The Difference Between Profitable and Unprofitable Entrepreneurs

This post was written by Eric Speir, and originally appeared on his blog at Eric is a pastor, life coach and an educator who uses biblical principles, coaching, practical wisdom and encouragement to help others thrive.  Also, he is the assistant director to the Georgia School of Leadership & Ministry.  Eric is a regular commenter on, where he and I first e-met.

Eric Speir

Do you ever wonder what is the key ingredient for successful entrepreneurs? Have you ever asked yourself the reason why some people are successful in business and in life and others are not?

We could list many key traits but there is one trait that every successful entrepreneur or leader has. The writer of the book of Proverbs spells it out for us in Proverbs 14:23, “All hard work brings a profit, but mere talk leads only to poverty.”

The biggest difference between successful entrepreneurs and leaders and those who are not is taking action. Many people have great ideas and theories but they never act on them. They never take action on what they know to do.

Entrepreneurs know that working hard on a good idea will eventually produce a profit. Talking without the accompanying action will produce poverty. In other words, lazy people produce nothing!

What would happen if we started taking action on our thoughts or ideas? What have you been thinking about lately that if you took action on it would change someone’s life or yours? What if you took one baby step toward your dream?

Question: What could you do now to take an immediate step toward a goal or idea?


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