8 Self-Made Entrepreneurs On How They Made Their First Million (2023)

What does it take to become a millionaire?

The elusive American dream might seem far-fetched for some, but it’s a reality for many others. According to the online casino guide Slotsia, most millionaires are self-made by age 36. They didn’t inherit a vast fortune or win the lottery – instead, they relied on hard work and creativity.

Perhaps there’s no more famous example than the world’s richest man: Amazon founder Jeff Bezos.

In 1994, Bezos read that internet usage grew by 2,300% in a single year. Bezos knew he must capitalize on this opportunity, so he left his hedge fund company to create an online bookstore. In 1997, Bezos was 33 when he raised $54 million from Amazon’s IPO. He became a billionaire only two years later.

Bezos’s story, like that of most entrepreneurs, is extraordinary. Every self-made millionaire found a different way to strike it rich, but they all have one thing in common: they put in hard work to make it happen.

We asked eight self-made entrepreneurs to share their stories of how they made their first million. Here’s what they said:

1. I made a LOT of calls.

8 Self-Made Entrepreneurs On How They Made Their First Million (1)

Making my first million in sales was a lot of hard work. I tried the traditional sales funnel and webinar approaches but gave up after 37 failed attempts. Then, I did two things that made all the difference:

  1. Hire a mentor.
  2. Jump on the phone.

My first sales and marketing mentors were monumental in the growth of my business and personal life. So, I hit the phones.

I made non-stop calls every day. I called everyone that registered for any of my ads, webinars, or lead magnets. It sucked a lot in the beginning. But after a few thousand dials, a few hundred decent conversations, and a few sales, I learned how to better communicate with my prospective clients.

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Then I turned up the ad spend. Six short months later, we had ticked over our first million dollars in cash sales.

It wasn’t easy, but that led me to learn all the skills I needed to be able to push myself and my team to new heights and take our business to the biggest it’s ever been. So I’d never change that whole experience, though my adrenal glands might have something different to say about it. This experience shaped the way I do business and grow my companies today.

Kim Barrett, world-renown social media marketer, best-selling author, trainer, speaker, and founder of Your Social Voice – a company that helps clients generate leads, engagement, and sales through digital marketing.

2. I kept trying until something worked.

8 Self-Made Entrepreneurs On How They Made Their First Million (2)

My most important lesson was to have discipline and never give up. I tried and failed many times on the way to my first million, but never gave up. Despite my defeats, I always put eight or more hours into my goals every day, which led to many sleepless nights.

The breakthrough came when I got to know online marketing and put a lot of time and money into it. I applied this knowledge to sales for various blockchain companies by creating automated webinars that run 24/7 for them. Then, I sent traffic to these webinars using PPC traffic, and at the same time, I passed it on to my teams, which created an organic reach. This enabled us to reach hundreds of thousands of people in a few months and generate a lot of income.

Another critical insight that made me make a million is to become an expert in a niche and find mentors who have already reached this path.

Sergej Heck, cryptocurrency expert, founder, and CEO of FinTech investment platform MarketPeak and decentralized finance app PEAKDeFi.

3. I utilized the power of eCommerce.

8 Self-Made Entrepreneurs On How They Made Their First Million (3)

I made my first million by picking a fast-growing niche (Amazon sellers), building a super-reliable product to serve that niche (Kenji ROI’s Amazon listing optimization and ads services), then scaling it through systematized content marketing (SEO, podcasting, guest webinars).

(Video) I went from $1,000 to 8 Million - My Story

I left my carpentry job to start a business to create product brands to sell products on Amazon. I broke the six-figure mark four months after launching but faced the hard cash flow realities of an eCommerce business. The more it grows, the more money it needs to grow more!

That, coupled with the dangers of holding large amounts of inventory and potential Amazon account suspension, led me to start my agency Kenji ROI, taking advantage of my Amazon skill set to serve other brands.

My keys to growing the agency have been:

  1. I invested heavily in mentors who can get me to the next level. At every stage of agency growth, I hired someone who was at the next level higher to show me the ropes.
  1. Content marketing: Between the Actualize Freedom Podcast and many SEO articles, I have solid inbound leads for my agency without having to pay for any ads.
  1. Hiring myself out of a job: I aggressively systematized and hired my way out of everything possible in my agency and continue to do so. In periods where I wasn’t doing this, the growth stopped!

