Traits of Successful EntrepreneursSo, you’re interested in becoming an entrepreneur. You like the idea of owning a business and you know you can’t depend on any corporate job for career or financial security.

Besides, you’d like a chance to see just what you can accomplish when you’re flying without a net.

All of that is great. It’s even essential. But what traits do you need to have or develop to become a successful entrepreneur? After all, you’re not doing this just to have fun (though that’s part of it). And you’re not doing it just to get a bullet point for your resume.

You’re doing it to create financial freedom for yourself and your family. And you’re doing it so that you can stretch yourself, both personally and professionally.

With that in mind, the following are the traits that you will find in virtually every truly successful entrepreneur who has ever put up a shingle:

Successful Entrepreneurs & Their Trends

  • Perseverance. Entrepreneurship has it’s ups – but it also has it’s downs. You’re going to face your own uncertainties and doubts even as you will deal with external challenges. But there is one absolutely certain thing, and only one – if you give up you will lose.
  • Flexibility. Not giving up doesn’t mean stubbornly sticking to a business plan that doesn’t work. Always evaluate what you’re doing and be willing to improve, or even make wholesale changes, if that’s what’s called for. If pink widgets don’t sell but lime green ones do – get over your hatred for lime green and make lime green widgets.
  • Active listening skills. Successful entrepreneurs know that they can’t do everything on their own. They realize that they don’t know all there is to know about their industry. And that’s why they listen and ask questions whenever and wherever they can. They consult experts who have been in the industry longer – and they consult their employees who are actually doing the day to day work of the business to see what can be improved.
  • Drive. Drive and perseverance are somewhat different, though drive can certainly feed and nurture perseverance. But drive is something more. Drive is the force that not only gets entrepreneurs to work every day, but that makes them passionate about what they’re doing.
  • A willingness to take educated risks. Opening a business is in itself is a risk, of course, but successful entrepreneurs understand that to have either a successful business or a fulfilling life it will always be necessary to risk more. On the other hand, notice that the trait is about taking “educated risks.” That’s because successful entrepreneurs make sure they have all the facts they can gather at hand before they take their leaps.
  • Patience with necessary details. Entrepreneurs generally don’t like to deal with the small details of running a business. Most of them are visionaries – and visionaries have a distaste for more mundane things. But successful entrepreneurs know that details like a mistake on a tax form or forgetting to file registration paperwork will cost them time and money in the future. So they make sure these things get done and get done correctly – even if they have to do them personally, particularly at first.

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