7 Things Great Entrepreneurs Don't Do

Robert Browning said, “A man’s reach should exceed his grasp.” But having grown up in the high-tech industry and worked with hundreds of real CEOs, VCs, and Entrepreneurs for decades, one thing I can tell you is the word has become so overused, it’s almost meaningless.

So while there is no one-size-fits-all model for true entrepreneurs, in my experience, there are some things they seem to have in common. This might surprise you, but what sets them apart isn’t some laundry list of attributes. It’s their actions. What makes them unique is what they do and, perhaps more importantly, what they don’t do.

1. They don’t think about work-life balance.

They’re mostly workaholics. What that means is their work comes first. It’s what they live for. They’re not freewheeling, fun-loving people who live for the weekend. They live to do what they love, and that’s work.

2. They don’t try to be what they’re not.

Probably the most damaging business myth to come along in decades is personal branding. You are not a product, and you can’t change who you are. Besides, real entrepreneurs don’t think about themselves. They think about their ideas and how to turn them into great products and services. And they deliver.

3. They don’t do it for the money.

They don’t whine about how hard they work for peanuts. They just do it. And because they’re passionate about what they do and focused like a laser beam, the money eventually comes, big-time.

4. They don’t have day jobs.

Great entrepreneurs don’t just dip their toes in the water. They jump in headfirst without a thought about the rocks below. They don’t do a little of this and a little of that. When they hit on something they think is really cool and exciting, they go all in.

5. They don’t give in to fear.

They don’t pay attention to those voices in their heads – you know, the ones that haunt you with everything that can go wrong. They’re not fearless, mind you. Nobody is. They just don’t let their fear stop them from taking risks. They do listen to some voices, though: the voice of reason and their instincts.

6. They don’t have grand visions.

While some do have grand delusions that they’re destined for greatness – a prophecy that’s often self-fulfilling, interestingly enough – for the most part, they generally don’t have grand visions for their companies. Zuckerberg, for example, wasn’t trying to create a company. He just wanted to rate the looks of fellow classmates.

7. They don’t have virtual mentors.

Most people follow all sorts of writers, bloggers and tweeters these days. That’s fine, but to get somewhere in life, to do great things, you have to have real mentors in the real world. Former Intel chairman Andy Grove mentored Steve Jobs. Jobs, in turn, advised Google founders Larry Page and Sergey Brin. Behind every great entrepreneur is at least one great mentor. A real one.

Most importantly, real entrepreneurs don’t call themselves entrepreneurs. They don’t do what everyone else is doing. They don’t follow the status quo, conventional wisdom or popular fads. They carve their own unique path. They’re leaders of their own destiny. That’s what drives them. And that’s why they succeed.

5 Qualities of Successful Entrepreneurs

Decades of personal experience and mentoring have taught me that successful entrepreneurs share these five qualities:

1. An unwavering passion.

The advice to do what you love has become a bit of a cliche  Everyone says, "Find your passion." But that's easier said than done. Being an entrepreneur demands commitment and dedication -- more than most jobs do, I'd argue. If you're ambivalent or mildly enthused about your product or service, that's not going to sustain you through the highs and lows that will inevitably occur. If you find something you love enough to want to share it with others, that love will fuel and give you purpose.

2. Open-mindedness.

The most successful entrepreneurs I know never forget how much they can learn from others. They ask for advice. They're flexible. They soak up the best practices around them like a sponge. Fear of failure can make it easy to grip onto your vision with an iron fist, but rigidity won't serve you.

3. The desire to be an expert. 

Entrepreneurs like a challenge. If they didn't, they'd probably have chosen another line of work. But as exciting as it is to consider a new field, high-achieving entrepreneurs know the benefits of staying in the same industry for a while are immense. When you spend years in the same industry, you learn its history. Knowing what's been done before can help you identify how it can and should move forward. In the meantime, you'll build a network of relationships to support you in future endeavors, especially when times are lean. Those relationships are invaluable.

4. A forward-looking approach.

Successful entrepreneurs are always thinking ahead. They may stray from their roadmap, and that's okay, but they have one in mind. Having a clearly established set of goals will keep you from getting stuck. Your goals may be constantly evolving, but if you don't know where you want to go, chances are, you won't get anywhere.

5. A constant flow of ideas. 

Having one project that's doing well is great. But the successful entrepreneurs I know don't rest on their laurels. Instead, they're constantly asking themselves, "What's next?" They understand that being a successful entrepreneur is a lifestyle choice, not a destination.

Embrace these qualities and you will become a better entrepreneur.

A factory for social entrepreneurship

Social enterprises of er a valuable model for youth work. How to set them up was the focus of a seminar for 24 youth workers that took place in July 2011, with participants from the EU and Eastern Europe. The starting point was that social entrepreneurship offers a double advantage: it can help sustain many NGOs struggling with financial issues as grants get harder to find, and it offers some innovative ways of introducing young people to the world of work, and even of creating employment. Youth workers from Belarus, Estonia, Finland, Georgia, Germany, Latvia, Lithuania, Moldova, Russia, Sweden and Ukraine explored the topic as an opportunity for youth work. They discussed how to develop the abilities of people working with youth — particularly with young people from ethnic minorities — and how to make young people more competitive in the labour market. The seminar did not suggest that social entrepreneurship is a universal model for the trouble-free work of a youth organisation, but it did identify where opportunities exist, how they can be seized with imagination and initiative, and what skills are most useful in exploiting the opportunities. The seminar employed the methods of non-formal teaching, encouraging the exchange of experience from different countries to alert the participants to opportunities they had not been aware of, along with theoretical and practical exercises, and simulations of entrepreneurship challenges.There was agreement on the need to develop the competences of people working with youth, so that they were better equipped to build links between youth work and social enterprises. h e participants acquired new capacities for counselling, and for supporting the creation and development of Youth Factories of Social Entrepreneurship in their own countries as part of Youth in Action, so that social entrepreneurship and entrepreneurial skills would be promoted among young people.