Danny Carlson, podcast host, entrepreneur, and founder and CEO of Kenji ROI, a company that helps users optimize Amazon listings through SEO, images, copywriting, and keyword optimization.

4. We found a unique business model that worked.

8 Self-Made Entrepreneurs On How They Made Their First Million (4)

Back in 2016, we were just two broke college students looking for any way to avoid the dull, cubicle-ridden career that laid ahead of us. We wrote a few short books on topics that we were knowledgeable and passionate about and self-published them on Amazon. While they weren’t smashing hits, they proved that the self-publishing business model worked. We then hired ghostwriters to write books for us, which is how our little side hustle turned into our full-time online business.

Two years and over 100 books later, we began filming YouTube videos sharing what we know. Our followers eventually asked us to compile what we knew into a step-by-step course, so we did. We launched Audiobook Income Academy in 2018 and made over $43,000 in profit even though we spent no money on ads. Since then, we’ve been coaching and teaching everyday people how to build their own self-publishing business so they can quit their jobs and find freedom.

Now we run a multi-million dollar online education company, PublishingLife.com, dedicated to creating the best education and coaching in the book publishing space. We have over 2,000 happy customers and countless life-changing success stories. PublishingLife hit its first million dollars in April 2020 and repeated it a few months later.

The Mikkelsen Twins, founders of Publishing Life, publishing and ghostwriting service for e-books. The Twins also founded Audiobook Income Academy 2.0, where they teach upcoming entrepreneurs how to succeed in the e-book publishing industry.

5. I learned from a fantastic partner.

8 Self-Made Entrepreneurs On How They Made Their First Million (5)

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Opportunity comes in unique ways.

At the age of 21, I went through troubling times in university and barely avoided jail. But the universe aligned, and my mentor asked me to partner up and expand his company. I spent the next 4.5 years helping build a multi-million dollar coaching and training company from scratch.

I knew I had a more profound message inside me that I needed to get out to the world. I left his organization and started my own company to support coaches in creating businesses that fueled their mission and lifestyle. There are so much noise and confusion in the online market place on how to grow a business online; it’s quite overwhelming. I focused on helping coaches simplify their business model and optimize their marketing and sales process to only work with clients they love.

I went from having my life on the line to now having the multi-million dollar business of my dreams. I never take it for granted.

Alex J. Moscow, CEO and Founder of Congruent Coach. Moscow’s work focuses on helping entrepreneurs grow seven-figures and beyond by staying true to themselves and turning their social media pages into revenue streams.

6. I found a mentor.

8 Self-Made Entrepreneurs On How They Made Their First Million (6)

Every entrepreneurial journey is different, but what they all have in common is mentorship. The fastest way to go from where you are to where you want to be is to learn from someone who’s been there and done it before. Seek them out. When I was 23, I moved countries to work and live with a mentor who I’d never met before, so that I could learn from the best! I worked seven days a week for six months to learn the skills and tools that helped me make my first million.

Once I started WILD Success, we made $1 million in just ten months, because we had a plan and experience! Don’t reinvent the wheel; find a model that works and execute! Find what the market wants and then scale. Seek mentors along the way who can give you guidance in areas you’re weak and develop a relentless pursuit of knowledge and experience. And most of all, don’t focus on the money, focus on becoming a person who can run a million-dollar business, and you’ll have one!

Calvin Coyles, founder of WILD Success, one of Australia’s leading personal growth and development companies. Coyles is an award-winning entrepreneur, best-selling author, and international speaker. He hosted over 500 live events and thousands of hours of training and coaching.

7. I learned to build teams.

8 Self-Made Entrepreneurs On How They Made Their First Million (7)

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I had my first business cleaning boats in Sydney Harbour when I was only eight years old. From a very young age, I figured out that if I want something more in life, I have to create it myself. This became my gift and my curse. I had the natural entrepreneurial talent and work ethic, and I learned the necessary business skills. But because I was so good at taking action and figuring everything out on my own, being on my own became my pattern for a very long time.

I lost everything in the 2008 crisis, which forced me to break my habits.

In 2012, I started the outsourcing and virtual assistant company now called ‘The Exponential.’ We made a million dollars in our first year by teaching other entrepreneurs how to scale and build teams, and by providing the ideal talent required to grow the same things I was missing in my previous businesses.

The company is still going strong eight years later. Best of all, I’ve followed my own advice and scaled myself out of business.

