5 Lessons Barack Obama Can Teach You About Entrepreneurship

George J. Ziogas

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Wanting to be a successful entrepreneur takes more than dreaming and hoping. Not only do you need a business idea and a plan-of-action, you need the mental fortitude to make your dreams a reality.

Barack Obama became one of the United States' most popular presidents because of his ability to inspire and motivate others. If you want to build an incredible business and succeed as an entrepreneur, you might want to consider learning a few lessons from Mr. Obama.

Consider the following five Barack Obama quotes to see if they can help inspire you to become a stronger, more resilient entrepreneur.

"The future rewards those who press on. I don't have time to feel sorry for myself. I don't have time to complain. I'm going to press on."

Entrepreneurs would be well advised to heed the words of Barack Obama when times get tough. It's far too easy to give up or feel like your company isn't going to succeed when business growth isn't what you expected. Rather than feeling sorry for yourself or wondering why other entrepreneurs and startups seem to succeed when your company isn't thriving, delve into the growth initiatives that are helping their companies to flourish. You might be able to apply those same growth hacks to your business and see an increase in growth for your business.

"To avoid being mistaken for a sellout, I chose my friends carefully."

Entrepreneurs who experience long-term business and personal growth tend to surround themselves with mentors and friends who lift them up. Make an effort to network with mentors and friends who are forward thinkers and who appreciate everything from philosophy to community-building. When you spend your time with thought leaders instead of other entrepreneurs who are in continuous hustle mode, you start to see the big picture of business-building. Not only will you become a better entrepreneur, you just might find yourself discovering new business opportunities based on your changed outlook on life and business development.

"We need to internalize this idea of excellence. Not many folks spend a lot of time trying to be excellent."

Entrepreneurs who refuse to settle for mediocrity build stronger businesses. Drill it into your team that "good enough" is never good enough. Build a company based on values of excellence and superior customer service, and you'll be amazed at what you can achieve as an entrepreneur.

"I'm the president of the United States. I'm not the emperor of the United States."

Just as Barack Obama knew his place as a leader, so too should you be aware of your role as an entrepreneur. Being a boss and being a leader are two different things. When you make an effort to lead your team and help your teammates flourish, both your business and personal reputation will grow.

"Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of yourself. Because it's only when you hitch your wagon to something larger than yourself that you realize your true potential."

Building a successful business as an entrepreneur is terrific, but it isn't something that you would necessarily be proud to have engraved on your tombstone. "Here lies a great entrepreneur" rings hollow in the grand scheme of life. If you want a remarkable career as an entrepreneur, be willing to commit yourself to endeavors that lift up others. Volunteer at an organization that helps young entrepreneurs grow, or spend time working with the less fortunate. Devote time to raising awareness for organizations and charities you believe in and support. Your career success will be even sweeter when you know you're helping others and not just yourself.

Final Thoughts

Remember these five Barack Obama quotes and increase your chances of building a successful career as an entrepreneur.

Your path may be challenging, but with the strength and determination of a leader like former President Obama, you can achieve your goals and dreams.

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