Ask Mike Shew for Small Business Owner Advice. Mike is a 5-Time Past Business Owner.
One who fears failure limits his activities. Failure is only the opportunity to more intelligently begin again. - Henry Ford
Success is stumbling from failure to failure with no loss of enthusiasm.- Winston Churchill
The greatest glory in living lies not in never falling, but in rising every time we fall. - Ralph Waldo Emerson
I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed. - Michael Jordan
Anna Vital - www.anna.vc Developed the infographic How to Succeed.
This infographic from StartUpBros.com gives us further insight into what these successful business owners look like.
60% just didn't want to work to work for someone else.
51.9% were the first in their families to open a business.
75% credit their success with education
52% were the 10% of their high school class.
1% or less came from super rich parents.
69.9% said they were married when they launched their first business.
80.3% inability to find traditional employment.
37.8% role played with an entrepreneurial friend or family member.
27.9% co-founders encouragement.
18.1% developed a technology they wanted to commercialize.
75.4% worked an average of 6 years at a company before launching their start-up.
47.9% launched their first company with more than 10 years of work experience.
88% learning from previous successes.
78% learning from previous failures.
These 4 keys to success are shared among entrepreneurs.
Creative / Positive Attitude.
These traits don't work for success.
Emotional - Instability.
A very positive attitude, experience or time in life, education, training, always keep learning, and if you fail get back up (sometimes you get the wind knocked out of you) Hurricane Frances/Jeanne 2004 and car accidents 2002 & 2010. I also really think luck, timing, creativity, flexibility, (spouse) and a niche all play a super role in your entrepreneurial success.
Be prepared for emergencies by being well insured (some states allow up to 50k for PIP), money tucked away in savings or 401k. Be able to start your business without a salary for two years.