Monty Hooke, host of “The Rabbit Hole” podcast and founder and CEO of The Exponential, a business consultancy that helps companies with expansion, systems, and scaling using offshore remote staff.

8. I put passion over profits.

8 Self-Made Entrepreneurs On How They Made Their First Million (8)

I made my first million when I was 24 with my first company SpiritHoods, featured on Shark Tank. I never went into it with the idea of making money first; the company was birthed out of a pure passion and desire for community (the new currency), radical self-expression, and giving back to non-profits that helped endangered animals.

I see so many entrepreneurs placing the cart before the horse, money before their purpose. When businesses are built in that way, they become void of real value. The leadership gets burned out, and the company doesn’t stand the chance at disrupting anything.

What the world needs now are conscious entrepreneurs creating from a place of purpose, passion, and truth. Your idea should strike you like a lightning bolt in the heart. That’s what will get you up in the morning to inspire others and help change lives.

As an entrepreneur, our duty is to create solutions for people. What the world needs now more than ever are conscious solutions, so evolve yourself consciously and let your brilliant “aha moment” come from that journey of purpose. Not only do you stand a better chance of making a million, but you also stand a greater chance of living a fulfilled existence that those you serve can enjoy too. That’s true disruption.

(Video) Asking New York Millionaires How To Make $1,000,000

Alexander Mendeluk, entrepreneur and life transformational healer that facilitates healings of suppressed trauma, pain, and disease within the body, then aligns individuals with their purpose so they can create conscious business solutions for the new earth paradigm.


Who is a self-made entrepreneur? ›

Self-made is used to describe people who have become successful and rich through their own efforts, especially if they started life without money, education, or high social status.

How many entrepreneurs are self-made? ›

Nearly 90% of Entrepreneurs are self-made. On average, It takes 6 days to start a small business in the United States. 62% of entrepreneurs have a bachelor's degree. 360 individuals start a business out of every 100,000 adults in the United States.

How do entrepreneurs make so much money? ›

They make money by capitalizing on an innovative solution for a unique, large-scale need and if, possible, repeating the process by providing additional solutions for additional needs.

What makes the most successful entrepreneur? ›

Successful entrepreneurs are driven, ambitious and willing to take risks others won't. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.

Who is 1 successful entrepreneur? ›

Andrew Carnegie, Henry Ford, Oprah Winfrey, Bill Gates, and Larry Page are among the most celebrated American entrepreneurs in history.

Who was the very first entrepreneur? ›

First Entrepreneur: How George Washington Built His – and the Nation's – Prosperity
Subject(s):Agriculture, Natural Resources, and Extractive Industries Business History Military and War
Geographic Area(s):North America
Time Period(s):18th Century

How common are self made millionaires? ›

According to data: 27% of the ultra wealthy are self made: It defines them as people with a "middle-class or poor upbringing and no inheritance." 46% have a head start: Almost half the super rich people surveyed either had some inherited wealth or an affluent upbringing.

How do you become a self made entrepreneur? ›

How to become a entrepreneur
  1. Find a profitable business idea.
  2. Develop a product.
  3. Validate your product.
  4. Write a business plan.
  5. Secure funding.
  6. Launch your business.
  7. Manage the business.
Nov 30, 2022

Do all entrepreneurs become millionaires? ›

88% of millionaires are entrepreneurs.

Of those who are worth $30 million or more, about 68% are self-made. These numbers can be misleading, though, as plenty of millionaires who did inherit at least some of their wealth are entrepreneurs as well — often, they use their inheritances to start companies.

How many hours do entrepreneurs work? ›

One survey from New York Enterprise Report found that small business owners work twice as much as regular employees. It also found that 33% of small business owners reported working more than 50 hours per week, and 25% said they work more than 60 hours a week.

How to make millions with a business? ›

Read on to find out how to grow a small business and bring it to the big leagues.
  1. Be an Industry Thought Leader. ...
  2. Make Passive Income Streams. ...
  3. "Up Sell" Your Customers. ...
  4. Over-Deliver Whenever Possible. ...
  5. Conduct a Competitive Analysis. ...
  6. Stay Focused and Positive. ...
  7. Sell Globally. ...
  8. One Million Is Intimidating.

