Entrepreneurial talent – Success stories and how to identify if you have it or not.
Have you heard about the guy who worked barefoot at his office and always wore a bright orange shirt and glasses? He preferred to sleep in his office instead of going home! Most of us would refer to him as a workaholic with a type-A personality.
What if I told you that this guy went on to be the founder of a $100 million gaming app at the age of 22?
Surprised? How could a person with non-traditional habits get so much fame and money at such a young age?
This is what we call being gifted or, in other words, “Entrepreneurial talent.”
By the way, to kill the suspense, we’re talking about Seth Priebatsch, the CEO of “SCVNGR,” now known as “LevelUp.” He even tried to set up a startup business at the age of 12, which didn’t succeed, but this shows us that he had the gift from an early age. And it was this gift that led him to succeed and become a millionaire, even though he dropped out of Princeton after completing his freshman year.
This is just one example of how people who are naturally gifted with skills can utilize them for their benefit. They have the drive, focus, and commitment that others don’t have. A person with entrepreneurial giftedness usually thinks outside the box and takes risks. In short, they are willing to dedicate themselves to a business.
Let’s have a look at some other success stories of people with the gift.
Success Stories Owed to Entrepreneurial Talent
We are all aware of Bill Gates, the founder of Microsoft. He didn’t just wake up one day and decided to launch a software company! He had entrepreneurial talent since he was a high-schooler.
It all started with the creation of a program in school to schedule students in classes and then there was no stopping him. He went on to own the $1 trillion multinational technology company, which, although he has stepped down from, has become the basic standard of operating systems.
Let’s move on to something relatively recent – Facebook. I don’t think there’s a person on earth who isn’t familiar with this app or the founder Mark Zuckerberg.
It’s quite astonishing to know that a 37-year old owns a $600 billion social networking app, while most of us are still figuring what to do with our lives at this age!
Just like Priebatcsh and Gates, Zuckerberg also started showing signs of possessing entrepreneurial giftedness in his childhood. At the age of 12, he created a messaging app, Zucknet, which he implemented at his father’s dental clinic. As a student at Harvard, he created 2 more programs, CourseMatch and FaceMash, and was the go-to programmer on campus. He finally launched Facebook in 2004, which had more than a million users by the end of the year.
Now let’s take a look at one more success story. The story of Elon Musk, founder of Tesla and Paypal. Being the richest man on earth, we assume he had always had it easy.
You’d be surprised to know that this man worked two different jobs, took multiple loans and scholarships to make it through college with a degree in Economics and one in Physics. He got into Stanford’s Ph.D. program but dropped out to pursue his childhood dream of being an entrepreneur.
But, he didn’t succeed on his first attempt, although he had entrepreneurial talent. His first startup failed badly, and he could only afford one couch in his office. He didn’t give up! He was passionate about his dream and continued to strive till he acquired PayPal and his net worth shot up to $123 million. He used this money to found Tesla Motors and SpaceX and is now known as the wealthiest person in the world.
What is common in these 4 individuals that we discussed above? They all had a somewhat difficult childhood, they all are college dropouts, and they did not get the desired success in their initial business attempts.
But, most importantly, they had entrepreneurial talent from an early age. They were gifted, and they poured their money, sweat, blood, and tears into making their companies successful. At a point where most people would give up, they persevered.
What’s the Point?
You must be wondering, where am I heading with the examples of these success stories?
My point is, that it takes a special kind of person to be successful in entrepreneurship. Not everyone who tries their luck at business succeeds. You need to have a strong business understanding and intuitive skills that need to be cultivated.
I’m sure most of you must be speculating whether you have entrepreneurial talent or not? Let me give you a few pointers to help you find out.
Do You Have Entrepreneurial Talent?
Do you have what it takes to be a successful entrepreneur? The following indicators will tell whether it’s the right path for you not.
1. You Learn by Doing
Why do you think most of the successful businessmen are college drop-outs? Because the school environment did not help them learn what they were looking for. They found it hard to learn from someone else. They preferred exploring things on their own and learning from hands-on experience.
I’m not encouraging you to leave your education, but if your learning capability seems unfulfilled even after taking hour-long classes, you might just be the gifted one!
2. You are Impatient
Kids that possess entrepreneurial talent are often said to be impatient and restless, in a good way. That is, they can’t sit idle. They keep doing one thing or the other and have low attention spans. As they grow up, they are still impatient – impatient to achieve something fast. But at the same time, they wait for the right time to do the right thing instead of making hasty decisions.
If you feel like you never want to slow down, yet know when to pull the trigger, you have entrepreneurial giftedness.
3. You Like to Own What you Do
If you work at a company and land an amazing deal, you cannot fully rejoice because it doesn’t feel like your victory. It feels more like a combined effort, so you can’t exactly own it. People with the gift of entrepreneurship, often find it hard to thrive in such environments, because they like to own what they do and take charge of their work.
If you’re struggling in such an entrepreneurial environment and feel the need to have creative freedom, you definitely have the gift.
4. You Want Success Rather than Money
Everyone can make fast cash by doing odd jobs etc. A person with an entrepreneurial spirit seeks to achieve success in the long run, rather than instantly. They are willing to make sacrifices today for a better tomorrow because they are patient and resilient and they know that their hard work will pay off in a few years.
If you’re willing to forgo your current pleasures to achieve your long-term vision, you are a true entrepreneur.
Like Theodore Roosevelt said, “Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty. I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.”
Being an entrepreneur is equal to being an innovator. You need to have the desire to make something better and more profitable, with hard work, effort, and passion. Don’t let the setbacks hinder your progress, let your entrepreneurial talent lead the way!