The Art of Entrepreneurship # Webinomychat

Webinomychats is a weekly live Q&A session with technology professionals to discuss and debate the most pressing issues in business today.

Entrepreneurship is a journey of self-discovery and personal growth. It’s a way to live life with passion, purpose, and meaning. Entrepreneurship can be defined as “the art of entrepreneurship.” Webinomychat is an online platform that allows entrepreneurs to connect with like-minded individuals.

Every company begins with an idea, a willingness to try, and a desire to succeed. Many people believe that having a sound business plan is the most important factor in achieving success, however this is one of the most prevalent misunderstandings. Without a question, a sound business strategy is critical, but the truth is that a successful company starts with a mindset and a way of thinking. The most successful entrepreneurs are able to turn their thoughts and ideas into long-term ventures that generate a lot of money. That is why they are “true artists,” capable of creating a masterpiece based on nothing more than opportunity, drive, and a love and respect for what they do.

John Rampton @johnrampton, the creator of Due and a contributing writer for Entrepreneur, TechCrunch, Forbes, and Inc., joined our fellow SEMrush Chat participants to discuss the art of entrepreneurship. He spoke about his personal experiences, daily routines, role models, and a few recommendations that helped him become a successful entrepreneur and one of the most prominent internet gurus.

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This is a question that will almost certainly always be relevant. Is it true that entrepreneurs are born with particular talents, willpower, and ready-made business ideas? Is corporate success beyond the control of others? We inquired whether they believed in the so-called “entrepreneur gene” in our online conversation.

Q1. Entrepreneurs are unquestionably created through time. The people who work hard and never give up are the ones who will transform the world. #SEMrushchat

April 13, 2016 — John Rampton (@johnrampton)

Many of our visitors, many of whom are entrepreneurs, believe that superpowers are rare and that only those who work really hard can reach their objectives and become entrepreneurs, or whatever they want to be. It’s not simple to run your own company. You’ll have to give up some of your free time, even weekends, at times. You must also be willing to fail and have the will to never give up.

A1: It’s a mix of the two. Entrepreneurs have the proper skills and the good fortune of being in the right situation/opportunity at the right time. #semrushchat

April 13, 2016 — Jacques Bouchard (@jacquesbouchard)

We must acknowledge that nature has given each of us a unique set of features. That is why we are so different, why some of us want to be nuclear scientists while others choose to sing. However, just because you desire to be an entrepreneur doesn’t imply you can. “Both optimists and pessimists contribute to society,” George Bernard Shaw famously stated. The pessimist invents the parachute, while the optimist invents the aircraft.” We all have strengths and limitations, but we control our own destiny. “Struggles, aspirations, ideas, enthusiasm, and hustling are what make entrepreneurs,” says Pratik Mohapatra @mohapatrapratik.

A1) Depending on childhood & environment. I was raised in Germany w/ employee mindset. I am 4 sure self made and still learning #semrushchat

April 13, 2016 — Dagmar Gatell (@DagmarGatell)

Family, friends, society, and the environment all have a significant effect on a person’s life, particularly during childhood.

A1) Some are born with the mindset & determination but then others are made with the challenges and adversity they face in life #SEMRushchat

April 13, 2016 — Jesse Teske (@JesseTeske)

Some individuals are naturally bold, while others are naturally cautious. Unexpected things can happen, as Dawn Anderson @dawnieando noted: “There are remarkable stories of great businesses that persisted despite all obstacles.” And Tim Capper @GuideTwit feels that everyone is born with an entrepreneurial drive to some degree: “Everyone has an entrepreneur in them — the only difference is the size.”

Sergio Redondo @sergio redondo made a good point when he said that an entrepreneur isn’t necessarily a businessman:

A1: However, being an entrepreneur does not necessarily imply starting a business: it is a way of life, a desire to try new things. #semrushchat

April 13, 2016 — Sergio Redondo (@sergio redondo)

As we’ve seen, most people believe that anybody can become an entrepreneur, despite the fact that entrepreneurial spirit, drive, and a little luck are all crucial.

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You must be courageous and dedicated, work hard, believe in yourself, and never give up. It’s difficult, but it’s worthwhile!

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We invited John and other discussion participants to share their successful business habits and strategies. Jim Rohn, a talented entrepreneur, motivational speaker, and author, was cited by Dawn Anderson @dawnieando as saying that the recipe for success is simple: you only have to practice certain basic disciplines every day. I couldn’t agree with you more. The following suggestions may not produce miracles, but if you execute them on a daily basis, you’ll see significant improvements inside and around you.

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Start doing what you’ve always wanted to accomplish instead of letting the grass grow beneath your feet.

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Business owners, particularly those who are just starting out on their entrepreneurial journey, often look up to those who have succeeded. It was fascinating to discover whether any of our visitors had particular role models. In addition, Entrepreneur has compiled a list of notable non-business role models for entrepreneurs.

A3. @BillGates is someone I admire. Make it and give away the majority of your wealth several times before returning. I’d want to see more people participate in #SEMrushchat.

