The odds of becoming a billionaire are stacked in your favour if you live in Hong Kong, a new study has revealed.The study looked at nearly 1,000 self-made men and women who, according to business magazine Forbes, have earned at least $1billion.
These are the SuperEntrepreneurs – including Google founders Larry Page and Sergey Brin, Virgin boss Sir Richard Branson and retail tycoon Sir Philip Green.
But what ‘type’ of person makes a SuperEntrepreneur?
The report found personality is one of the most important attributes to becoming a successful SuperEntrepeneuer.
These include: ✔ Creativity, ✔ Work ethic, ✔ Ambition, ✔ Optimism, ✔ Self-confidence,
✔ Leadership qualities, ✔ Adaptiveness, ✔ Drive to achieve, ✔ Tolerance of ambiguity, ✔ Resilience,
✔ Tolerance of stress, ✔ Decisiveness, ✔ Ability to deal with failure, ✔ A high energy level and ✔ good social skills.
Whew – easy, right?
A Super Entrepreneur’s Seven Tips to Making $1 Billion
A SuperEntrepreneur knows the road is hard, risky and tough. There is a good chance that you will fail in your attempts to create the next Google. But the truly successful gain strength from failures and get up again more often than they fall.
A SuperEntrepreneur is often knowledge intensive. It is no coincidence that Larry Page and Sergey Brin, whose academic research explored the mathematical properties of the internet, were the ones that founded Google.
A SuperEntrepreneur know it is a numbers game. He or she who tries a number of different ideas over a long period of their life is much more likely to succeed than if you only start one company, and pursue a single business idea.
A SuperEntrepreneur is increasingly specialised, and supported by an infrastructure. If you have a great idea, and can attract the aid of venture capital, you will be much more likely to succeed
A SuperEntrepreneur is more common in certain industries than in others. You can potentially become a billionaire pursuing almost any business idea, but are much more likely to succeed if you do so in a rapidly growing (and emerging) field – as biotechnology and IT have been during the past decades.
A SuperEntrepreneur generally has industry experience. Steve Jobs worked at Atari before founding Apple. Microsoft founder Paul Allen worked as a programmer for Honeywell.
A SuperEntrepreneur understands the need for scaling up. Edison gained over 1,000 US patents not merely through his own work, but by creating the first industrial research laboratory.
And perhaps the Biggest Secret?
Funnily enough, it’s not the goal of enormous wealth that drives most hugely successful entrepreneurs.
What makes them light up is the freedom to chart their own courses, to make their own decisions, to make their own mistakes — to let the sky be the limit not just financially but also (and almost always more importantly) personally, too.
And in that way, regardless of financial return, they feel really rich. And they are really rich — regardless of income or wealth.
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