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Want to Have True Impact as an Entrepreneur? Master These 6 Things.

12-20-2016, Entrepreneur.com -- True entrepreneurship involves a mindset of solving problems. But real success goes well beyond the bottom line to impacting lives and leaving a legacy.

Many global challenges need innovative solutions that, no doubt, will be solved by entrepreneurs. Established industries like health care, education, and alternative energy are ripe for disruption. This creates abundant opportunities for those who want to step up and become the next Larry Page, Elon Musk or Bill Gates.

This is how you can do it:

1. Find your purpose or 'why.'

The pioneering entrepreneur Peter Diamandis says, "The best way to predict the future is to create it."

People often say to me, "Kunal, I’m 30 years old and have no idea what to do with my life." Lacking clarity can waste years of your life. People who change the world have a strong why, and their purpose is clear. For example, Elon Musk said the goals of his companies SolarCity, Tesla Motors, and SpaceX revolve around his vision to change the world and humanity.

If you don't know your purpose, use this moment as an opportunity to start working on yourself. Ask yourself these questions:

  • What matters most to you and why? (Maybe improving well-being in your community, access to education and ending suffering or poverty.)
  • What have you been called to do with your life? What do you think you should do?
  • What gets you excited every morning and why? (Tip: extrinsic motivators powered by someone else’s values will not sustain you, but intrinsic motivators from your deepest values will.)
  • What do you enjoy so much that you’d do it for free? 
  • How do simple everyday problems frustrate you and what can you do to solve them?
  • If you won the lottery, what would you do differently with your life?
  • What are you here to do? What legacy do you wish to leave on the planet?

2. Revisit your purpose often.

Any plan is worthless without execution. At times, you'll feel out of alignment; that’s the human experience—plans and reality often contradict each other. Frequently revisiting your purpose will keep you on track.

Read the rest of the story HERE.

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