How does an entrepreneur define success at work?

King bell

VIP Contributor
There is no clear definition of what success looks like in the workplace. Yet, every day in America, approximately two million people start their own businesses. Entrepreneurs know that when it comes to a successful business, there is no one-size-fits-all formula for success. Instead, successful entrepreneurs make calculated risks based on their unique circumstances and set concrete goals that are important to them personally and professionally.
In a 2014 Personal Balance Sheet Survey conducted by ING Direct , only 7.5 percent of the survey respondents reported having a written plan for success. The study further revealed that 55 percent of the survey respondents did not set goals at all, while another 18 percent never followed through or evaluated their goals.
One of the biggest reasons why people have a hard time reaching their professional goals is because they don't take the time to define them. When setting goals, it's important to focus on positive outcomes that are specific and measurable; examples include launching a new product, making an investment in new marketing strategies, or adding staff to support growth.
 

Augusta

VIP Contributor
Success at work comes in when there's a boost in the different areas of the business. But the most outstanding one is always about an increased sales which always leads to more money. The thing is that if you have tremendous growth in other areas in the company without growth in the actual sales then the business isn't moving rightly.

it will even be a lot better to have high increase in sales than other areas. This is because without the sales which will bring profit the business can't stand. So a business person will define the success of the business through high sales, high profit, high production, good level of efficiency from staff and specialisation.

This is why that if a business isn't productive as expected then different areas should be tried it might just need. a little touch up here and there to help the business grow to its functional stage
 

Carpon

Valued Contributor
Others will choose to define success by the amount of money they are able to make at work, tye percentage of people patronizing their service and others the amount of fulfillment they have in what they are doing. Actually all of these things I listed are to be taken into consideration when trying to rate success. But others may choose one or two of them and rate their success based on the criteron they have chosen
But personally those three are what I will use to rate the level of my success.
As an entrepreneur, I must be able to make good earnings from my work if success is really being achieved and this will mean that I have many people patronizing my work or business. And I should still have the feeling of fulfillment and accomplishment in what I do and so I will do it out of pleasure and with zeal.
 

Richee84

Active member
Success in a business might have different definition to different entrepreneurs. I don't think there is a clear definition for success as it all depend on the angle at which we look at it.
To some entrepreneur, success to them is when they attain certain level of achievement in their business. For example when some people are able to maintain their business at a stable rate of profit, they see that as a level of success.
Some also see success as when they are able to dominate all their fellow competitors in their environment. They only see themselves as been a successful entrepreneur when they build their business to that level where no other person can compete with them in that line of business.
Some entrepreneur see their success only when they have been able to achieve their aim in expanding their business across the globe. This that of entrepreneur have a set target to measure their level of success and it compromise both the business mission statement and vision statement. They are only satisfied when they have achieve both the mission and vision statements and that is only when they can say they have attained a successful stage in the business.
 

Frankdan

New member
Success can be define in many ways. However, the best definition an entrepreneur can give to success is the 'achieving of goal'. Without a goal, there is nothing like success. When an entrepreneur set goals for his business and he or she achieve the goals within a stipulated time, that's called success.
 

Lens1000

VIP Contributor
Success is determined by the profitability of the company . So if you are making money for your company and definitely you are successful. It also depends on the assets you are able to garner for yourself . if you are an entrepreneur that was able to establish so many branches and you have so many businesses to your name, then, you are regarded as being successful in your line of business. These are basically what determines the success of an entrepreneur. If an entrepreneur doesn't have many branches, he is not developing and he remains stagnant ,.it means he is not successful because he is not expanding and the business is not growing. if a business grows, that means, it is in profit but if your business is not growing that means the business is not making profit and that is not a success, rather it is a failure. The bottom line is that profitability is what determines if a business is successful or not. businesses that makes more profit are more successful than the ones that are making lesser profit and if you're not making profit at all, that means the business is as good as a failed one.
 

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