Hello, everyone. This is Alejandro Cremades, and today we’re going to be talking about
the qualities of highly successful entrepreneurs. Let’s face it; history repeats. There are
patterns, there are different ingredients, and things that really come into place that
showcase certain things that super-successful entrepreneurs have in common. In today’s
video, we’re going to be covering those so it gives you a better idea of certain things
that you can apply to yourself and to your own journey so that you really make it happen.
With that being said, let’s get into it. Knowing how to delegate: It’s supercritical
because you, as an entrepreneur, you’re going to be many, many times, you could put
your head above water because there’s so much going on. Here’s the thing: first,
before you even delegate, and you think, “Oh, if I had someone else to come and help me,
this would be so great; it would be so easy,” you need to first understand it yourself.
What does it take to perform that task and to deliver and to execute on it? Once you
truly understand, at that point, you’re bringing someone who takes it away from you,
you delegate it to them, and then you manage to make sure that they’re delivering. But
you should never delegate something unless you really understand how to do it yourself.
Learning different ways of leadership: Here’s the thing. You, as an entrepreneur, are going
to transform yourself, and you need to grow at the same speed in which the company is
growing. Otherwise, the company is going to outgrow you, potential investors are going
to kick you out of the business, and that’s going to be a very bad picture.
So you need to understand what it’s going to take, and the greatest entrepreneurs do
this – what it takes on being the CEO and the founder of an early-stage company versus
being the CEO and founder of a growth stage company that is looking at expanding. There
are going to be different skill sets that are going to be required. There’s going
to be a different team that you need to be building from early stage all the way to growth
stage. Those are all critical things that you need to understand. Then, the type of
leadership that you apply in each and every step of the journey is going to be different
because the company is going to require and have different needs.
Also, not getting married to the outcome: This is a really important one. Some of the
best entrepreneurs at doing an acquisition of their business are those that are not attached
to the outcome because when you’re not attached to the outcome, whether it’s selling your
business, at closing a deal, at closing a partnership, you really have that confidence.
When you show desperation, when you’re giving yourself in at whatever price is when you’re
going to miss the mark, people are going to get advantage, and you want to avoid that.
Some of the best entrepreneurs that I have seen, especially when it came to selling their
business, they knew that whether with that first party that was acquiring them or without
that party, they were going to succeed no matter what. That confidence is something
that people love. Again, never being attached to the outcome is an incredible quality that
some of the best entrepreneurs master. Next is focusing on the execution. Those entrepreneurs
that are super-successful are laser-focused on understanding what it is going to take
to be successful in the next 18 to 24 months, and then reverse-back engineer to where they
are today so that they can deliver, so they can achieve the milestones that are needed
and that are on the way, and to take things to the next level.
You want to avoid distractions. Anything that is not going to be pushing the needle for
you that is going to push that metric that is going to showcase the health and the growth
of your business is definitely something that you wouldn’t put down on the priority.
Again, in many instances, you’re going to see some of the greatest entrepreneurs that
say, “You just need to say no to a lot of things and to a lot of distractions.” That
focus is going to be critical and something that the best entrepreneurs really, really
master. Being amazing at storytelling: This is one
of the greatest things of those super-successful entrepreneurs because storytelling is everything.
It’s all about people seeing that there’s a future for them in the business. Whether
you’re looking at recruiting, whether you’re looking at onboarding investors or potential
customers, it is all about the possibility that you’re showcasing. The possibility
that you’re explaining for people to jump in and take it on. So, storytelling is critical,
and people like Steve Jobs or Elon Musk have been super-successful at this.
Accountability and commitment: This is another key ingredient of super-successful entrepreneurs
that they share. This is going to take a ton of sacrifice. It’s five to seven years until
you’re seeing things that are successful. There are going to be many lessons learned,
many failures where you’re going to have to get back up, but again, being accountable,
being committed to the outcome and to that outcome of something successful, something
meaningful, putting a dent in the universe, that is what drives super-successful entrepreneurs
because they envision and really see a potential future that they can create and paint in different
colors that they’re not seeing today, and that, at the end of the day, that accountability,
that commitment is what helps them in taking things to the next level.
At the end of the day, if you need to hire people, if you need money, if you need business
development deals, it doesn’t matter; you need to go wherever that is. Either you have
to move, or maybe you have to go to an accelerator program for three months. You do whatever
it takes to take things to the next level. That immigrant spirit is what is going to
push you, what is going to drive you, what is going to create that ambition, and that
is something super interesting that many of the most successful entrepreneurs have in
common. The next is, great listeners. The best entrepreneurs
are so good at listening, and it’s not about listening for looking good, for giving the
right answer, it’s listening for fulfilling concerns because concerns are, at the end
of the day, what separates you from getting that deal done, whether it’s bringing onboard
a new employee, a financing round that you’re closing, a business development deal or a
partnership that is going to take the distribution to a whole other level. But listening is really
what it takes. I would love to hear on the comment section
below any other qualities that you’ve seen from super-successful entrepreneurs. Also,
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that you would very much enjoy it. Thank you so much for watching.