Three Traits You’ll Find in Successful Entrepreneurs

Entrepreneurs tend to have certain characteristics that others may not have. Starting your own business takes a lot of hard work, risk and sacrifice. The hours are long and there are constant daily challenges that you may have to deal with 24/7. When you think of successful entrepreneurs, people like Bill Gates, Donald Trump or Mark Zuckerberg (to name a few) may come to mind. Many of these individuals have similar types of personality traits that stand out above the rest, which makes them among the most successful entrepreneurs in the business world. If you are interested in pursuing a career as an entrepreneur, check to see how many of the following traits you have. (You may in fact have what it takes to become a successful entrepreneur!)



Leadership
“Are entrepreneurs born or made?” This is a question that is often debated, but having strong leadership qualities is always present in a successful entrepreneur. Having a vision, assertiveness and confidence are all characteristics of an effective leader. While confidence plays a big role in succeeding in anything you do, a great leader also knows when to listen to others. Successful leaders and entrepreneurs often have strong communication skills and the ability to motivate a team by setting the standard by displaying positive work qualities and poise.

 

Passion Believing in what you do is an essential quality to being successful in any business. As an entrepreneur, you must be the biggest believer in the service or product that you have to offer. Having the belief that what you do is important is the foundation of everything – from self-motivation to the ability to kick-start your business to being able to handle any problems that arise. Even the most successful entrepreneurs dealt with multiple setbacks. Things are going to go wrong, and a successful entrepreneur is able to be resilient and learn from failures – without any loss of enthusiasm or getting sidetracked.

 

Flexibility Since successful entrepreneurs are risk-takers, they are not afraid of failure. This doesn’t necessarily mean that they make careless decisions but instead choose the calculated and best ones that will benefit their business. Adaptability is also a necessary trait, as one needs to be able to go with the changes and challenges within particular industries. Very rarely will business plans stay the same from start to finish when a venture is started. Successful entrepreneurs welcome change and innovations to help improve their products, services and businesses.

 

Here at Elmira Business Institute, we see plenty of enthusiastic and determined aspiring entrepreneurs (possessing all of the traits listed above) who come through our doors as Small Business Management students in our Business Administration associate degree program. If you feel you have what it takes to be a successful entrepreneur, you can earn your certificate in Small Business Management in as little as eight months through EBI’s program. You will learn how to develop your own strategic business plan, analyze today’s market, and much more. For more information, simply complete and submit this online form. Or, call an EBI educational advisor now at 607-733-7177 for the Elmira Campus or 607-729-8915 for the Vestal Campus to get started!