April 13, 2016 — John Rampton (@johnrampton)

Bill Gates is well-known for his charitable activities in addition to being a successful entrepreneur, computer programmer, and business leader. He distributes vaccinations to children in developing countries, invests in research, works to enhance online education, and participates in a variety of charity initiatives.

@garyvee (A3) I know the most down-to-earth, straight-talking, and helpful entrepreneur I’ve ever met. #semrushchat

April 13, 2016 — Rachel Howe (@R8chel Marie)

In only five years, Gary Vaynerchuk grew his family’s wine company from $3 million to $60 million in revenue. Today, he is the CEO of VaynerMedia, a digital business, and the presenter of the famous #AskGaryVee Show, in which he answers questions from his online audience. These inquiries usually revolve on business, branding, marketing, and social media. He is also a best-selling author for the New York Times and the Wall Street Journal. Clearly, a gifted individual is gifted in all areas.

Elon Musk and his brother founded Zip2, a software firm, in order to follow their entrepreneurial dreams. Elon Musk’s first million came from this firm, which he sold for $22 million. Today, this Tesla Motors CEO and product architect, as well as CEO and CTO of SpaceX, serves as a role model for many entrepreneurs who respect his extraordinary accomplishments.

Some of our conversation participants noted that, regardless of their celebrity, there are many individuals who may inspire and encourage us.

Mentors for A3 students may be found in a variety of settings; they don’t have to be in a made-for-TV movie to inspire. #SEMRushChat

April 13, 2016 — Bill Slawski (@bill slawski)

A fantastic role model to look up to might sometimes be a coworker or supervisor. Role models, according to Dawn Anderson @dawnieando, are people that “walk the walk, not just speak the talk”: “People who walk the walk, not just talk the talk, receive respect from me.”

Honesty and integrity are two extremely significant factors that matter and may help you get respect. Besides, as corny as it may seem, what goes around comes around.

A3: My grandpa was a well-known businessman (God bless his soul). #semrushchat @semrush He was ethical, honest, giving, and genuine.

April 13, 2016 — Amel Mehenaoui (@amelm)

Other role models mentioned by our visitors are included in the following summary.

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These guys work in many fields, yet their enthusiasm and great love for their profession binds them together. Whether you’re interested in internet marketing, music, technology, or aerospace production, you may succeed if you like what you’re doing.

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We noted at the outset that many entrepreneurs start their businesses with little more than an idea and a few resources. You’re excited to start your own business, but you’re also nervous since you can’t anticipate the outcome. As a result, we wanted to see whether it’s feasible to predict whether or not your concept would succeed.

Our conversation participants agreed that there is no one-size-fits-all approach to success, and that the concept of success is unique to each person. “First and foremost, the entrepreneur must define success for themselves. “Are they willing to pay a price?” says the narrator. @Tony DWM Tony Dimmock explains.

“The concept is new, intriguing, can address an issue, and the execution is not hard and pricey,” Amel Mehenaoui @amelm said as a way to tell good ideas from poor. If no one else is doing what you’re planning to do, you’re undoubtedly thinking of something terrific and creative. The same is true (is true?) when someone else is already doing it, but you know you can do it better. Every outstanding company concept does not have to be one-of-a-kind. A successful company might be built on an existing concept that has been refined and redesigned. You’re on the correct road if the product you’re going to sell is better and addresses more issues.

A4: with a little effort and the typical blood, sweat, and tears, any concept may succeed in the right hands… #semrushchat

April 13, 2016 — Agent Palmer (@AgentPalmer)

The best concept in the world won’t help you succeed if it’s badly executed. An idea is nothing more than a hypothesis or a theory. “Most ideas are wonderful in principle,” says Brandon Seymour @Beymour, “but the ultimate success of a concept rests mainly on how effectively it’s executed.” You must carefully assess your prospects, efforts, and resources, investigate your concept, consider all parts of your prospective product, and then put your creation to the test. You must also be prepared for setbacks and errors; even the most meticulous strategy does not always guarantee success.

A4: I believe that thorough market research and testing before to launch will provide you with the answers you need #semrushchat.

April 13, 2016 — Rachel Howe (@R8chel Marie)

When launching a company, market research is one of the most important things to do. Some new entrepreneurs believe their concept is perfect, so they skip this phase. It’s great to believe in oneself, but it’s much better if you can back it up with study and analysis. Analyze your prospective clients and learn about your competition. 

A4. You establish objectives and then see whether you reach them, but getting traction is about more than simply the concept. #semrushchat

April 13, 2016 — Reva Minkoff (@revaminkoff)

Setting clear objectives is also necessary for success; if you create realistic and well-defined goals, you will achieve more.

To sum it up, I’d want to quote our very own Oleg Shchegolev @aramisguru, with whom I’m sure many other successful entrepreneurs would agree:

If you want to learn more about the subject, go to Inc.com and read the article ” 5 Ways to Know If Your New Business Idea Will Really Work.”

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Set objectives, do market research, don’t be scared to fail, learn something new every day, and follow your desires. You can turn your concept and prospects into a profitable company by following these easy but crucial guidelines.

