In the article “Are Successful Entrepreneurs Born or Made?” Jeff Sandefer talks about an experience he had when trying to find out what it was that made an entrepreneur successful. Was it skill, character or luck?
There were a couple of quotes from the article that I’ve added to the Quotes to Keep page, but I also wanted to elaborate on them a little bit.
The first, and my personal favorite, was “It is adding value to the lives of customers and employees that builds great businesses.” If what you sell or if the service you provide adds value to someone’s life, that’s great. What’s more important is that you take that value very seriously. It should matter as much to you as it does to them.
I know a girl who has started many different business and hasn’t been super successful in any of them. The reason is that, even though the services she has offered have added value to others’ lives, she didn’t care as much about that value as she did about how much they would pay her for it. Not only should your product or service add value, but you need to recognize and acknowledge that value. It should mean as much to you as it does to them.
The second quote I liked was “Entrepreneurial success isn’t about money; it’s about freedom. The goal isn’t to make more than you need, it’s to spend less than you make. Because that way your free time belongs to you.”
When we go into business to help others and truly add value to their lives, our lives are enriched in the process. Touching peoples lives and making them better helps us to appreciate our own time and use our free time wisely. It’s not about the money we make but about the difference we make instead. It’s about having the freedom to be able to make that difference.