What are the traits of successful entrepreneurs? While there isn’t a rulebook to what becoming an entrepreneur looks like there are definitely a few key traits that the best entrepreneurs all carry. Of course, each individual has their own strengths and weaknesses, not everyone can be as computer savvy as Mark Zuckerberg, a brainiac like Bill Gates or a visionary like Steve Jobs.
So if you’re not a natural born social networker or genius what other traits are left? In no particular order here are 10 personality traits that make up a strong entrepreneur.
10 Traits of Successful Entrepreneurs
Webster’s defines adaptable as, “able or willing to change in order to suit different conditions”. There is no getting around this one, being flexible with your business and learning to change to suit your current work environment is essential as an entrepreneur. You have to be prepared to walk in others shoes and take on surprises as they come your way (which will be a lot). So if you don’t have a thick chameleon skin, entrepreneurship may not be for you.
You have to bleed confidence as an entrepreneur! Networking and public speaking skills are very important as you build your way up the corporate ladder. Entrepreneurship is fast paced and you don’t have time to be worrying about the competition or any other negative roadblocks. Your employees will look to you to be their fearless leader.
Here’s the thing with risk-taking in business, if you don’t take risks you will fail and if you do take risks you will fail. The latter of the two is important because you won’t always fail but the hits that you take when you do will help you gain wisdom in your field. The most successful entrepreneurs are the ones who are willing to take risks!
If you decide to enter into a field, don’t be ignorant. Sure entrepreneurship doesn’t require a formal education to be good at what you’re doing but constant learning will help you to stay at the top of your field. Read books, listen and stay inspired by your peers!
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Most folks in a startup love what they do! Or so they should! Why else would they have taken a brilliant idea and forged it into a full blown business? Or how about when you spend your nights up until 2am just to be making minimum wage and your mental and physical health are being seriously tested? It is simply the power of passion that keeps you plugging along.
The unfortunate truth is that failure and entrepreneurship go together like Peanut Butter and Jelly. Determination is a quality that you need to see beyond the obstacles. Having the ability to look to the future even if you don’t what is in store is paramount.
When adversity strikes and you are faced with challenges, your ability to rise above will have you ahead of the pack. Building a business from the ground up is not easy and persevering through the tough moments make you a strong person. The joy and pride you receive as an entrepreneur is equally matched with chaos. One has to outweigh the other and this is where the weaker links of the business world are cut.
This is where it all begins! Your brilliant idea and foresight. If you didn’t have that beautiful imagination your business would have never been manifested in the first place. A creative vision is what sets you apart from the rest of the 9-5 office goers. Having a vision or mission statement and continuously implementing it day to day will bring forth purpose and value.
Having a positive attitude in the workplace is beneficial for your well-being as well as your employees around you. Learning to shift negative paradigms and coaching yourself to be content is such an imperative skill to have. Positivity helps with goal setting and accomplishments, time management and fighting stress and anxiety.
Sales skills go hand in hand with passion. You don’t necessarily have to be an amazing sales person but if you are passionate about what you do and can easily articulate your product to your customers the rest comes easy. Passing down the sales torch to your employees to sell your product can be easily done but as an entrepreneur, you will still need to sell yourself everywhere you go. Business meetings, new clients, potential partnerships, being able to sell yourself and your brand is essential.
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What other traits do you think make up a great entrepreneur? Leave your ideas in the comments section below.