Do you have what it takes to be a successful Founder?
As a business coach, I’m lucky enough to spend most of my days surrounded by successful businesses and founders.
Over the last two years, I’ve tried to find the common threads that I see among almost every successful founder and put those into a formula.
Here are the 4 common things I find among almost every successful founder:
NOTE: This assumes the founder already has the right personality, skills, and product to be successful.
1. A Key Driver
If money is your only driver, it will be easy to give up and find a new project when you hit obstacles. But if one of these three things is your main driver, you will find yourself pushing through adversity on your founder’s journey:
Too many businesses fail because of the curse of abundance. If you don’t have the ability to be scrappy and resourceful at the right times, failure is more likely than success at some point in your journey.
The most successful founders obsess over change and improvement, which comes from an endless curiosity about their life and business. Don’t settle. Be curious. Find better ways of doing everything.
4. Blind Optimism
If your idea was easy and obvious, it would have been done before. You will be told hundreds of times why your business will fail. The most successful founders can block out the evidence that backs up those and lead with blind optimism. This can definitely get you in trouble, but it’s generally part of the formula for the most successful founders.
Which one of these resonates the most with you? Is there something else that you see as part of the Founders Formula for Success?