ENTREPRENEUR - Looking Beyond The Ten Year Plan

I came across an article that was published on www.forbes.com. What stood out to me is the content which was provided by the "Young Entrepreneurs Council (YEC)." The article made mention of the importance of “developing a corporate vision which goes beyond simply mapping out a five- or 10-year plan: It is an act of imagination and intuition for a business leader, relying heavily on their core values and ideas. From authenticity to empathy — as well as a focus on human interaction — here are some of the key concepts that define successful leaders in today’s increasingly challenging business world.

I thought I would share this content with - full credits from the YEC.

1. Authenticity

Modern-day entrepreneurs need to stay authentic above all else. Authenticity in our ever-increasing digital world, where consumers have everything at the touch of a button, allows business owners to maintain a unique voice.

2. Empathy

Valuing empathy as a core principle of their products, services, work environment and mission is essential. It would be nice to think people’s own conscience compels them to do these things. But regardless, the market itself is beginning to value these things more. Millennial culture is demanding more humane work environments and business models that are a net positive for the world.

3. Human Interaction

Young entrepreneurs focus on how technology can change their business productivity, which is extremely important. But sometimes they tend to forget the human factor, and the fact that some businesses and clients do want human interaction, personal customer service and the possibility of creating a meaningful relationship with their service or product providers. - Gil Breef, Shades By Design Inc.

4. Hunger

Commit yourself to being different. It is very tempting in the beginning to conform to what others in the industry have done because it "worked for them." Stay hungry and be willing to disrupt the market. That is where you will find success and begin to steal market share. - Camryn Skladany, Innovien Solutions LLC

5. Quantifiable Goals

Create a vision for your life and set a quantifiable goal that reflects it. Each and every morning, ask yourself, "what will I do today that will bring me closer to my goal?" Then do it, consistently, every day. - Joe Fairless, Ashcroft Capital

6. Data Analysis

As an entrepreneur, you must be able to gather, analyze and interpret numbers generated by your company or industry effectively, and act on it with intent and agility. Building a solid business model is never an overnight inspirational moment, but a constant grind through incremental optimizations informed by data. - Alpay Koralturk, Furnishare

7. Personal Brand

Create, grow and manage your personal brand. Everyone is a walking business, and as an entrepreneur, this is especially important to be aware of. By properly connecting with your audience today, the next new project or business you start tomorrow will already have a head start. - Kage Spatz, Spacetwin, LLC