Successful entrepreneurship often involves certain personality traits. While some of these entrepreneurial traits can be learned, or at least improved upon, the most successful entrepreneurs tend to be those who are born with these traits.
Do you have what it takes to be an entrepreneur?
Go ahead, ask yourself if you have the following traits.
1. You Have A Never Ending Passion
Successful entrepreneurs almost always have a visceral passion about what they are doing. In fact, it often consumes them to the point they are thinking about it all the time and working on it even when they sleep. Moreover, it’s almost never just about making money.
2. You Serve As a Fountain Of Ideas
The best entrepreneurs are those that continuously spawn great ideas. This is because relatively few ideas, even great ones, actually pan out to be great money makers.
Does anyone remember the Lisa computer? This was a complete flop by none other than the great Steve Jobs! While this genius’s hardware and software failures are rarely mentioned, there were many of them. The point is, your creations aren’t always going to be perfect but if you are able to weave a lot of ideas, some are bound to be a success.
3. You Aren’t Afraid To Work Hard — Really Hard
Having great ideas is not enough. It takes an enormous amount of work to turn a great idea into a profitable endeavor. Appropriately, Thomas Edison, one of the greatest entrepreneurs of all time, is famous for saying,
“Genius is one percent inspiration, ninety-nine percent perspiration.”
4. You Never Like To Give Up
Successful entrepreneurs tend to be people who easily recover from failure and just keep on persevering until they ultimately succeed! There are almost always significant snags and hurdles in any project. Most people get so discouraged by these, they end up discontinuing the project before they finish it.
Entrepreneurs are so motivated they find a way to solve these no matter how difficult.
5. You Have a Willingness and Ability To Learn From Everyone
Entrepreneurs tend to be people who are good active listeners. They are open to ideas from anyone regardless of their background or training. They don’t tend to be people who think you have to have a college degree or special training to figure something out. Some of the best ideas for equipment used in water have come from fishermen, not engineers.
6. You Are Often a Calculated Risk Taker
Entrepreneurs understand that no idea is a “sure thing” and taking a calculated risk, whether that be an investment of money or time, or both, is almost always necessary to carry forward great ideas. When Jeff Bezos quit his cushy high paying job on Wall Street and made his famous 3000 mile car trip from New York to Seattle to found Amazon, he took a calculated risk… and we all know how well that one turned out!
7. You Are Able To See the Big Picture
Henry Ford represents this trait well. While the car and the assembly line had already been invented, Henry Ford was able to see the big picture and knew that the real profit would come from using an assembly to mass produce cars so they would be affordable to a much wider demographic. In other words, under his guidance, the car went from a tiny niche market to one of great mass appeal.
8. You Can Keep Up With The Times
Entrepreneurs are always on the look out for the next big trend so they can meet the needs of that growing market.
While Apple did not develop the first mp3 player, it was the first company to fully realize the marketability of it and understand the features users would most want.
9. You Are Intelligent
While you don’t need an IQ to match Albert Einstein, the most successful entrepreneurs tend to be people with well above average intelligence. This doesn’t mean you can’t be “ordinary” in other ways and it doesn’t mean you need a college degree. In fact, some of the most successful entrepreneurs are college dropouts, Steve Jobs and Bill Gates to name just two.
10. You Are Not Afraid To Ask For Help
Most entrepreneurs know when to ask for help. They can self-identify their strengths and weaknesses and know how to surround themselves with people who will complement their strengths and compensate for their weaknesses. This also often extends into their personal life since it often takes a very supportive significant other and/or family and friends to succeed.
11. You Have The Ability To Finish Things
Many people have great ideas and start developing them but never seem to finish them. Entrepreneurs have an exceptionally high will, drive, and ability to get things done.
12. You Have An Infectious Excitement
In order for an idea to turn in a profitable venture, other people must buy into it. This potentially includes investors, partners, and employees. It always includes buyers. Therefore, the best entrepreneurs seem to know how to let their infectious excitement for the project rub off on other people.
While having the 12 traits described above are not absolutely mandatory to successful entrepreneurship, they are traits shared by many of the most famous and most successful entrepreneurs of all time.
Career Advice From 15 of the World’s Most Famous Founders
There are many routes to success in the business world, but learning from those who have gone before you and reached the top is always an opportunity you don’t want to miss.
Steve Jobs is a man who has inspired millions with his words, and his advice sums up the creative spirit that helped Apple to keep on reinventing itself and pushing the boundaries: “I think if you do something pretty good, then you should go do something else wonderful. Not dwell on it for too long, just figure out what’s next.” (more…)
Women You Need to Pursue Your Dreams Despite the Fear
You hear it all the time…. you just have to follow your dreams. They make it sound so easy, but if it were easy, everyone would be doing it. Right? But have you considered what can happen to you if you stifle those feelings that you meant for something more? If you try to ignore those feelings by telling yourself it’s not the right time, you don’t have time for that, or any other excuse there is? (more…)
5 Ways Great Leaders Give Rise to Great Ideas
It is often hindering when you hear a variant of ‘that is not how it’s done here’ in your workplace. This usually happens when employees voice their concerns or new ideas for a project, and it is confusing when a project leader dismisses or overlooks such interesting input. Even indirect dismissal in the form of ‘OK, is there anything else?’ may inadvertently build a workplace atmosphere that is not conducive to genuinely effective brainstorming. Why may this happen? And how do great leaders give rise to great ideas? Read on to find out. (more…)
Hire Slow, Fail Fast, and Learn Faster
“It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case you have failed by default.” These words were once spoken by J. K. Rowling, famous British writer, and I believe they should be applied to a person’s success. (more…)
Lessons I Have Learned About Scaling a Business as a Startup Founder
The Surprising Secret About Growth and Change
An Open Letter to Aspiring Entrepreneurs
The Counterintuitive Motivation Hack That You Are Missing
40 Inspirational Quotes on Victory That Will Motivate You to Win
55 Inspirational Quotes That Will Change Your Life
(Images) 52 Motivational Picture Quotes For An Epic Year Of Success
30 Famous Quotes That Will Inspire Success In You
40 Rare Motivational and Inspirational Picture Quotes
72 Positive Thinking Quotes For More Inner Strength & Growth
3 Prince EA Videos To Change Humanities Path To Greatness
(Video) What Is Success? An Entrepreneurial Story To Inspire You
(Inspirational Video) What If Today You Knew You Were Going To Take Your Last Breath?
How To Make Enough Money From A Blog To Quit Your Job – Kate McKibbin
How Finding Your Passion And Becoming An Entrepreneur Can Lead To Happiness – Chiquita Searle
- Life4 weeks ago
3 Simple Commitments You Can Make That Will Change Your Habits for the Better
- Success Advice4 weeks ago
5 Reasons Why Starting Small is the Key to Success
- Life4 weeks ago
5 Ways to Let Go of the Past for Good
- Success Advice4 weeks ago
The Framework to Making Better Decisions in Your Life
- Motivation3 weeks ago
What Top Performers Really Do For Motivation
- Life2 weeks ago
5 Ways to Use Difficult Life Circumstances to Become Unstoppable
- Entrepreneurs4 weeks ago
11 of the Best Podcasts to Help Women Entrepreneurs Grow Their Businesses
- Success Advice4 weeks ago
How the Use of Certain Words Can Determine Your Business Success