Do most entrepreneurs succeed? ›

3. How many entrepreneurs are successful at running their business? About 35% of businesses remain in operation by their tenth year, 18.4% go under by their first year, and nearly 50% go under in their fifth year.

What drives entrepreneurs to succeed? ›

Ego. Entrepreneurs are often motivated by a desire to be recognized as a world-leader in a specific field. Their desire to share their knowledge and engage with their subject matter is often a source of frustration to privacy-obsessed VCs, but is a key internal motivation for the inventor.

What drives entrepreneurs to win? ›

Personal growth and accomplishment.

The best entrepreneurs enjoy the journey as much as the destination. They have a thirst for knowledge that helps them in their business, as well in their own personal growth. That synergy creates a sweet spot that maximizes their impact.

What are the 3 important skills of a successful entrepreneur? ›

5 Skills Every Entrepreneur Needs to Succeed
  • Finance Skills. Budgeting and knowing how to keep track of finances is essential for entrepreneurs. ...
  • Communication skills. Being a strong communicator is very important for entrepreneurs. ...
  • Leadership Skills. ...
  • Time Management. ...
  • Sales.
Aug 30, 2022

Who is an entrepreneur example? ›

The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a startup venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new business venture.

Who is the hottest entrepreneur? ›

India's hottest business leaders 2020
  • Zubin Saxena. Age: 40. ...
  • 40 under Forty: Celebrating Young Leaders. The Economic Times 40 under Forty is the definitive listing of India Inc.'s top business leaders. ...
  • Abhishek Rastogi. Age: 40. ...
  • Amita Gupta Katragadda. Age: 36. ...
  • Amit Jain. Age: 38. ...
  • Ankur Gupta. Age: 36. ...
  • Arjun Juneja. ...
  • Ashni Biyani.

Who is the Number 1 entrepreneur in the world today? ›

Bill Gates, Jeff Bezos and Steve Jobs are considered the top three most influential modern entrepreneurs, according to new research.

Who was the first entrepreneur in America? ›

Benjamin Franklin. In a real sense, Franklin was America's first entrepreneur.

Who were the first entrepreneurs in America? ›

Benjamin Franklin - Franklin was one of the founding fathers as well as being one of the first entrepreneurs. He invented many products including the lightning rod, bifocal glasses, and the Franklin stove. Franklin is also credited with creating America's first free library.

Who is an entrepreneur person? ›

An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

What are 3 things that self-made millionaires have in common? ›

Here are the 10 habits that Daugs' wealthiest self-made millionaire clients have incorporated into their financial life that you can, too.
  • They avoid debt. ...
  • They buy their cars, and plan to keep them long-term. ...
  • They have emergency funds. ...
  • They invest. ...
  • They take advantage of everything their employer has to offer.

How are 90% of millionaires made? ›

“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.

How do wealthy people get wealthy? ›

Investment income: From interest, dividends, and capital gains. Self-employment income: Payments you receive from selling products or services. Pensions and annuities: Payments from qualified retirement plans. Business income: Payments from owning a stake in a private company.

How to become a self made millionaire from nothing? ›

How to Get Rich from Nothing to Millions
  1. Change your mindset. Changing your money mindset will affect how you see money, as well as how you relate to‌ ‌it. ...
  2. Do the math. ...
  3. Take a financial inventory. ...
  4. Live below your means. ...
  5. Start saving early. ...
  6. Enhance‌ ‌your‌ ‌current‌ ‌income. ...
  7. Create multiple income streams. ...
  8. Invest wisely.
Jun 1, 2022

How to become a self made millionaire with no money? ›

How to become a millionaire with no money
  1. Develop a millionaire's mindset. ...
  2. Carefully watch your expenses (big and small) ...
  3. Try to max out retirement investment accounts. ...
  4. Increase your income to become a millionaire faster. ...
  5. Use your money to make money. ...
  6. Avoid "lifestyle creep" ...
  7. Avoid debt at all costs.
Jan 11, 2023

What do rich people buy? ›

What Are 11 Crazy Expensive Things Rich People Buy?
  • Tickets to outer space. ...
  • Private islands. ...
  • Superyachts. ...
  • Renting celebrities. ...
  • Gold/expensive bathroom accessories. ...
  • Kopi Luwak Coffee. ...
  • Random auction items. ...
  • (Very) expensive parties.
Feb 24, 2023

Do entrepreneurs pay taxes? ›

If you've started a new company or run a small business, you will have to file both personal and business income taxes. In the U.S., there is no special distinction made by the IRS for being an entrepreneur, although certain tax breaks may apply.

