15 Important Characteristics Of Successful Entrepreneurs
At first glance, it might seem like people have many different ideas and opinions on the characteristics of successful entrepreneurs. But whenever you find a new article on the topic, it’s always a repeat of the same things.
Passion, hard work, persistence, and all the usual stuff. Writers always tend to gravitate to these tried and tested ideas. But why would anyone read their content if it was the same as the rest? So in an attempt to stand out, the writers take creative liberties.
The end result?
(If you’re going to name an article “5 Characteristics of Successful Entrepreneurs”, at least make sure “Michael Bloomberg” isn’t one of the characteristics…)
That being said, here’s our stab at the topic. No nonsense, just character traits with a short explainer. You might find out that you already possess many of the required characteristics to become a successful entrepreneur. Read at your own leisure and enjoy!
#1 VISION to start you on your journey
No matter the person, it always starts with an idea. A dream. An unfulfilled wish. The need for something better. Or the desire for a more pleasant life.
If you can vividly imagine yourself relaxing on the beach every day, it’s already on the same level as imagining a world filled with flying cars.
Not having this vision, ANY vision, is like having a car, but not having a destination. You can make a business, but will it ever be successful? Will it ever mean anything? Will it ever get you anywhere? Sure, you’ll get somewhere, but it will always be nowhere.
#2 PASSION to reinforce your vision
When your vision grows to the point it occupies every corner of your mind, it has already turned into a passion. It’s the sign you desire that future so much, you won’t ever stop pursuing it.
#3 COURAGE to take the first step
Any type of vision or passion is meaningless without the courage to see it through. You can ask the most successful entrepreneurs and they’ll give you the same answer. The hardest thing they ever did was taking the first step to their grand idea.
They overcame the fear of failure. And they weren’t afraid of the risks involved. All because they mustered the courage to make their dreams come true.
#4 MOTIVATION to keep going
To do anything in life you need motivation. Whether it’s getting up early in the morning. Or if it’s fulfilling your daily responsibilities. It’s the fuel that takes an entrepreneur to success. And it’s the support that keeps them at the top.
#5 PERSISTENCE to overcome any roadblocks
When things take too long or go horribly wrong, it’s very easy to become disheartened and give up along the way. But no entrepreneurial journey is always smooth sailing. What sets successful entrepreneurs apart is that they overcome challenges and grow because of them.
#6 OPTIMISM to broaden your perspective
On your journey to so success there will be mistakes, failures, bad interactions, and many other things that can bring you down. How you take these moments is what makes you or breaks you.
Would you rather beat yourself up endlessly? Or would you rather extract the positives and move on unperturbed? Anyone can see the negatives. But only true entrepreneurs can see the rewards.
#7 CREATIVITY to eliminate competition
The best entrepreneurs are the ones who do things differently. Or rather, they think of new and creative ways to do things. Whether it’s a method of selling, advertising, production, or evolving a product. It’s the thing that sweeps their competition from its feet. And it’s also what makes them into an unstoppable force on the path to success.
#8 AWARENESS to see both the details and the big picture
When it comes to fully understand your niche and business, it’s not just about memorizing names or numbers. The important thing is what comes after. How did someone else succeed? What did they do to get here? Why are they still relevant? And how it’s all connected? When you can answer all these questions without thinking, your awareness is at its highest. And you already have all the tools to succeed.
#9 FORESIGHT to plan accordingly
Running a successful business isn’t just about planning for today or tomorrow or the week after. It’s about looking months and years ahead. You need to be able to use existing information to see how the future will unfold. That way your plans will never go wrong and will always be on point.
#10 HUMILITY to develop closer relationships
Whether it’s your clients or your employees, humility will make you seem more approachable, relatable, and trustworthy.
Who would you rather work with? A larger than life businessman clad in gold? Or someone who seems like a regular person without ever letting success go to their head?
#11 EMPATHY to improve your business
Your journey starts with your vision and your needs. But along the way, it changes to being about the needs of others. When you listen to the needs of your clients, it’s a wonderful opportunity to improve your product. And when you listen to the needs of your employees, it’s a way to make your business run even smoother.
#12 FLEXIBILITY to adapt to the changing times
The world is constantly evolving and changing. And entrepreneurs are innovating in many fields besides yours. But some of these innovations will drastically impact your business. Will you resist change till your business takes its last breath? Or will you embrace change to propel your business to even greater heights?
#13 CURIOSITY to never stagnate
The most defining characteristic of us humans is growth. We change, learn, adapt, and improve in many ways. But when entrepreneurs taste even the tiniest measure of success, they sometimes forget their path there. They sit on their ivory thrones, insisting that their knowledge is absolute. That’s where they stagnate and fade into obscurity.
The truth is that there’s always more to learn. There’s always a way to improve. And your personal growth will also reflect on your business, causing it to improve as well.
#14 INDIVIDUALITY to make you stand out
Company culture, slogan, logo, or anything else that makes you or your brand stand out among the rest. It’s the things that catch the interest of people and what makes them stick around.
#15 AMBITION to be at the very top
If you want to become a successful entrepreneur, there’s no other way than aiming for the very top of the mountain. Why? Because even if you never get to the top, you’ll still be a successful entrepreneur. Others won’t succeed simply because the goals they set for themselves are too small. Like the saying goes: “Shoot for the moon and you’ll land in the stars.”
That’s the end of the list. These were our top 15 picks for characteristics of successful entrepreneurs. Let us know what you think in the comments!
Maybe we missed a characteristic? Or maybe there’s something you’d like to add to any of the points? Your thoughts are very much appreciated!
Important thing to note, however, is that you don’t need all of these characteristics to become a successful entrepreneur. You’d be really lucky to find a successful entrepreneur who has more than a half of these.
But even then, there’s a way they overcome their lacking aspects. It’s with the help of great habits! These expand your strengths and negate your weaknesses. And they also make every part of your life better and more enjoyable.
To help you get started, we’ve compiled 21 powerful habits into a free book! So if you want to try them out for yourself, click on the book below!
See you next time, live empowered!
Here are 8 additional character traits of successful people from Richard St. John. Really valuable and humorous to boot!