12 Power Principles Successful Entrepreneurs Should Know And Use

Join Jay on today’s Black Entrepreneur Blueprint episode # 369 as he discusses the 12 “Power Principles” that all successful entrepreneurs should know and use. These principles are a guide to help you grow and scale a successful business.

Black Entrepreneur Blueprint Show Notes – Episode# 369

Definition of Principle: Let’s start by defining what a principle is – a principle is a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

12 Power Principles

Power of authenticity – in life and your business. Be you, don’t try to be anybody else.
Power of alignment – your business needs to align with you and your purpose and your lifestyle
Power of focus – you must have laser focus to be a successful entrepreneur. Don’t try to do too many things at once because you won’t be successful
Power of building your database – your database is the most important asset of your business. How can you be a successful entrepreneur without the foundation?
Power of the word NO – all successful entrepreneurs understand that saying no to situations that aren’t ideal for you can be the difference of winning or losing in business
Power of Removal – head down, get rid of the distractions, remove the haters and toxic people from your life.
Power of building your database – your database is the most important asset of your business. How can you be a successful entrepreneur without the foundation?
Power of passive income – passive income allows you freedom, to think, create, and execute
Power of leverage – leverage allows you to do more with less. Like synergistic relationships, etc
Power of systems – systems allow you to grow and scale your business and make it possible for you to work on your business, or in it
Power of scaling – if your business stays the same that means you’re actually losing ground. Scaling your business efficiently means growing without expending large amounts of capital and resources
Power of Know-How – know-how versus knowledge – when you know how to do something nothing can hold you back