9 Character Traits That Every Successful Entrepreneur Should Know and Have

There are a vast number of character traits that are very helpful for any entrepreneur who wants to start a business. These traits will sometimes depend on the type of business that you will be engaged in, but more often than not, there are a few that are common amongst most successful entrepreneurs.

Below are some of the more important character traits to aspire to have if you want to be a success in business.

1. Unstoppable

Most successful entrepreneurs are unstoppable when they decide they want to achieve a certain goal. This is a good characteristic to have because the very nature of business is such that, many obstacles will come your way and you will need to see past the obstacles and go through them in order to achieve any results that you have set out to accomplish.
Beyond being competitive, motivated and determined to achieve your goals, being unstoppable means that when extraordinary circumstances take place, you will have the temperament to stay the course and look for ways to overcome the challenges.

2. Good instincts

Being unstoppable is one thing, but being able to know that you are unstoppable with the right goals is very important, especially if you want to avoid self-destructive behavior. Being goal oriented means that your actions always have purpose and that they are driven by an unwavering compulsion to achieve predetermined goals and objectives.
Having the right goals ingrained into your psyche will be seen by other people as ‘having the right instincts’.

3. Dominance

Beyond having confidence, the most successful entrepreneurs have the characteristics of what outsiders would term as dominance. From the view point of an entrepreneur, it is important to have so much confidence in what you do that you become a force to reckon with in business.

Be careful, however, not to take this character trait overboard and become arrogant, overly egotistical and hubristic, like many well-known entrepreneurs have unfortunately become.

4. Passionate

Being passionate is probably one of the most important character traits to have as an entrepreneur. Without passion you will not have the drive or the will to wake up in the morning and go to work when things are not going as they should. Passion, in other words, is the fuel that will drive you when things are great and more importantly when things are not so good.

It is important that you either develop a business that is based on your passion or that you make sure that you have some day to day activities that involve engaging in your passion.

5. Financially savvy

Being financially savvy is very important for any entrepreneur who wants to be successful. This does not mean that you should have a bachelor’s degree in finance or accounting, it just means that you should know the fundamentals of nurturing money and managing money through budgets.

Without having to consult your accountant (though you should), you should be able to know the financial position of your business and know what you need to do to be able to take your business to the next level. More importantly, you should know how to create a budget and stick to it if you want to be successful.

Within a very short time and through experience, most entrepreneurs learn that being successful in business is about doing ordinary mundane things to perfection and not doing extraordinary things sometimes. Being able to have an objective and educated discussion with your finance team is important.

6. Independent

As an entrepreneur, being independent in both action and thought to some extent is crucial. This means that, when no one believes what you are trying to achieve through your business, you will be able to turn inwardly and plough through all sorts of cynicism and negative attitudes in order to become successful.

In the same light, if you want to achieve out of the ordinary results, you will need to be a trailblazer in your industry, and this takes having an independent attitude towards certain things.

7. Humility

It may seem contradictory that one person can be dominant, independent and humble at the same time, but the truth is, as an entrepreneur, you need to have such self-mastery that you are able to have the right balance of each of the character traits mentioned here. You also need to know when to suppress certain character traits and when to repress some of your tendencies.

As such, being humble enough to ask for help when you need it is very important if you want to be a successful entrepreneur. When you need help, you should be able to ask for it and be able to share your victories and failures with those who have helped you on your way to success.

8. Resilience

Most entrepreneurs will tell you that if they did not hang in there when things were tough in business, they would not have achieved anything significant in their endeavor. Resilience means being able to pick yourself up and get back on the horse when you fall or fail to achieve a certain goal.

Since setbacks, chaos, difficulties and challenges in business are inevitable, having resilience goes hand in hand with being a good entrepreneur.

9. Focused

As an entrepreneur, you will soon realize that your business calls for your attention in many different directions. You will not only be required to be different things to different people, you will also need to be purposeful and focused in your actions so that you are able to block out distractions when you need to and focus on the tasks that will take you where you need to go.

In other words, always taking action that will take you towards your ultimate goal and avoiding actions that take you away from your ultimate goal is an important character trait to have as an entrepreneur.

Author Bio

Anna W. Stanley is a career counsellor with 15 years’ experience on the job. She recommends https://www.nationaldebtreliefprograms.com/ to entrepreneurs who need to get rid of overwhelming debt. Visit her blog for more information.

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