10 Qualities of a Successful Entrepreneur

by / ⠀Startup Advice / September 27, 2010

Hardworking professionals have a lot of traits in common, so it’s not surprising that the qualities of a successful entrepreneur look similar. Successful business people possess innate creativity and a drive to excel. They are confident and optimistic. They are disciplined self starters and are open to new ideas.

The Top Qualities of a Successful Entrepreneur

1. Disciplined

Successful entrepreneurs are focused on making their businesses work. They eliminate all hindrances and distractions to their goals and outline tactics to accomplish them. They focus on the day-to-day operations of their business without disregarding their long-term goals. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their goals and objectives.

2. Confident

One quality of a successful entrepreneur that people quickly notice is their confidence. Entrepreneurs don’t ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do.

3. Open Minded

Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being generated about workflows and efficiency, people skills and potential new businesses. They are constantly looking for new ways to improve the current systems and processes. Entrepreneurs have an uncanny ability to envision a product that will solve a problem, even though it may not currently seem possible. They have the ability to look at everything around them and focus it toward their goals.

4. Self-starter

Self-starters tend to be more successful because of their innate ability to manage their time and control their performance. If something needs to be done, entrepreneurs know they should start it themselves. They set project parameters and are proactive, not waiting for someone to give them permission. Entrepreneurs look for solutions, like Inc and Go, to make starting their business less complicated and other processes that can reduce complications in the workplace.

5. Competitive

Many companies are formed because an entrepreneur knows that they can do a job better than another. They need to win at the sports they play and need to win at the businesses that they create. An entrepreneur will highlight their own company’s track record of success. To excel in business, entrepreneurs have the ability to explore all of their options and remain aggressive in pursuing their goals. They are willing to accept any challenges that may come their way in order to excel even more.

6. Creative

A successful entrepreneur is creative and always looks at the big picture. Their creativity and vision often lead to the invention and discovery of new things. These traits require an entrepreneur to take their ideas and dreams into a physical form. One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will repurpose products to market them to new industries. They must also be willing to step outside their comfort zone in order for their ideas to come to fruition. Sometimes these inventions result in new technologies and advancements that can create breakthroughs in industries.

7. Determined

Entrepreneurs are not thwarted by their defeats. They look at defeat as an opportunity for success. They are determined to make all of their endeavors succeed, so they will try and try again until it does. Successful entrepreneurs do not believe that something cannot be done. Therefore, one quality of a successful entrepreneur is determination. They possess the determination to persevere through all of the ups and downs of business in order to achieve their goals and dreams.

8. Strong people skills

Entrepreneurs use strong communication skills to sell products and motivate employees. Most successful entrepreneurs know how to motivate their employees so the business grows overall. They are very good at highlighting the benefits of any situation and coaching others to their success.

9. Strong work ethic

Highly-successful entrepreneurs are always willing to put in the necessary effort. They are leaders that set a strong example to others, especially in the sense of urgency and responsibility. The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace.

10. Passion

One of the most important qualities of a successful entrepreneur is passion. They genuinely love their work. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives which goes beyond the money. The successful entrepreneur will always be reading and researching ways to make the business better. They are willing to put in their time and effort to learn new techniques or applications in order to stay ahead of their competitors. They make sure that they are always learning new things about their industry to keep abreast of new developments and be as efficient as possible.

Successful entrepreneurs want to see what the view is like at the top of the business mountain. Once they see it, they want to go further. They know how to talk to their employees, and their businesses soar as a result.

If you want to find out and improve your strengths and qualities as a successful entrepreneur, you can do that at HIGH5test.

About The Author

Matt Wilson is Co-Founder of Under30Experiences, a travel company for young people ages 21-35. He is the original Co-founder of Under30CEO (Acquired 2016). Matt is the Host of the Live Different Podcast and has 50+ Five Star iTunes Ratings on Health, Fitness, Business and Travel. He brings a unique, uncensored approach to his interviews and writing. His work is published on Under30CEO.com, Forbes, Inc. Magazine, Huffington Post, Reuters, and many others. Matt hosts yoga and fitness retreats in his free time and buys all his food from an organic farm in the jungle of Costa Rica where he lives. He is a shareholder of the Green Bay Packers.

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