5 Key Traits That Show In Successful Entrepreneurs

5 Key Traits That Show In Successful Entrepreneurs

Many startup businesses will fail in their first year. If you believe you can run a business, but unsure if you could be a successful entrepreneur, know that it’s quite possible to have both.

For you, it means learning how an entrepreneur acts, thinks and responds. It means having the kind of personality it takes for a successful entrepreneur.

Think you have what it takes to be a successful entrepreneur?

It wasn’t until the last decade or so that people’s perception of entrepreneurs changed. During the 1980s, people saw them as uneducated businessmen who made, what looked like, dishonest deals. There was little information about their success and what made them successful. It was big business that got all the attention.

Times have changed though!

Today’s generation has more expectations from their career than previous generations. They want money, flexible hours, satisfaction and being able to express themselves. They would love to have a four-day work week and be able to telecommute. There are more small businesses today than ever in U.S. history. Smaller businesses are also employing great talent and can compete against the corporate world. How so?

They’re giving prospective employees what they want and desire.

There are a plethora of sources that can help people become an entrepreneur – books, online courses, business coaches, etc. Many colleges and universities are also holding courses and offering degrees in entrepreneurship. There are an array of resources to learn about being a successful entrepreneur, and it has allowed this generation to learn what it takes to be a successful one.

5 Traits Entrepreneurs Tend To Share

Now, every entrepreneur is different, so there is no perfect profile to assume. However, there are traits that these individuals to share in common. What kind of traits do successful entrepreneurs tend to offer?

Availability – Small businesses often have the owner present. Why? Most are just starting out and don’t have the money that allows them to hire support staff to deal with the business aspect of the company. Thus, they are often working long hours or hire talented people to help them. In some cases, it’s both.

Motivation – Most entrepreneurs don’t do well in structured environments and dislike the idea of authorities telling them what to do. They are frustrated by rules, politics and bureaucracy. It’s for this reason, they go into business for themselves. They can create their own business strategies and attain goals the way they want.

Confidence – Entrepreneurs are often confident in themselves. They like the idea of being in control and working alone. They can face problems and deal with them quickly and confidently. They can address problems and will take risks when necessary. When adversity strikes, they thrive. If someone tells them they can’t do something, they’ll work hard to prove that they can.