Personality Traits: Entrepreneurs Must Always Have to Succeed

Personality Traits: Entrepreneurs Must Always Have to Succeed

Success is not defined by what school you went to or how many degrees you have.  It is primarily reliant upon your personality, mindset, and outlook on life. When you think of business owners, the type-A person comes to mind.  However, it is different for entrepreneurs because they are far more flexible and tend to be more “street smart” than “book smart.” According to a study from CPP, the top two personality traits that entrepreneurs exhibit are perception and intuition.  These results are based on the fact that success rarely comes from people who are the smartest. Instead, success comes to people who see and take advantage of opportunities. Ultimately, there are five character traits that all entrepreneurs need to exhibit in order to be successful

Passion

For an entrepreneur, making money should not be the primary focus.  Although making money is very important, entrepreneurs should feel passionate about their work and feel as if they are making a difference in the world.  The time and effort required to manage a startup is immense. Thus, entrepreneurs often to do what they love, or else there would be limited effort being contributed to the company.

Furthermore, entrepreneurs should not fear the hard work necessary to bring a startup to success.  If they are passionate about their dream they should genuinely enjoy working. In addition, this dedication promotes an entrepreneur’s resiliency.  Overall, the perseverance needed to drive a new enterprise stems from the passion of the entrepreneurs leading the company.

Motivation

Entrepreneurs are not reliant upon a coach or supervisor to push them towards success.  They need to be motivated individuals who want to see their company succeed. In turn, this drive spreads throughout the entire business and inspires others to be efficient.  In his book, “Leaders Eat Last: Why Some Teams Pull Together and Others Don’t,” motivational speaker Simon Sinek writes, “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”  Successful entrepreneurs pursue their dream with unrelenting force and motivate others to do the same.

Optimism

At the onset of starting a business, it might feel like the company will never be successful.  The profits might be low and the offered product might not be attracting much attention. However, successful entrepreneurs do not allow for these thoughts to enter their minds.  They always look to the future rather than reminisce on past events. In his essay “Thoughts on Various Subjects,” Jonathan Swift wrote, “Vision is the art of seeing things invisible.”  Entrepreneurs often have a vision that can be seen by few others. It is their duty to show others this vision and outline ways for it to become a reality.

Creativity

Entrepreneurs have the unique ability to think differently than everyone else.  They see the world from a distinct perspective and can think outside the box. The most successful companies come from the biggest and most revolutionary ideas.  These ideas need to come from a place of creativity. Thus, these visions have the ability to disrupt markets and make large profits in the future.  

In “Conversations with Maya Angelou,” Jeffrey M. Elliot quoted Maya Angelou as saying, “You can’t use up creativity. The more you use, the more you have.”  Successful entrepreneurs are always looking for ways to expand on their previous ideas to improve them and maximize their efficiency. New business owners should never be content with the status quo.

Risk-Takers

Taking risks should never scare entrepreneurs.  It is necessary to achieve goals and successful new business owners understand this concept.  In his book “The Four-Hour Workweek” entrepreneur and author Tim Ferriss writes, “What we fear doing most is usually what we most need to do.”  Entrepreneurs who remain complacent will never be successful. They should not let potential setbacks prevent them from working towards their goals.  Instead, entrepreneurs need view challenges as opportunities for future growth.  

In entrepreneurship it is critical to develop the right network to ensure future success.  The stronger these characteristics are embodied, the larger this network can become.  

Source

Patel, S. (2017, August 21). The 5 Personality Traits All Entrepreneurs Must Have. Retrieved July 1, 2019, from: https://www.entrepreneur.com/article/298650

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