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August 30, 2013

Do You Have What It Takes?

Business

Jeff Cochran

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Do You Have What It Takes to Be a Successful Entrepreneur?

A fresh take on things is necessary for successful entrepreneurs, but those independent spirits who really make it in the business world definitely have some major personality traits in common. Of course, hard work, good timing, and just a little bit of luck help, too.

If the following apply to you, you might have just the right personality for making your business dream a reality.

 

Confidence In Your Success

Entrepreneurs don’t succeed by not being entirely sure about their ideas. In fact, building a business venture from the ground up requires jumping over plenty of hurdles that can stop you right in your tracks if you don’t have faith in your ability to scale them.

 

A Little Humility

That said, being overconfident can bring you down just as quickly. The most successful entrepreneurs keep an open mind and have a commitment to constant growth and learning. Humbly seeking out mentors and peers is an important part of making it all work, as is giving credit where credit is due.

 

Dedication and Tenacity 

Starting from the bottom isn’t easy. Your first business venture may fail, an economic downturn could put a wrench in your plans, or a competitor may simply outdo you. Successful entrepreneurs get back on their feet and dust themselves off when things don’t go according to plan, and they’re always ready to learn from their mistakes and do better next time.

 

Serious Self-Motivation

As an entrepreneur, you’re not going to have anyone telling you what to do, when to come into the office, or when you can do better. Successful entrepreneurs have a fire under their feet that they feed themselves.

 

A Penchant for Rule-Breaking

Paradigm shifts and game changing ideas come from an ability to defy convention. Detractors may claim ideas are crazy or impossible to achieve, but successful entrepreneurs know that such claims mean that they’re on the right track.

 

Willingness to Take a Risk (Within Reason)

Entrepreneurship requires a good deal of risk-taking, from financial investments to innovations that present the world with something a little bit unfamiliar. A recent study actually found that successful entrepreneurs engaged in more risky activity in their youths than unsuccessful ones! Of course, the key to success is to take calculated risks.

 

An Eye for Opportunity

Finally, successful entrepreneurs know how to spot gaps that they can fill with their own ideas, and the most successful ones can spot those gaps across multiple industries. Richard Branson, for instance, has managed to grow successful business ventures ranging from transportation to communications.

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