses that have an iron grip on their creative and talented team. The nit-picking and micro-management stifles creativity from those that are fully trained to complete a task – they were hired for their talent but the boss becomes their toughest hurdle.
The business that are doing great, agile things are the ones that allow for creativity thinking, flexibility in their work, encouragement from their peers and bosses, and give all the appropriate tools and resources to tackle an objective in the manner they see best fit.
Because these entrepreneurs act like leaders, rather than bosses, they are able to create and innovate in their industry where others fall flat.
Kelly Jane Brown is an aspiring writer, entrepreneur and student at UCLA.
