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    21 Secrets of Successful Entrepreneurs

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    The document outlines 21 secrets of successful entrepreneurs. It discusses how entrepreneurs can seize opportunities, work hard and smart, develop clear goals and plans, dedicate themselves to lifelong learning and excellence, and maintain persistence even in the face of failure. Examples are provided of entrepreneurs like Honda who started small but achieved great success through perseverance and dedication. The secrets emphasize developing the right mindset and habits to achieve entrepreneurial success.

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    21 Secrets of Successful Entrepreneurs

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    Melvin John Habla Banzuelo
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    The document outlines 21 secrets of successful entrepreneurs. It discusses how entrepreneurs can seize opportunities, work hard and smart, develop clear goals and plans, dedicate themselves to lifelong learning and excellence, and maintain persistence even in the face of failure. Examples are provided of entrepreneurs like Honda who started small but achieved great success through perseverance and dedication. The secrets emphasize developing the right mindset and habits to achieve entrepreneurial success.

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    The document outlines 21 secrets of successful entrepreneurs. It discusses how entrepreneurs can seize opportunities, work hard and smart, develop clear goals and plans, dedicate themselves to lifelong learning and excellence, and maintain persistence even in the face of failure. Examples are provided of entrepreneurs like Honda who started small but achieved great success through perseverance and dedication. The secrets emphasize developing the right mindset and habits to achieve entrepreneurial success.

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    100 views32 pages

    21 Secrets of Successful Entrepreneurs

    Uploaded by

    Melvin John Habla Banzuelo
    The document outlines 21 secrets of successful entrepreneurs. It discusses how entrepreneurs can seize opportunities, work hard and smart, develop clear goals and plans, dedicate themselves to lifelong learning and excellence, and maintain persistence even in the face of failure. Examples are provided of entrepreneurs like Honda who started small but achieved great success through perseverance and dedication. The secrets emphasize developing the right mindset and habits to achieve entrepreneurial success.

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    21 Secrets of Successful Entrepreneurs

    Stephanie Caragos IECEP National Mid-Year Convention Cagayan de Oro City June 14, 2013

    We are living at the greatest time in all of human history.


    Why?

    #1 : Its a revolution for SMEs. More people are becoming wealthy today, starting from nothing, than ever before imagined.

    #2 : Knowing when to cease opportunities: Even with all the economic problems, there are still successful entrepreneurs because there are those who know when to cease opportunities.

    Example 1
    Soichiro Honda dreamer and businessman Honda's first motorcycle was born out of necessity in immediate post World War II Japan, where public transportation was desperately overcrowded and gasoline severely restricted. Looking for a solution to his, and thousands of others', personal transport problems, Honda came across a job lot of 500 war surplus twostroke motors designed to power electric generators; nobody else wanted them so Honda picked them up cheap. His aim was to adapt them for attachment to push-bikes and, by October 1946, his small factory in Hamamatsu was making complete, makeshift motor bikes using proprietary cycle frames. The rest .. Is as they say, history.

    Syntactics started out at the rise of internet technology and the knowledge of computers being taught to college students in effect more businesses have more technology-savy people working with them. Windows-based systems was something new to businesses and even those with little knowledge in computers can operate their own business software. There was only one or two other companies who focused on business solutions at a time that there were so many SMEs to provide services to. There were so many IT graduates that did not have available jobs that were specifically related to their course.

    Example 2:

    # 3 : More than 90 percent of all financially successful people today started off broke or nearly broke. The average self-made millionaires has been bankrupt or nearly bankrupt 3.2 Times Brian Tracy.

    # 4 : Nature is neutral. The natural world, the marketplace, or our society does not care who you are or what you are. What matters is your drive and work that you put in. Working not only harder but smarter.

    21 Secrets

    Secret #1 Dream Big


    Question: if nothing ever limited you, what would you do? What one thing would I dare to dream if I knew I could not fail? There are no limits except the limits you place on yourself by your own thinking.

