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10 Qualities of a Successful Entrepreneur

| September 27, 2010 | 72 Comments

entrepreneurSuccessful businesspeople have many traits in common with one another. They are confident and optimistic. They are disciplined self starters. They are open to any new ideas which cross their path. Here are ten traits of the successful entrepreneur.

1. Disciplined

These individuals are focused on making their businesses work, and eliminate any hindrances or distractions to their goals. They have overarching strategies and outline the tactics to accomplish them. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives.

2. Confidence

The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do.

3. Open Minded

Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being generated about workflows and efficiency, people skills and potential new businesses. They have the ability to look at everything around them and focus it toward their goals.

4. Self Starter

Entrepreneurs know that if something needs to be done, they should start it themselves. They set the parameters and make sure that projects follow that path. They are proactive, not waiting for someone to give them permission.

5. Competitive

Many companies are formed because an entrepreneur knows that they can do a job better than another. They need to win at the sports they play and need to win at the businesses that they create. An entrepreneur will highlight their own company’s track record of success.

6. Creativity

One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will repurpose products to market them to new industries.

7. Determination

Entrepreneurs are not thwarted by their defeats. They look at defeat as an opportunity for success. They are determined to make all of their endeavors succeed, so will try and try again until it does. Successful entrepreneurs do not believe that something cannot be done.

8. Strong people skills

The entrepreneur has strong communication skills to sell the product and motivate employees. Most successful entrepreneurs know how to motivate their employees so the business grows overall. They are very good at highlighting the benefits of any situation and coaching others to their success.

9. Strong work ethic

The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace.

10. Passion

Passion is the most important trait of the successful entrepreneur. They genuinely love their work. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives which goes beyond the money. The successful entrepreneur will always be reading and researching ways to make the business better.

Successful entrepreneurs want to see what the view is like at the top of the business mountain. Once they see it, they want to go further. They know how to talk to their employees, and their businesses soar as a result.

Your author, James Adams, is a prolific tech writer who works at an online supplier of Canon cartridges where he reviews products such as the Canon CLI-521.

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Category: Startup Advice

  • http://twitter.com/ZackShapiro Zack Shapiro

    I’d add optimism to this list.

    Entrepreneurs have to be so unreasonably optimistic in times of stress and strife. Sometimes it’s the only thing keeping some of us going.

    I wrote a little bit about it on my site in a post called Stay Positive. I’d love your thoughts on it (http://www.thestartupstudent.com/post/1156866624/stay-positive)

    Great list.

    ZS

  • http://www.zimo.co Zimo

    It’s a great article, entrepreneurs have totaly different approach to life

  • http://www.michaelgholmes.com Mike Holmes

    Seems like a pretty thorough list

  • http://www.facebook.com/armandomontelongo Armando Montelongo

    Seems like a pretty tight list. I feel passion should be number one, since it’s stated it’s the most important.

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  • Parag

    Some entrepreneurs didn’t have the proper educational background and yet they’ve become successful in their chosen field. The fact is, there are many successful entrepreneurs without the proper business education.
    Successful entrepreneur

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  • TOPSIING

    I CAN ALSO ADD BY SAYING THAT ENTREPRENEURS A PEOPLE WHO HAS SKILLS AND KNOWLEDGE ON HOW TO FORMULATE A BUSSINESS.THEY HAVE EXCEPTIONAL AND ORGANIZATIONAL SKILLS

  • http://entrepreneurweek.com/ Young entrepreneurs

    Very nice and interesting post. i liked it so much. these qualities are really very important for a successful entrepreneur.

  • Kandyaquasaman

    Most entrepreneurs start without any mony in hand, others blames, some times they have to starving, But ultimately others ask allthing from them.

  • Kandyaquasaman

    Most entrepreneurs start without any mony in hand, others blames, some times they have to starving, But ultimately others ask allthing from them.

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  • Njukieric

    they are wanderful

  • Karan rana

    entrepreneurs like dhiru bhai ambani has no high educational background but still he have confidence nd passion to become rich person in life .nd he achieved his aim

  • Karan rana

    entrepreneurs like dhiru bhai ambani has no high educational background but still he have confidence nd passion to become rich person in life .nd he achieved his aim

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  • http://www.facebook.com/profile.php?id=100003129707488 Priyaa Gandhi

    very helpful

  • http://www.facebook.com/profile.php?id=100003129707488 Priyaa Gandhi

    very very helpful

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    Kudos to an excellent list! I think determination is the most important because no matter what obstacles get in your way determination will set you past them.  

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    Kudos to an excellent list! I think determination is the most important because no matter what obstacles get in your way determination will set you past them.  

