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Having the right frame of mind is crucial if you’re going to succeed in the business ventures that you undertake. Truly successful entrepreneurs must do what is necessary to succeed. We have to adapt and learn from our mistakes. And while entrepreneurs come in all shapes and sizes, there are many similarities to be found among the people who become successful.

Here are five statements that can be made by successful men and women in the business world. While you are reading these statements, consider whether or not you are able to say the statement with confidence. If not, all is not lost. Determine to learn something new and challenge yourself in the coming year.


Five Things Truly Successful Entrepreneurs Can Say


“I know that it’s okay to make mistakes.”

Success is not guaranteed and zeal alone cannot drive you. You have to be willing to fail on the road to success. I call it noble failure, because instead of running and hiding, we stand a bit taller and are a bit wiser from this failure.

You should know that taking risks is just a part of entrepreneurialism. As long as you’re taking risks while operating in wisdom and actively learning, then you will either succeed or experience noble failure. And if it’s the latter, you’ll get up and try again.

All in all, you must be able to say that mistakes are okay.

“I can make decisions.”

Decision-making is integral to the job description. Should you lease office space? Hire employees? Borrow money or utilize savings? Incorporate? Advertise? From day one, you will be making decisions and they only get more involved as time goes on.

Great entrepreneurs  are not afraid to take charge and make decisions.


“I’m ready and willing to wear many hats.”

Entrepreneurs juggle many roles from contributing as head salesperson, to bill collector, to marketing manager, chief, etc. It will take a long time to get to the place where you can fill every role with someone qualified. Until then, you must be able to contribute in whatever way is necessary to enhance success for your venture.

Keep in mind that you will not play every role well. That’s okay. You simply need to be willing to experience the position and handle the work load until you can hire someone competent.


“I can’t do it all on my own.” 

Keeping the above in mind, successful entrepreneurs also realize that they can’t and shouldn’t do it all on their own. They have the humility to let others take over in areas where they do not excel. They’re not afraid to hire other leaders because they have the vision to see a large future for their business.

Entrepreneurs also know that they can’t do it all without a supportive group of friends and family.


“I make sure to balance work and life.”

A common mistake made by many young entrepreneurs is working yourself dry. Don’t get me wrong: starting a business takes a lot of work. But successful entrepreneurs know how to balance work while making time for themselves, cultivating other interests, and spending time with family and friends. By creating boundaries and not allowing your work to control you, you will instead take control of your work.

When you put some distance between you and the business, you’ll find that you are able to go the distance.


Are you able to say these five statements confidently? If so, you are in a great position to become a truly successful entrepreneur. I hope you’ll consider working on the areas where you struggle to have confidence. Remember: you always want to be learning and adding value to yourself.

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