    Secret #2 Develop a Clear Sense of Direction

    A person with a clear purpose will make progress on even the roughest road. A person with no purpose will make no progress on even the smoothest road. THOMAS CARLYLE

    7-step formula for setting and achieving goals First, decide exactly what you want in each area of your life, especially in

    your financial life. Most people never do this. Second, write down your goals clearly and specifically. Something amazing happens between your head and your hand when you put your goals in writing. Third, set a deadline for each goal. Set sub-deadlines if a goal is big enough. Give yourself a target to aim at. Fourth, make a list of everything you can think of that you will have to do to achieve each goal. As you think of new ideas, add them to your list until it is complete. Fifth, organize your list into a plan of action. Determine what you are going to do first and what you will do later. Decide what is more important and what is less important. Sixth, take action on your plan immediately. It is amazing how many splendid goals and plans are never realized because of procrastination and delay. Seventh, and perhaps most important, do something every day that moves you at least one step closer to your most important goal. This commitment to daily action will make you a big success in anything you decide to accomplish.

    Secret #3 See yourself as selfemployed

    The biggest mistake you can ever make is to think that you work for anyone other than yourself. When you see yourself as self-employed, you develop an entrepreneur mentality, the mentality of highly independent, self-responsible, self-starting individuals.

    Secret #4 Do What You Love to Do


    When you start doing what you really love to do, You will never work a day in your life.

    Secret #5 Commit to Excellence


    The quality of your life will be determined by the depth of your commitment to excellence, no matter what your chosen field. VINCE LOMBARDI

    Secret #6 Work Longer and Harder


    The harder I work, the luckier I get. JAMES THURBER Practice the 40 Plus formula. This formula says that you work 40 hours per week for survival; everything over 40 hours is for success. If you work only 40 hours (and the average workweek today is closer to 35 hours), all you will ever do is survive. You will never get ahead.

    # 7 Dedicate Yourself to Lifelong Learning


    Your mind is like a muscle. It develops only with use.

    Secret #8 Pay Yourself First


    Developing the lifelong habit of saving and investing your money. Often people make the mistake of buying a car or gadgets the moment they have money. Parkinsons law impulse buying. expenses rise to meet income.

    Secret #9 Learn Every Detail of Your Business


    Set a goal for yourself to become the very best in your business or profession. One small detail, insight, or idea can be the turning point in your career. Never stop looking for it.

    Secret #10 Dedicate Yourself to Serving Others


    You can get everything you want in life if you just help enough other people get what theywant. ZIG ZIGLAR Always look for opportunities to do more than you are paid for. Always seek ways to go the extra mile for your customers.

    Secret #11 Be Absolutely Honest with Yourself and Others


    All successful business is based on trust.

    Secret #12 Determine Your Highest Priorities and Concentrate on Them Single-Mindedly

    Secret #13 Develop a Reputation for Speed and Dependability


    Underpromise, overdeliver

    Secret #14 Be Prepared to Climb from Peak to Peak

    Keep reminding yourself that everything in your life moves in cycles and trends. Be calm, confident, and relaxed with short-term fluctuations in your fortune.

    Secret #15 Practice Self-Discipline in all things


    Self-discipline is the ability to make yourself do what you should do, when you should do it, whether you feel like it or not.ELBERT HUBBARD

    Secret #16 Unlock your inborn creativity


    Imagination is more important than facts - Albert Eintein

    Secret #17 Get around the right people


    FULLY 85 PERCENT of your success and happiness in life is going to be determined by the quality of the relationships that you develop in your personal and your business activities. The more people you know and who know you in a positive way, the more successful you will be and the faster you will move ahead.

    Secret #18 Take Excellent Care of Your Physical Health


    Sound mind in a sound body

    Secret #19 Be Decisive and Action oriented

    Secret #20 Never allow failure to be an option


    There is nothing to fear but fear itself. - franklin d. roosevelt

    Secret #21 Pass the Persistence Test


    Resolve in advance that you will never give up, no matter what happens. Honda started with making spare parts for Toyota.

    Stephanie P. Caragos President & CEO Syntactics, Inc. [email protected]

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