Entrepreneurial success – do you have what it takes?

Posted in Becoming a Business Owner | 12 comments

Are entrepreneurs born or created? Is there some magic formula that created the Bill Gates, Steve Jobs, Donald Trumps, and Mark Zuckerbergs of the world?

While there might be a bit of a magical formula, anyone can be a successful entrepreneur. With time, experience, and dedication, you can begin to think like an entrepreneur, and unleash your entrepreneurial spirit.

Though entrepreneurship may not be for everyone, there are particular character traits that help business owners succeed in what can be a highly competitive venture. There are certain qualities that set the best entrepreneurs apart from the rest. What are these essential entrepreneurial traits?

If you possess these specific character traits, you may be meant to live the life of a successful business owner.

1. Unwavering Passion
Passion fuels motivation and determination. You need to be driven by a sense of purpose. It is necessary that you have the passion to reach your goals and make your business successful. Your unwavering passion will bring happiness and wealth, and your entrepreneurial journey will reach its highest potential.

2. Confidence
Confidence is a hallmark of a true entrepreneur. Successful entrepreneurs exude confidence in everything that they do. Having confidence is essential for success. You should have the confidence to lead a team, take risks, communicate your ideas, and promote your products to customers. Confident entrepreneurs believe they are worthy of success and they gain more self-esteem, faith, and belief in themselves as the gain the respect of others.

3. Optimism
Having a positive outlook is essential for every entrepreneur. You must be able to see setbacks as valuable business lessons gained through experience. Entrepreneurs look at defeat as an opportunity for success. They are not thwarted by their defeats. They never allow shortcomings, failures, or disappointments to obstruct their entrepreneurial journey.  Instead they are challenged and determined to make all their endeavours succeed.

4. Creativity
Creativity is a foundational mind skill of successful entrepreneurs. By putting creativity into action, entrepreneurs can bring old ideas or business models to life and revolutionize them to make them more attractive to clients and customers. They are driven by their inquisitiveness. They have fresh ideas and keep on searching for remarkable ways to solve a problem.

5. Clarity of Vision
You need clarity of vision as an entrepreneur. Successful entrepreneurs set goals and accomplish them. These goals can be short or long-term. A crystal-clear vision of what you want to do, where you want to go, and what you need to do to achieve your goals will serve as a beacon of light that will guide you on your journey.

6. Resilience
Entrepreneurs never quit. You need to have a determined spirit and high tolerance for set-backs. You need to be willing to learn from mistakes. There might be obstacles at every corner, but never give up. The best entrepreneurs are able to feed off negativity and gain strength from it – they continue to move forward with motivation.

7. Comfort with uncertainty
Uncertainty is the very essence of entrepreneurship. It is where great things usually happen. Oftentimes, it leads to major business growth and breakthrough.  Successful entrepreneurs have a winning attitude. They see this uncertainty as an opportunity to learn something, even in the worst situation. Entrepreneurs have to move through uncertainty quickly in order to continue to grow.

8. Strong leaders
Entrepreneurs possess the attitude of a leader, and they are skilled at leading others. They inspire, value teamwork, understand the need to appreciate others and reward their team accordingly.

9. Strike a Balance
To survive as an entrepreneur, you need a strong sense of perspective. Successful entrepreneurs work hard and play hard. They know the importance of following their passions, yet still taking time to re-charge their batteries. They understand the importance of time management and setting priorities. Successful entrepreneurs continuously strive to improve their work/life balance.

Do you have these skills? Which of these traits do you possess? Not all of these skills and traits are inherent. They can be learned, developed, and nurtured throughout your entrepreneurial career.

Need help with your entrepreneurial journey? Let the Business Maximizer, Pamela Finnesand, assist you. Schedule your complimentary Business Breakthrough Strategy Session today!