Entrepreneurs come from every conceivable background: every ethnic group, economic class, education level, and physical ability; almost every age group, and both genders. Some come from generations of business owners, while others are the first in their families to ever consider starting their own business. Among the ranks of those who call themselves entrepreneurs are inventors, programmers, and artists, while others excel at building teams, selling, or devising marketing plans. It is difficult to come up with a description of what a “common” entrepreneur looks like or acts like, or to pinpoint the necessary skills or experience one must have. In fact, there is an endless list of differences among entrepreneurs, but there is one thing all entrepreneurs have in common: Vision.
Why is vision a universal entrepreneurial trait? It is because the purest definition of an entrepreneur is: “Someone who starts a business with a great deal of initiative and potential risk.” These individuals’ willingness (and desire) to take that initiative and assume that risk sets them apart from everyone else in the world.
Every entrepreneur has experienced this feeling. Sometimes it’s a spark that springs to life while brainstorming with a business associate; other times it’s a surge of inspiration while in the shower, or that ah-ha moment that wakes you from a sound sleep. It’s the first glimpse into the very essence of possibility—and the feeling is indescribable. Some people have even called it spiritual. The feeling takes hold the moment you sense that you’re onto something amazing, and ignites when you realize it could be something huge. That realization—that picture in your mind of future possibilities—is what vision is all about. Though an initial spark is an essential ingredient, there is much more to being a successful entrepreneur than having and maintaining that vision. The unfortunate reality is that there are plenty of people who have the “big vision moment” but who never become entrepreneurs—because they don’t have the passion needed to sustain this vision long enough to take action. There are also people who get started but who lack perseverance, and therefore falter when obstacles arise.
Turning your initial vision into a viable business has everything to do with your level of passion and ability to keep moving forward, even in the face of challenges. Without passion, it is easy to become discouraged from pursuing your plans by other priorities and self-doubt when difficulties arise. Your mind-set ultimately dictates your actions, so operating with one that is anything less than dedicated unwaveringly to your future as a business owner will cause you to struggle to take the actions necessary for your success.
Every entrepreneur in the world comes up against challenges in his or her business. No matter how carefully you plan; no matter how great you are at what you do; and no matter how hard you try to make sure everything always goes smoothly, unexpected trials will test your vision. The many successful entrepreneurs I have known from a variety of industry sectors, backgrounds, and areas of the world have almost all credited their perseverance as the most significant element of their success. They claim that their ability to maintain their vision and a positive mind-set in the face of adversity has been the X factor that has made all the difference in their eventual achievement or failure. Their vision was big enough to carry them through the hard times, so it overshadowed any doubt that crept in along the way. In fact, these kinds of challenges are exactly what cause many entrepreneurs to thrive.
Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion — Jack Welch