It was Albert Einstein who stated that 'imagination is more important than knowledge'. Now if he had been addressing a room full of entrepreneurs, I hazard a guess that he might also have extended this quotation by saying that 'action is more important than knowledge too!'
Make no mistake, if you want to make your mark on this world as an entrepreneur you have to consistently take ACTION! Not only that, you will also need to have ability to inspire other people into ACTION as well.
Learn by taking ACTION!
In our modern society we gravely underestimate value and importance of experiential learning. We have become conditioned to mistake qualifications for competence.
As an entrepreneur, most of your learning will come from experience generated through taking ACTION. There is no text book, no seminar and no guru that can replace value of you having an idea and taking ACTION on it.
Don't let a lack of knowledge stop you from taking ACTION!
Often what holds us back from even trying is our perceived lack of knowledge. Word's to effect of 'I can't set up a business because I didn't finished high school' or 'I can't start a business until I've got my MBA'.
If you have spent any time at all studying entrepreneurs you will find a lot of them don't actually have university degrees. Often it is this simple fact that motivates them into pursuing entrepreneurial path!
Continually Self Correct!
When you take experiential approach to learning and developing your business, you need to be highly attuned to feedback you receive from your operating environment. Be highly sensitive to feedback from your customers and clients. Establish mechanisms to monitor results that you are achieving. Once these are in place, continually put pressure on yourself and your organisation to continually lift your standards of performance.