Are entrepreneurs born or made? ›

“It is a myth to think that Entrepreneurs are born, the reality is that entrepreneurs are made by being committed to calculated risk taking and perseverance against all odds. As an entrepreneur it's likely you'll make mistakes along the way – success comes from learning from your own mistakes.

How much sleep do entrepreneurs get? ›

Forbes points out that most successful entrepreneurs get between five and eight hours of sleep. Rather than worrying about when that sleep takes place, concentrate on whether or not you are getting the right amount of sleep to meet your needs.

Do entrepreneurs sleep less? ›

Approximately half of all CEOs, according to one survey, get less than six hours of sleep every night, and -- at least anecdotally -- founders during the early stages of a startup have it even worse.

Do entrepreneurs get tired? ›

Entrepreneur fatigue is a real thing, but it doesn't have to spell the end for your business. With the right strategy and mindset, entrepreneurs can not only overcome this issue but also become more productive and successful in their ventures.

What business can make you a millionaire fast? ›

  • Financial Services.
  • Eldercare.
  • Business Consultancy.
  • Investment Firm.
  • Education and Training Service.
  • Insurtech.
  • Cleaning Business.
  • Healthcare Consultancy.
May 11, 2022

What is the best way to make millions? ›

Here, we'll talk about several ways to earn your first million. We'll also break down one of the most lucrative methods: real estate. The nice thing about real estate is that you don't need special qualifications.
  1. Invest In Real Estate. ...
  2. Start A Business. ...
  3. Purchase Cheap Stocks. ...
  4. Start A Side Hustle. ...
  5. Protect Your Wealth.

What business can make someone a millionaire? ›

Financial Services

Behind the most successful ventures in the world are people and organizations skilled in deploying and growing money. Think about it, the financial system manages all the money people make worldwide. It could be a commercial bank, investment bank, Hedge Fund, Insurance, or a wealth portfolio.

What is the best age to become an entrepreneur? ›

No one ever said that you can't be a successful entrepreneur at age 22 or 62. There are many. But research definitely points to the fact that education, experience, opportunity, network, and funding all come together in the mid-30s and position a founder to have the best chance of success.

Do older entrepreneurs do it better? ›

Older entrepreneurs also tend to do better. A 60-year-old who starts a new business is three times more likely to succeed than a 30-year-old peer, four economists calculate in "Age and High-Growth Entrepreneurship," a research paper published in the journal American Economic Review: Insights.

What are 3 things that keep entrepreneurs motivated? ›

Flexibility, control and legacy are common entrepreneurial motivations. Being in the right headspace helps you maintain your entrepreneurial motivation when challenges arise. A positive attitude, meditation and a strong support system can help you sustain your enthusiasm for running your business.

What behaviors are most common in a successful entrepreneur? ›

10 Behaviors of Unstoppable Entrepreneurs
  • They position themselves to serve. ...
  • They set clear goals. ...
  • They take calculated risks. ...
  • They know their strengths and weaknesses. ...
  • They hire A-team players. ...
  • They are constantly learning. ...
  • They are always looking for opportunities. ...
  • They evaluate their actions and priorities each day.
May 26, 2015

What are the 8 entrepreneurial qualities of a successful entrepreneur? ›

8 traits of successful entrepreneurs--Do you have what it takes?
  • Strong leadership qualities. Leaders are born, not made. ...
  • Highly self-motivated. ...
  • Strong sense of basic ethics and integrity. ...
  • Willingness to fail. ...
  • Serial innovators. ...
  • Know what you don't know. ...
  • Competitive spirit. ...
  • Understand the value of a strong peer network.

What are the 5 qualities of an entrepreneur? ›

The 5 Qualities of Superior Entrepreneurs
  • A willingness to fail. Being afraid to fail is a common affliction. ...
  • Critical thinking. Like the first trait, critical thinking enables entrepreneurs to break free of herd mentalities. ...
  • Clarity of vision. ...
  • Leverage over themselves. ...
  • Strong communication.
Aug 1, 2022

What are the 8 key entrepreneurial skills? ›

What does it take to be successful starting your own small business? Here are the 8 skills every successful entrepreneur has in common:
  • Resiliency. ...
  • Focus. ...
  • Invest for the long-term. ...
  • Find and manage people. ...
  • Sell. ...
  • Learn. ...
  • Self-reflection.

