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    13 May 2011

    Personal GrowthIt has been said that in order to be an entrepreneur a person has to be selfish and self-centered so that they can achieve their goal. While success in any field requires dedication and focus it is disingenuous to tar all wannabe entrepreneurs with this rather outdated brush.

    The truth is somewhat different. In reality, to become successful a person has to develop a number of characteristics that are all positive and will in fact help that person become a more rounded human.

    The bottom line is that becoming an entrepreneur can assist personal growth in a number of ways that are key not just to successful business but also to the enhancement of an individual’s standing.

    Sacrifice

    To be a successful entrepreneur there is little doubt that sacrifices will have to be made. These could be a reduction in social life, getting up earlier than you might ideally like or working away from home. None of these situations should be forever, but many successful businesses require a much bigger commitment than the normal 9 to 5 of the world of the employee. Understanding and experiencing this can help the entrepreneur grow as an individual as they learn the importance of sacrifice in certain situations and how sometimes present hardships and inconveniences are not just inevitable but should be welcomed as they can help guarantee a brighter future.

    Decision making skills

    Another way in which the entrepreneur can develop their personal growth is through the process of decision making that is central to successful business. Being an entrepreneur means having to make a lot of decisions, some harder than others. This helps build judgement and a willingness to take those tough decisions when they come along. Becoming a person who does not shy away from decisions and can take control when others are hesitating can help personal growth.

    Confidence

    In many ways the one single attribute that separates those who succeed and those who do not is not money, influence or knowledge but confidence. This is not to be confused with over-confidence or arrogance, but rather is a core belief in oneself. After all, if someone does not believe in himself or herself how could they possibly expect others to believe in them? Self-belief translates into confidence that in turn equates to a more fully developed individual. Confidence in oneself is contagious and a person is much more likely to inspire trust and faith in others if they can see that person truly believes in what they are doing.

    Planning

    This may be somewhat of an umbrella term, but in the case of an entrepreneur it means the ability to formulate a clear, concise and robust business plan that is easy to explain to others (whether that be bank manager, investors or friends). The ability to have a clear plan means that the goals are always in site and a business is much less likely to go off the rails. This ability to plan well is a great way to build personal growth as it helps create clear thinking as well as the real-world benefit of making the most of time so friends and family do not suffer from a badly planned business.

    Always Learning

    Being a successful entrepreneur means never standing still. No one can know everything and therefore there is never any excuse to stop learning. The business world, just like the world in general is continuously changing and developing. It therefore does not just make business sense to keep abreast of new and interesting developments, but this thirst for knowledge can also be a great aid to personal knowledge that in turn will really benefit an individual’s personal growth.

    Networking

    A term that sometimes has a negative connotation, networking is in fact a great skill to posses. Not only in the business world where it makes the development of new businesses so much easier, but when these skills are transferred to the personal realm, they make for superb social skills which can make interactions much more pleasurable. As personal growth involves not just the inner being, but the ability to communicate as part of a community, the level to which an individual can engage with people from a wide selection of backgrounds can really help enhance the social experience.

    Energy

    Often overlooked, the ability to generate energy is of fundamental importance, after all, the greatest car in the world won’t go anywhere without fuel and the same applies to the entrepreneur. This should not be confused with caffeine or currently fashionable “energy” drinks. Real energy does not come from products, but from within. It is generated by a belief in what the business involves as well as its potential. This creates a sense of energy that not only powers the business forward, but also is infectious. This attitude can really enhance personal growth by helping develop a can-do attitude.

    Overall, entrepreneurship can truly impact your personal growth in a positive way. Between learning from others through networking but also learned about yourself through the trials and tribulations of the field, being an entrepreneur is surely an educational experience.

    How has entrepreneurship affected you?

    About the Author: Jeremy Price is a freelance writer for Allstate.  Allstate provides affordable auto insurance. Jeremy lives in California with his wife and son.

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    12 Responses to Being an Entrepreneur can Encourage Personal Growth

    1. aleman May 13, 2011 at 4:09 am #

      nice,good ideas

    2. jordan May 13, 2011 at 11:53 pm #

      I agree completely and feel that entrepreneurs have the ability to change this economy around

    3. Caroline May 17, 2011 at 9:28 am #

      This is a great example of what it truly takes to be a successful entrepreneur.

    4. EO Alchemy May 17, 2011 at 2:24 pm #

      Through years of doing business these are good points not only for start up entrepreneurs but those who have been around a while. It’s always smart to take a pause and look inside to see if you’re staying focused like this.

    5. Sweaty Palms And Feet May 18, 2011 at 5:50 am #

      What this article said is true! I agree to it… when your starting a business you have lot of question and making decisions, planning and confidence that you will make sure you make everything work out and trust to the people that work for you..

    6. Markus Jalmerot May 20, 2011 at 7:05 am #

      I love the freedom, but also the decision making you need to engage in. It’s a lot of responsibility to build your own company, but also very exciting when you grow..

    7. itranscribe May 24, 2011 at 3:26 am #

      This is definitely a very motivational post. I just love reading of these kind to motivate me more in life for getting to the top. I really admire your line “to be an entrepreneur a person has to be selfish and self-centered so that they can achieve their goal”.

    8. Yoplait coupons June 20, 2011 at 5:48 pm #

      Couldn’t agree more – it takes a lot to be an entrepreneuer but it also gives you a lot you can take to your other endeavors.

    9. Jimmy/Life Architect September 24, 2011 at 3:51 pm #

      Entrepreneurship is the the future of success for all. Jim Rohn said this, “Profits are greater than wages, Wages make you a living, but profits make you a fortune.” There is every implication here that all of us must have some form of entrepreneurship going in our lives even though we may be holding onto a full time job. For those who crave success there is no other way. Hence these qualities mentioned here by you become extremely important to embraced and/or develop. I would also add a willingness to really try new things even though others might think it is crazy.

      Cheers

    10. DragonLeaders December 12, 2011 at 9:00 am #

      In a “who wants to be a millionaire” culture, it is important to remember: it is less about what you do but than who you become.

    11. InsuranceQuotesForMe February 22, 2012 at 2:17 pm #

      I’ve been running my insurance site for the last 5 years and the thing I’ve found that separates entrepreneurs from other people is that we do the things other people don’t want to do. Most of my friends would rather get 8 hours sleep every night, where sleep is a foreign concept to most entrepreneurs, especially starting out.

    12. Sheevaun February 26, 2012 at 8:55 pm #

      Nicely stated. I always tell my entrepreneur clients that your inner journey will be reflected in your business. What you are avoiding or what you are facing will reflect in the employees, products and message.

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