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Top 7 Traits of a Successful Entrepreneur

If you've already taken the plunge as an entrepreneur, you know that it takes a great deal of planning, development and strategic marketing to succeed. Whether you're the CEO, CFO, Chief Marketer or Chief Solutions Officer of your company, your journey to success is probably full of trials and tribulations. There are 7 traits to success and we share them with you here.

1. Successful entrepreneurs gain the respect of their peers.

One of the first and most obvious characteristics you'll see operating in an exceptional entrepreneur is an equitable and unbiased disposition. The successful entrepreneur recognizes that no one is above or below. With an attitude of respect for others, the successful entrepreneur gains the respect from everyone they encounter. Strategies, attitudes and methods filter down to each person and reflect on all actions and activities. No matter how effective or beneficial your expertise, becoming a successful entrepreneur requires building up of your character muscles, traits and habits.

2. Successful entrepreneurs believe and trust in themselves.

The savvy entrepreneur is good at trusting his or her own ideas and instincts. Starting out as an entrepreneur requires persistence, determination and a high level of self-discipline. Continuing as a successful entrepreneur requires even more persistence, determination and self-discipline. The wise and successful entrepreneur knows this and works hard at developing their level of confidence. If you have a strong code of ethics and believe in yourself, then your ideas can work. Having the desire and passion are the first steps on your journey; getting there requires believing in yourself.

3. Successful entrepreneurs follow a plan.

The successful entrepreneur follows a plan. That doesn't mean you won't go off course if another road seems better, but it's more effective to have a plan in place. Most successful entrepreneurs start out by writing a basic business plan that acts as the impetus and guide for their endeavors. It doesn't have to be fancy or lengthy but it should include marketing strategies, goals, intentions, ideas and why you can do better than your competition. A business plan should be reviewed and updated periodically for each new idea inspires other ideas.

4. Successful entrepreneurs think creatively.

Successful entrepreneurs are not afraid of thinking creatively. Whether a business idea has already been tried makes no difference to the exceptional entrepreneur. He or she sees better ways of doing things and knows that every idea can be made better. The successful entrepreneur is willing to think outside or the box, which means using imagination, trying new things and expanding on a vision. The savvy entrepreneur pays careful attention as to whether a particular strategy is working. If after giving it his or her best shot the entrepreneur realizes the particular strategy isn't working, they know there's no point in continuing to invest energy, time and effort in the strategy. They move on to another approach and idea.

5. Successful entrepreneurs explore their exceptional skills.

Successful entrepreneurs realize that we each have our strengths and weaknesses as well as a multitude of skills and talents. Successful people ask themselves often what skills they have that no one shares in the same way. An exceptional and successful entrepreneur explores their particular skills until they find the ones that match most closely with their ideal. They don't try to be and do everything. If the successful entrepreneur needs help, they're willing to find someone who can do it better, and allows in the support. The successful entrepreneur stays open to change for they recognize that as they move forward, doors open in unexpected places that carry them to their next level of success.

6. Successful entrepreneurs envision their success.

The successful entrepreneur gives time to envisioning how they want their business to be. Imagine what it will feel like when you've reached a particular set of goals. Get in touch with the feelings you'd have as a successful entrepreneur. Practice and conceive of the sense of empowerment and the joy of having succeeded. The successful entrepreneur knows they have the power to live life the way they want, but to make it a reality, they know it has to be seen first.

7. Successful entrepreneurs never give up.

Giving up is never an option for the successful entrepreneur. Having faith, trust, confidence and determination are the qualities needed for the successful entrepreneur. To keep their focus on track, they seek out the support of those that know them, encourage them and bring out their natural enthusiasm. The smart and successful entrepreneur realizes that there will be good days and not so good days. Being a successful entrepreneur requires accepting the ebbs and flows of business for it is what separates the successful entrepreneur from the one who gives up too soon.

2004 Robert Moment

Robert Moment, author, business coach and success strategist is the author of a best-selling book, "It Only Takes A Moment to Score". Founder of The Moment Group, a small business coaching & consulting firm.

 

 
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