Personality Traits of Successful Entrepreneurs

Do you have what it takes to be a successful entrepreneur? It takes a lot more than just luck and some start-up cash—the people at the top tend to have a specific set of personality traits that are integral to running a business. Here are some character traits of successful entrepreneurs:

Dedication

Successful ventures are run by people who are absolutely, 100% dedicated to the success of their company. Dedication means working a 14-hour day and staying up all night to prepare for a client meeting. Dedication means committing to stick with a new business—even when it’s faltering. Dedication pays off in the end.

Willingness to learn new skills

As an entrepreneur, you’ll need to be able to take over a variety of tasks: everything from accounting to cleaning the bathroom at the office. In addition, you may need to learn new things to save some money. For instance, while you may have an accountant to do year-end taxes, you might need to learn how to keep the day-to-day books. If you’re afraid (or unwilling) to learn new skills, you might not be cut out to be an entrepreneur.

Organization

Successful entrepreneurs are well-organized. They take time to plan everything and are careful to keep accurate calendars so they don’t miss important deadlines and meetings. If you’re spending lots of time every week looking for your car keys and trying to remember if you’ve paid the water bill, entrepreneurship might not be for you.

Goal-oriented

Setting goals and working hard every day to achieve them is key to being a successful entrepreneur. Sometimes the end goal is far away—5 years, perhaps. Breaking down a huge goal into manageable smaller goals is integral for success in business.

Daring

Entrepreneurs boldly go where others won’t. They take risks when others are timid. Successful business owners tend to be gutsy and confident. They don’t take “no” for an answer, and they’re unafraid to promote their businesses to anyone and everyone.

Open-minded

Things don’t always go as planned. The ability to be flexible and make changes as needed is important for entrepreneurs, because they’re often doing something no one has done before. Being able to admit that your first idea didn’t work enables you to quickly move on to the next idea.

Good rapport with people

Networking is important for many careers, but when you’re an entrepreneur, you absolutely must be good with people. You’ll be wooing investors, convincing clients to sign on with you and managing employees. The ability to delegate tasks, charm customers and make connections are all dependent on having great people skills.