Ten Personality Traits of Successful Entrepreneurs

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Before deciding to go into business for yourself, it is important to determine if you have the right personality to do so.


Realizing whether or not you have the right personality to start a business can not only save you from wasting a lot of time and effort in the future – it can potentially save you a great deal of money.   



The following are ten qualities that have been proven to be extremely beneficial for entrepreneurs.


  • ·         Self-confidence:  Believing that your success depends on the work that you do, and not on things beyond your control. Remember that it is important to keep your self-confidence realistic.
  • ·         Goal-orientation: Having a clear vision of what you want.
  • ·         Reliability: By meaning what you say, and doing what you promise, you will form important and meaningful business relationships.
  • ·         People skills: Even though independence is a strong characteristic of many successful entrepreneurs, having the ability to work/get along with people is perhaps even more important. You’ll have to work with customers and clients, employees, suppliers, investors, etc.
  • ·         Resourcefulness: The ability to try different ways of doing things if the first way does not work.
  • ·         Strong nerves: Hopefully difficult times will not be plentiful when running your business, but they will likely occur on occasion. Having the ability to remain calm and properly handle yourself and your business during these times is undoubtedly an important characteristic to have.
  • ·         Risk-management skills: Having the ability to identify risks, and prepare a plan to soften their impact or overcome them.
  • ·         Organizational talents: It will prove to be extremely beneficial if you have the capability to organize your time, accounts, goals, etc.
  • ·         Objectivity: Having the strength to acknowledge your own mistakes and accept reality could mean the difference of the success or failure of your business. Being able to accept reality and accept feedback about your business is undeniably important.
  • ·         Opportunism: The skill to identify opportunities when they present themselves, and also to seek them out, or even create your own opportunities.


In addition to these ten qualities, being able to accept that you will not receive a regular paycheque, and you will not get paid for sick days will come in handy.


If these qualities do not come natural to you, work on developing them to increase your likelihood of being successful as an entrepreneur.