10 Must-Have Traits Of Successful Entrepreneurs.
By Ayandola Ayanleke
There is something about having an entrepreneurial spirit, some say that it propels one towards success in their businesses and other areas of life. Most times, when we think of entrepreneurs, we think of Bill Gates, Jeff Bezos and the likes. However, a small business owner is also an entrepreneur in the true sense of the word. And while success is relative, we all want to reach the peak of any venture we are involved in, so it is expected that every small business owner also wants to grow. You want to be counted among the top entrepreneurs within your space. This is possible; all you have to do is imbibe the must-have traits of successful entrepreneurs.
It is very easy to mistaken confidence with fearlessness but according to Taylor Swift, “fearless is not the absence of fear. Fearless is living in spite of those things that scare you.” Many entrepreneurs will readily admit to you that they are not without fear but they don’t let that fear rule them. They also sometimes have doubts and are scared that the risk won’t be worth it. Despite that, they pick up the courage to trust in their knowledge, their expertise and that of their staff. The great thing about being confident is that it radiates and it assures other people to trust your judgement.
It is no cliché that readers are leaders. Successful entrepreneurs take time out to read widely; they don’t narrow their reading to just their industry, instead, they read any and everything to help widen their scope of knowledge. Like it is widely said, it is important to know something about everything. You will be shocked how much that will impact your creativity and thinking process.
Entrepreneurs deal with people every day and dealing with people will mean dealing with their emotions. This is why emotional intelligence is one of the must-have traits of successful entrepreneurs. Learn to read people, manage your emotions and theirs so you can get the best out of them because nobody can do it alone. Entrepreneurs need people to achieve their goals, so, it is important to relate with them in a way that will bring the best out of them.
As an entrepreneur, sometimes, you don’t have the luxury of time to think about decisions. And you might have to make a lot of decisions daily. An indecisive person will have a huge challenge as an entrepreneur; this is why it is important to adopt a strong judgement so you can make decisions faster and accurately.
Entrepreneurs have a strong desire to succeed; they are hungry for success and so they channel that hunger into a good cause. The mind is very powerful and if you can think it, you can achieve it. Successful entrepreneurs can envision being successful and they put all they have into realising it.
Good Work Ethics
Talent and skills are important but nobody can get to the top without hard work. If you want to be successful as an entrepreneur, you have to lead your staff from the frontline. You cannot afford to act like a dictator who gives his workers instructions and goes to sleep. Your workers will show strong work ethics if they see you do the same.
The difference between good and great entrepreneurs is the passion they have for what they do. Many people go into businesses because of the appeal of entrepreneurship and they might start a business because it is lucrative and not necessarily because they love it. But you are likely to keep pushing and not give up when you enjoy what you do. Passion is what will keep you going when the going gets tough and it will get tough because there is no business without challenges.
Sometimes, the solution to certain problems is outside the box. This is why entrepreneurs should be able to think up new ways to ensure growth and expansion of their business. While you can employ creative staff, you also need to be creative as well.
Successful entrepreneurs are flexible and open-minded; they are always looking for opportunities. They don’t close their minds to ideas just because it is unfamiliar; they are always open to new ideas and new potentials.
Life is full of many distractions; it is even so much more as an entrepreneur, especially when you start getting a little fame. But successful entrepreneurs do not allow themselves to get distracted from their goal. Some entrepreneurs cannot maintain success because they start living luxuriously once they start getting successful but if you want to remain successful, you have to be disciplined across the board. You have to learn delayed gratification and live life in moderation because of the goal(s) you have set before you.