7 Characteristics that Successful Entrepreneurs Have


Let’s face it – if you’re considering becoming an entrepreneur sometime in the near future, you’re nervous. You’re wondering if it’s right to put your corporate career on hold and there’s likely a little voice at the back of your head that’s constantly asking you ‘what if’. What if nothing goes according to plan? What if no one buys what you’re selling? What if you take a financial hit because your business doesn’t work out?

Here’s what you need to know: what you’ve read is true – entrepreneurship is very, very hard, even thankless at times. But if you thrive when you’re in complete control of your business and life, you have a passion that you want to spread to the world, and you’re naturally inclined to entrepreneurship, then owning your own business is your calling! For those of you still on the fence, here are seven characteristics that all successful entrepreneurs share:

1. They know that failure is the quickest way to learn how to succeed. This doesn’t mean they aren’t afraid of failure – what differentiates entrepreneurs is that they have the confidence they need to get back up on their feet again even after failing down numerous times. They know that each failure is a learning opportunity that will help them grow into a better business owner.

2. They understand the value they have to offer. When you’re committed to the belief that you have value to offer the world, it’ll be harder to give up when the goings get tough. I recommend writing out your top 10 value offerings on a sheet of paper right now. Say them to yourself every morning when you wake up. This will help you create the mindset and belief in yourself that you need to succeed in entrepreneurship.

3. They know how important integrity is. They will never compromise their reputation for anything, because in the small business world, your reputation and what people say about you is everything.

4. They are their authentic selves. Being authentic means not putting time and effort into trying to be someone you’re not, which frees up a lot of brain power to do more important things in life.

5. They are tenacious. They are the people who will set an overall vision for themselves and not stop until they achieve it. They keep going through the tough days, weeks, and even months. If you’re nervous about whether or not this is you, sit down for a week or six and set out a business plan that contains your overall vision. This will give you the direction you’ll need to be able to envision when you feel like giving up.

6. They are resourceful. I bet you thought I was going to say creative! Entrepreneurship necessitates creativity no matter which industry you go into, but the most important characteristic that entrepreneurs have is that they are resourceful – they are able to find creative ways to get things done cheaper, faster, and better.

7. They are ready to try new things. I purposely wrote ‘ready’ and not ‘eager’. I’ve met very few people who are constantly ready to try new things. Entrepreneurship doesn’t mean being seriously excited about every aspect of your industry and business, because not even the most multipassionate people will be. There will always be that task – social media, finances, website upkeep – that you don’t like and wish you didn’t have to do. But, because you’re dedicated to an overall strategic vision, you’re willing and ready to do everything it takes to set yourself up for success.

Are you considering entrepreneurship? What are you afraid of? Are you a successful entrepreneur with advice to share? Let me know in the comments section!

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