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Achieving a work-life balance may seem to be an insurmountable challenge. Even yet, it’s critical; all medical professionals believe that accumulative stress from long and arduous workdays poses a severe health risk. True, owning a company necessitates long hours of labor, but you must also find spare time in your hectic schedule. Your body and mind need to relax at least once in a while. We asked business owners and workers for their tips on how to develop healthy lifestyle habits and avoid being a workaholic.

A5. Work-life balance is defined as having enough time to spend with the people, things, and places you want. For me, it means spending time with my family! #semrushchat

April 13, 2016 — John Rampton (@johnrampton)

One of the greatest definitions of work-life balance is this. It’s also encouraging to know that some successful businesses are capable of doing this. Let’s keep it going!

Even still, several of our visitors said that striking such a balance is tough to accomplish if you are passionate about your work. Many other discussion participants agree with Oleg Shchegolev @aramisguru: “It is really tough to maintain a work-life balance when you are enthusiastic about your career.”

A5: Be ready to delegate tasks and invest in educating your staff so that they can accomplish more of the job that only you can do. Make your family a priority. #semrushchat

April 13, 2016 — Jacques Bouchard (@jacquesbouchard)

When a business expands, the proprietor can no longer do everything on his or her alone. A successful entrepreneur realizes that delegating certain work to others is preferable. Even in a small business, it’s preferable to have numerous workers assigned to various tasks, since no one person should be responsible for everything.

A5 Don’t waste your time on jobs that aren’t important. If blogging isn’t working for you, don’t commit to 5 articles per week #semrushchat.

April 13, 2016 — Brandon Seymour (@Beymour)

If you’ve observed that any of your hobbies aren’t yielding much, don’t waste your time on them. Try to stay away from such time-consuming tasks. Concentrate your energies on something else that might be more valuable and productive. 

Perhaps the term “work-life balance” is a misnomer. Some experts believe it is a myth:

A5 Work-Life Balance, in my opinion, is a fallacy. The best we can do is separate our business and personal lives and try our best to maintain boundaries. #semrushchat

April 13, 2016 — Zala Bricelj (@ZalkaB)

Set hard boundaries and limitations, such as not working at home or late at night, taking short breaks, and not eating in front of the computer. Yes, there are times when we don’t have an option but to breach the laws in order to finish a project or fulfill a customer’s request. You may work a handful of nights every month, but don’t overstep your bounds too frequently.

@BecomeKnown’s James Yorke reminded us of the need of excellent time management and suggested a few handy tools:

You may also listen to your body and mind, as advised by Reva Minkoff @ revaminkoff: “Also listen to your body and mind — you know what you need.” That should be non-negotiable.” This is a great argument since you are the only one who fully knows what you need and want. Finally, keep in mind that stress has a negative impact on your health.

A5: Setting aside some time for yourself. Take good care of your health. Allow yourself to be present in the moment. Taking a deep breath #semrushchat @semrush

April 13, 2016 — Amel Mehenaoui (@amelm)

In his post, John Rampton offers excellent advice on how to run a healthy firm by keeping your staff happy and creating a work-life balance.

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Even though achieving a suitable work-life balance seems to be challenging, you should make an effort to devote more time to other essential elements of your life.

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Finally, we invited our conversation participants to visualize their history and consider what they would alter if given the opportunity. Many respondents said that they would have established their own firm and put greater emphasis on schooling if they could.

Some individuals regret not making a change in their life sooner, while others believe that everything happens for a reason.

There have been a lot of discussions recently among marketers about concentrating more on people and less on sales. This is something that many of our conversation participants agree on:

A6: We needed to focus on people rather than the product. Great teams produce fantastic results. #semrushchat

April 13, 2016 — Oleg Shchegolev (@aramisguru)

Owners and marketers must ensure that their consumers get the greatest product and service possible. Instead of trying to sell them something they don’t need or want, offer them something they do. Talk to your consumers, according to Reva Minkoff @revaminkoff: “Talk to your customers — don’t be scared to undertake surveys and put yourself out there.”

#semrushchat A6 @semrush I would have spent more time doing what I like. I’d spent more time on myself and my objectives.

April 13, 2016 — Pratik Mohapatra (@mohapatrapratik)

Today, we have a plethora of options. Only those who aren’t frightened of change and danger will be able to reach their full potential and realize their goals. Job that you like is the finest work, therefore attempt to transform your interest into a profession. ThinkSEM @ThinkSEM reminds us that we have a life outside of work: “Probably the most important thing would be concentrating on life rather than simply work.”

A6) Having a little more self-assurance. I pushed harder for what my instinct was telling me to do as quickly as possible. #semrushchat

April 13, 2016 — Jessie *j2* Swinger (@j2MiA)

Be more self-assured and secure in your talents.

Let’s summarize the responses to our last question!

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Being an entrepreneur is difficult, but reaping the benefits of your efforts is well worth the effort. You will develop a true masterpiece if you construct your company around your principles and passions and attempt to achieve something that no one else has done before.

Thank you to our special guest John Rampton @johnrampton, as well as everyone who took part in the talk!

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