Is Elon Musk a self made entrepreneur? ›

Elon Musk, a South African entrepreneur is the richest person in the world. He is the Founder of PayPal (1999), SpaceX (2002), Tesla Motors (2003), and many other companies. He also founded The Boring Company and co-founded OpenAL and Neutralink.

Who are natural born entrepreneur? ›

Natural entrepreneurs don't sit around waiting for things to happen. They create their own fate. They are always ready for opportunities, often generating them where others can't see the possibilities or realise too late.

What is a solo entrepreneur called? ›

According to Merriam-Webster, a solopreneur is “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.” Or, to put it more simply, they're “a solo entrepreneur.” A solopreneur works independently and doesn't hire employees or other team members.

Who is a self motivated entrepreneur? ›

Self-Motivation In Entrepreneurs

Self-motivation is motivation arising from individual's internal desire for the satisfaction and fulfilment of specific needs. -Personal drive to achieve, the desire to improve or to meet certain standards; -Optimism, the ability to keep going and pursue goals in the face of setbacks.

What did Elon Musk invent to get rich? ›

Like many people, you're probably wondering how did Elon Musk make his money? He's best known as the co-founder and CEO of Tesla and SpaceX, but Musk earned his first fortune as a co-founder of PayPal.

Who is the world richest man? ›

Who is the richest man in the world? As of March 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth nearly $211 billion.

What type of entrepreneur is Elon Musk? ›

Elon Musk is an excellent example of dynamic entrepreneurship fuelled with a strong purpose focusing on a big futuristic vision taking humanity to a whole new dimension altogether. His commitment to purpose and passion for achieving his goals is a powerful motivation for people worldwide.

Who are Gen Z entrepreneurs? ›

Gen Z is the “Internet Generation,” they are tech savvy, self-educated, connected. A recent study of Gen Z'ers concluded that 72% of them wanted to start their own company, utilizing entrepreneurship to have control over their lives, become debt-free, and to choose a purposeful life.

Are entrepreneurs born leaders? ›

Being a Born Entrepreneur Doesn't Automatically Mean You're a Born Leader. The person who has the vision to start a company might not be the person to grow the company. Opinions expressed by Entrepreneur contributors are their own.

Are entrepreneurs born with it? ›

“It is a myth to think that Entrepreneurs are born, the reality is that entrepreneurs are made by being committed to calculated risk taking and perseverance against all odds. As an entrepreneur it's likely you'll make mistakes along the way – success comes from learning from your own mistakes.

Are solo entrepreneurs more successful? ›

In fact, 2016 findings showed that 52.3% of companies with successful exits were founded by a solo founder (n = 6,191). And 45.9% of companies that raised more than $10 million were also solopreneur companies (n = 7,348).

Can I call myself an entrepreneur? ›

Rule: You can be an entrepreneur when the business you created pays for your livelihood.

What are the 4 types of entrepreneur? ›

The four types of entrepreneurs:
  • Coasting, opportunity comes to them (or it doesn't)
  • Conservative (very moderate use of resources, protecting existing resources)
  • Aggressive (proactive, all-in, actively seeks opportunity)
  • Innovator/Revolutionary (attains growth through innovation)

How do you motivate yourself to become an entrepreneur? ›

Here are some crucial tips that will keep you motivated to become a successful entrepreneur:
  1. Set realistic goals. ...
  2. Take failure as a precursor to success. ...
  3. Read motivational stories. ...
  4. Spend time with your loved ones. ...
  5. Be passionate about your work. ...
  6. Do meditation and exercise. ...
  7. Have self confidence. ...
  8. Conclusion.
Aug 13, 2018

Who is the most inspiring entrepreneur? ›

What Makes Steve Jobs One of the Most Inspiring Entrepreneurs. Steve Jobs landed on this list of inspiring entrepreneurs because of his laser-like focus. Even after he was fired from Apple in 1985, he started a new company to keep developing his ideas of functional personal computers and the software that ran them.

What motivates an entrepreneur to start a business? ›

Freedom and passion, not money, is the main motivation.

Nearly two-thirds of respondents said they had started their own business for one of those two reasons. On the other hand, money is not as much of a factor for many small business owners: Just 8% of respondents said that was their main motivation.


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