What are some of the most common traits among people who are their own boss? To be a successful entrepreneur, you must have — or develop — certain personality traits.
That reason you get up in the morning! Entrepreneurs are:
- Enthusiastic – High energy levels and are sometimes impatient.
- Optimistic – Believe they’ll be successful and are willing to risk their resources in pursuit of profit.
- Future Oriented – Always thinking about their business and how to increase their market share.
- Resilient – Failure is the next step to success, “I bounce back” as stated by Big Sean 😉
2. Creativity and Persuasiveness
Creativity comes in many forms, and that’s the beauty of it! You don’t have to be an artist to be creative.
- Recognize opportunity (creative insight) and pursue it.
- Possess strong selling skills and don’t take no for an answer.
- Always on the look out for new ways to get the word out about your business/side hustle.
Being an entrepreneur means you might be flying solo for a while – which is fine! Most of us can’t hire on staff at first. Therefore organization is key when you are the social media gal, podcaster, business mind, and so on. You need to do some planning a head of time, but use your creativity.
4. Superb Business Skills
These come with practice, networking, and confidence is key!
- Set up the internal systems, procedures and processes necessary to operate a business.
- Focus on cash flow, sales and revenue at all times.
- Follow, reach out to, and emulate industry professionals in your same field.
- Evaluate your current talents and professional network. Will your skills, contacts and experience readily transfer to the business you want to pursue?
5. Risk Tolerance
Any entrepreneurial venture is inherently risky. The key is to limit the amount of uncertainty as much as possible before investing resources.
- Reduce your risk by thoroughly researching your business concept, industry and market.
- Test your concept on a small scale – A/B test your marketing material, ask people if they like the concept, and continuously test who and where your market is.
The answer to the unasked question is always no – you are in the driver’s seat, pedal to the metal baby.
- Do you believe in your idea? Are you willing to chase it?
- When you see an opportunity to grow to you seek it?
- Drive is what will take you from ideation to reality.
Do you know how you want this project to look and function in the end? Vision is a product of:
- Trusting yourself
- Knowing that you will deliver consistent results
- Understanding why you are doing it in the first place – the goal
- Having the capacity to overcome hurdles
- Taking steps to get to the goal
8. Flexibility and Open-Mindedness
Starting a business means facing a lot of unknowns.
- You will need to be ready to tweak any initial plans and strategies.
- New and better ways of doing things may come along as well.
- Can you be open-minded and flexible in the face of change?
Just pick one! Refer to #8 about the unknown. It’s scary but when you know the direction you want this project to go in, trust your gut, stick with your choice, and don’t look back.
Entrepreneurs are not known for procrastination or indecision:
- These traits stall progress
- Cause you to miss crucial opportunities that could move you toward success.
Carpe motha f**kn diem! Get out there and just try. Even if it is just one step a day – but think about it actively the next time you make choices regarding business. Think objectively, “Am I acting like an entrepreneur?”