Characteristics of Successful Entrepreneurs

Weakness of attitude becomes weakness of character. (Albert Einstein)

3/22/2017

Characteristics of Successful Entrepreneurs

Entrepreneurs are all unique - each with his own skills and shortcomings - but there are a few characteristics that are important to succeed as a successful entrepreneur. Which of the characteristics below do you have?
#StartYourOwn Business

Behind every successful business ... Is a business owner who knows his story. And yes, many people are born with natural leadership qualities and some just know how to do things right but many aspects of a success story are due to hours of hard work, research, and sacrifice.....A good business owner is one who is willing to do the work to be one.

Can you think clearly and use your common sense?
Do you understand that some products simply do not sell?

- Are you decisive? There is no room for procrastination when running your own business. Can you make decisions?
- Are you creative? Successful entrepreneurs recognize and pursue opportunities, and promote their business tirelessly.
- Are you versatile? You need to be mentally prepared to take on a variety of tasks like a secretary and bookkeeper, at least in the beginning.
- Do you have a high level of confidence? If you have a high level of confidence you will be able to get the job done even under the most stressful conditions.
- Do you use your imagination?
- Can you solve difficult problems?
- Are you driven to achieve all your goals?
- Are you motivated, independent and hardworking? Entrepreneurs should be enthusiastic and believe that they would be successful. Are you self-motivated enough to do this, and can you stay motivated for extended periods of time?
- Can you convert plans into real action?
- Do you have self-discipline?
- Can you manage your time?
- Can you deal with stressful situations??
- Are you independent?
- Do you have patience?
- Do you realize that success is not achieved overnight?
- Can you put mistakes behind you and move on?
- Are you a doer? Are you willing to take the reins, or would you rather have someone else to do the things for you?
- Are you open-minded? Entrepreneurs face a lot of unknowns and should be ready to change their initial plans and strategies. New and better ways of doing things may come along as well. Can you be flexible in the face of change?
- Are you passionate about what you want to achieve?
- Do you have enough knowledge about the industry in which you want to move into?

Create Thee Next Big Thing. Mouse Pad
by psychesurge

Successful business owners set an example. As the owner, you are the "face" of the business. You should be reliable and fulfill your word. Even when things are not so good, a good manager stays positive and remain calm under pressure.

Successful business owners invest in their greatest asset: People. They know the people in their service is cardinal to ensure the business success. Happy employees are positive and far more productive.

A business owner can simply not afford to just sit back. Continual research on marketing and customer needs should be done to ensure you stay on top of things. The owner of a successful business has to function as a businessperson. This means that the owner should always be engaged and stay accountable by paying constant attention to the business.

The customer is King...still one of the most important characteristics of a successful business. Every business depends on someone else's money - whether individuals or other companies - to survive. Thus, you should always try to offer the best possible option for your clients. This means that you sometimes have to go the extra mile and make some sacrifices even if you do not agree with the client.

a Successful company has to give back to the community... This may come in many forms, from fundraising campaigns to the donation of personal time by employees to a worthy cause. To run a successful business is NOT all about making money. A business, no matter how profitable, is never truly successful without a true compassion for others.

For further reading see the eBook and Paperback “How to start Your Own Business”