  • http://www.kitchencabinetkings.com/ kitchen cabinets wholesale

    Kudos to an excellent list! I think determination is the most important because no matter what obstacles get in your way determination will set you past them.  

  • http://www.kitchencabinetkings.com/ kitchen cabinets wholesale

    Kudos to an excellent list! I think determination is the most important because no matter what obstacles get in your way determination will set you past them.  

  • http://www.kitchencabinetkings.com/ kitchen cabinets wholesale

    Kudos to an excellent list! I think determination is the most important because no matter what obstacles get in your way determination will set you past them.  

  • http://www.kitchencabinetkings.com/ kitchen cabinets wholesale

    Kudos to an excellent list! I think determination is the most important because no matter what obstacles get in your way determination will set you past them.  

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  • Abdulkarim, M.

    Thanks your article has help me develop reading material for my students and you shall be acknowledge.

  • Abdulkarim, M.

    Thanks your article has help me develop reading material for my students and you shall be acknowledge.

  • Abdulkarim, M.

    Thanks your article has help me develop reading material for my students and you shall be acknowledge.

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  • Trecia

    waw this is great,short and clear

  • Trecia

    waw this is great,short and clear

  • Trecia

    waw this is great,short and clear

  • http://www.facebook.com/sandisiweh Hlazo Sandisiwe

    ya….it is a great article bt a bit hard….but if u knw everythng about business u cn understand.

  • http://www.facebook.com/sandisiweh Hlazo Sandisiwe

    ya….it is a great article bt a bit hard….but if u knw everythng about business u cn understand.

  • http://www.facebook.com/sandisiweh Hlazo Sandisiwe

    yes….it is very helpfull and easy 2 understand them step by step…

  • ivydesiree

    i said characteristics ot qualities

  • frances

    this is indeed a great one

  • Nanduraje

    This will help to increase our careers prospectus

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  • Makombejoe5

    At times one has to source for income by working for an entity,then gain experience,knowledge and income then after stabilization one can start there own bussiness after geting capital

  • Bhupesh kumar

    its really great to know such wonderful entrepreneurial qualities

  • Bhupesh kumar

    its really great to know such wonderful entrepreneurial qualities

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  • Anayeokwu Tony

    Nice It pays to Be an entrepreneur

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  • http://www.facebook.com/john.alaeziokwe John Alaezi Okwe

    I am impressed an encouraged.

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  • kenneth sabado

    iyot

  • kenneth sabado

    you so beautiful priyaa gandhi

  • haritha jayan

    wow,this is a wonderful article

  • Marie Duguay-Wattier

    i agree with passion, i also think determination should fallow, those are two very important parts.

  • MICHAEL MARCEL

    I READ THE ARTICLE ABOUT QUALITIES OF SUCCESSFUL ENTREPRENEURS, IT WAS GREAT!

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  • yayayayyayya

    this is shit!

  • ILOVESUCKINGBIGBLACKDILDOS

    This person below me doesn’t know the true meaning of life v

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    fuck up

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  • allan felix

    What are myth of interpreneurship

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  • John Cameron

    Entrepreneurs bring business ideas to life. As the business grows entrepreneurs need to make room for the company owner mindset. If the business grows and exceeds the capacity of the company to process it effectively then problems will result. Company owners build the strength of companies and it involves a different approach and skill set from those of an entrepreneur. From the book ROCK SOLID – How to Strengthen Your Company http://www.rock-solid-business-coach.com/

  • http://entreb.com/ Entreb

    Great list! What I like in being an entrepreneur is that you can be free and push your limit, but you still observe discipline. Freedom and discipline are two things that can hardly be combined. But successful entrepreneurs know how to combine them.

  • GET A LIFE

    HA GAYY!!

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    hi this is devraj i would like to share my idea for solution in india problems
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  • Joel Annesley

    I believe a lot of these skills can be learnt, some may be more difficult than others… for example, not all entrepreneurs start out with fantastic people skills! If you’re naturally a creative person, I think this is a great starting point. If you love what you do then you’ll naturally develop other qualities over time.

  • Yaya Naon

    it’s very genial. thanks yu very much for your hejp.! God bless you. it helps us for exposes

  • aziza bolden

    Expecting what one wants, has a serious affect on what one receives!
    Stay balanced in the middle, is where you may see and make better
    decisions. Use all obstacles encountered as learning lessons, and keep
    on going. Let each obstacle encountered, strengthen you! I was hit by an
    SUV Truck at 40 miles per hour and thrown 15 ft, while on foot!
    I cannot give up, for that is not what and who i am! Don’t you give up
    either, and if you need encouragement, digest this…
    http://fastforward2wealth.com/.