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Naval Ravikant, in an interview with Shane Parrish, exposes the 5 core traits that every successful entrepreneur share in common.

Enjoy!

👉 Naval Ravikant

📲 How to Get Rich (podcast)
►    • How to Get Rich  

📚 Books
📖 The Almanack of Naval Ravikant, by Eric Jorgenson.
► Free - https://www.navalmanack.com/
► Amazon Store (affiliate Link - No Extra Charge) - https://amzn.to/3qNAKBc


---- Source ----
   • The Angel Philosopher Naval Ravikant ...  



✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ End Notes ✎ ✎ ✎ ✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎

The 5 Traits All Successful Entrepreneurs Have in Common:

• Very long-term thinkers
• Have Space / Industry Knowledge (capability to execute)
• Aware of the difficulties / obstacles
• Deep Passion / Love (so they don't care the difficulties)
• Have Execution Skills (get things done)

- Only vision & passion is not enough

- Only execution is not enough


- Predictability of the business (based on the founder):

• It is not predictable that it will be successful
• *(there are many variables out of the founder's control that influence the outcome)
*** e.g./ timing, product-market fit, regulatory changes, ...

• It can be predictable that it will be likely a failure (if the founder doesn't have one of these 4 traits)


- Do we need a great novel idea?
* It is Not about having a great Idea, but the combination of preexisting ideas.

- You gotta love the journey, coz there is no guarantee of success.

- Great people have, eventually, great outcomes

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#NavalRavikant #Entrepreneurship

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