When you’re an entrepreneur, you see opportunities other people can’t. You can use this skill to create a successful online business. After all, your great idea can help people in a way that no other idea can.
Entrepreneurs share a common drive to succeed. They believe in themselves, they work hard, and they look at business with a critical eye. If you want your online business to succeed, take a leaf out of the books of some of the world’s most successful people:
Jeff Bezos made smart decisions when he started his company, Amazon.com, in 1994. He learned that rapid growth in Internet use would make buying things online more and more common, and he wanted to ride the wave.
He also learned from a Supreme Court ruling that online retailers wouldn’t have to charge sales taxes on their products if their customers lived in a different state than their physical store. So he moved to Washington D.C., where fewer people across America would have to pay sales tax. He was already thinking big. Today, Amazon ships products to customers all over the world.
Invest in Yourself
Ryan Seacrest isn’t just the host of American Idol. He is also a successful producer, the host of a daily segment of E! News, and has his own production company. Seacrest dreamed of being a host or broadcaster when he was a little boy.
He started practicing young: he became the morning announcer for his high school and got a competitive internship at a radio station in nearby Atlanta. At 19, he went to Hollywood to become a broadcaster. His investment in his own talents paid off. Today, Seacrest is internationally recognized for his hosting jobs.
Become Known as an Expert
Sheryl Sandberg had a successful career at Google before she was hired to be the COO at Facebook. Sandberg changed the culture of business at Facebook to make it one of the most profitable social media outlets of the 21st century.
She used this success to create an image for herself as a model for other women in business. Her bestselling book Lean In: Women, Work, and the Will to Lead helps professional women navigate the corporate world, teaching them how to succeed despite sexism and workplace discrimination. She let her own success speak for itself to position herself as an expert on women in the workplace.
Steve Jobs, founder of Apple, was a demanding perfectionist, but he could change his mind. The team at Apple had to convince him to start working on the iPhone. But once they did, he whipped them into shape and had them complete the project of creating the first smartphone from scratch in just a few years.
Anticipate the Market
Indra Nooyi wasn’t always the CEO of PepsiCo and the 13th most powerful woman in the world. She was born and educated in India until she got a master’s degree in Public and Private Management at Yale. She was appointed CEO of PepsiCo in 2001 and has led the company to make profits even during the recession.
Nooyi saw the need for PepsiCo to diversify the brand and change the company’s image to a more health-oriented product line. She did both by acquiring other major brands like Tropicana, Quaker Oats, and Gatorade. Now PepsiCo is on the right track to solidifying its place as an international superpower.
Develop a Reputation for Integrity
Li Ka-Shing is now one of the most powerful economic figures in Hong Kong, but he didn’t grow up wealthy. He left school at age 15 to support his family after his father’s death. But he didn’t stay at a dead-end job where he worked 16-hour days. At 22, he used his experiences to start his own plastics manufacturing company.
Today his companies make up 15% of the Hong Kong Stock Exchange. But Li is known for more than his frugality; his colleagues say his internal moral compass was the driving force in helping him have great success in his field.
Have a Work/Home Balance
Marissa Mayer was appointed CEO of Yahoo! in 2012. Since then, she has had a baby, focused her company’s brand, and created a corporate environment that reflects a better work/home balance.
She lengthened the time for maternity leave and gave new parents a cash bonus, which helped parents better bond with their new babies. With her own baby, she installed a nursery in her office suite so she could take care of her baby and her professional responsibilities at the same time.
Michael Jordan may be one of the most legendary basketball players of all time, but he didn’t coast on his talent. Jordan had the natural athletic ability to be head and shoulders over most players. But he also had an incredible work ethic.
He worked hard throughout the basketball season, hardly ever taking a day off from practice. During the off season, he practiced jump shots hundreds of times a day until he had perfect muscle memory. Jordan was humble enough to know that talent alone didn’t make him great; he needed hard work, as well.
. . . And Succeed
With hard work and focus, you can be like these successful people. Transform your online business from a startup to a full-fledged company. For more tips and tricks, check out our blog for regular updates.