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Secrets to the Success of Famous Entrepreneurs

Daniel L. Jacobs, an author who has been mentored by world-renowned entrepreneurs, recently shared some intriguing insights into the world of startups on Business Insider.

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7 January, 2024

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Author Daniel L. Jacobs, who has had many opportunities to learn from famous entrepreneurs around the world, recently shared some interesting insights into entrepreneurship on Business Insider.

Usually, those who dare to start a business often have a big ego. However, it is important to remember that ego is not as important as progress day by day – Photo illustration: Business Insider

These are the things that most talented entrepreneurs remember and practice, while others do not:

It’s all about the people factor

Not all founders start with great ideas. But they know how to always be close to people who are better, who can fill in the gaps in their thinking, allowing new ideas to develop and drive them forward.

Ego is not as important as progress

Usually, those who dare to start a business often have a big ego. But only successful entrepreneurs know how to carefully set aside their ego, act for goals, a common vision, and strive for progress day by day.

A vision must be as firm as a rock, unchangeable or broken

Strategy is something that can change from day to day, from certain stages. But to go the whole way, you need to concentrate so that the vision is always firm.

Competition is not always appropriate

Entrepreneurs know that competitors always exist, even they follow and study their competitors. But they also have the intelligence to understand that greatness lies in their own path, not in competition.

Chicken cages are just chicken cages

Starting a business is a difficult path, many “chicken coops”. But whenever they fall, they always remember where they are to continue moving forward.

Moments of glory are not really glory

In the moments of being congratulated for success, talented entrepreneurs have a tendency to not consciously focus on current success, because they realize that there is always a gap between what they have achieved and what they want to achieve. So they simply, humbly continue to act for future goals.