How do I become a skilled entrepreneur?

[DistressedDenim]

Some entrepreneurs are highly skilled.

They are always building businesses that succeed. Most of the other entrepreneurs are constantly failing and never getting anywhere.

What is the reason behind the first guy's Midas touch? How does he make it look so easy? What is the biggest factor that separates the winners from the losers, honestly?

 

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[Kevin88660]

Some entrepreneurs are highly skilled.

They are always building businesses that succeed, and everything they touch turns into gold. Most of the other entrepreneurs are constantly failing and never getting anywhere.

What is the reason behind the first guy's Midas touch? How does he make it look so easy? What is the biggest factor that separates the winners from the losers, honestly?

“Always building business that succeed and everything they touch turns into gold”. Who?

 

[beres8011]

Some entrepreneurs are highly skilled.

They are always building businesses that succeed. Most of the other entrepreneurs are constantly failing and never getting anywhere.

What is the reason behind the first guy's Midas touch? How does he make it look so easy? What is the biggest factor that separates the winners from the losers, honestly?

Persistence and an analysis of your failures.

 

[savefox]

What is the biggest factor that separates the winners from the losers

4 years of hard work and 7 failed businesses

 

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[PC123]

4 years of hard work and 7 failed businesses

Failure is a prerequisite to invention.
In other words, a faster way to success is doubling your failure rate.
In the old days, they called it - 'the failure-tolerant leader'
Continue stumbling towards success.

 

[Kevin88660]

Failure is a prerequisite to invention.
In other words, a faster way to success is doubling your failure rate.
In the old days, they called it - 'the failure-tolerant leader'
Continue stumbling towards success.

He clocked 50-60 failures. Not stated in wikipedia but in his biography.

Wang Xing - Wikipedia

en.m.wikipedia.org

 

[heavy_industry]

What is the reason behind the first guy's Midas touch?

This is not a myth.
Such people do exist, and you can become one of them.

What are the prerequisites?

• winner mindset
• extensive knowledge
• wisdom
• clarity
• discipline / self-mastery
• etc.

In my experience and from what I've observed in others, those mental faculties are 80% of the battle. Domain-specific skills and knowledge can easily be learned or delegated to employees.

Failure is a prerequisite to invention.
In other words, a faster way to success is doubling your failure rate.

Sorry, you've got it backwards.

• Failure does not lead to success.
• Success does not require previous failure, but it's often correlated with it. This is a huge difference.
• You can learn from other's failures to prevent wasting years of your own life.
• Failure is the expected byproduct of taking steps in unfamiliar territory.
• The goal should be to succeed, not to fail.
• There is no such thing as failure for a committed person.

I've made a thread which cover this topic as one of the main points.

 

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[Ing]

It’s not the failures, which make success.
It’s the fear of failing that prevents from trying.