The 7 Qualities of Successful Entrepreneurs

We all develop some unique qualities within us while growing from a small child to a young man. During our life span we see, hear, and observe a lot of things that happens around us. It is the human brain’s nature that it observes the events happening around and make a human being aware of these specific conditions and finally helps in the development of one’s personality. When we talk about entrepreneurs, the same conditions apply here too. However, the best entrepreneurs do share a collection of characteristics, from tenacity to the ability to tolerate risk, that is crucial to a successful venture. Apart from these, there are many traits/ qualities that an entrepreneur must possess to achieve success in his professional and as well as in his personal life.  I am talking about few traits here in this article.

  1. Proactive Approach: Being Proactive is all about taking responsibility for life. Proactive people don’t blame genetics, circumstances, conditions, or conditioning for their behavior and recognize that they are “response-able”. Reactive people, on the other hand, are often affected by their physical environment and find external sources to blame for their behavior. A proactive person uses proactive language–I can, I will, I prefer, etc. A reactive person uses reactive language–I can’t, I have to, if only. Instead of reacting to or worrying about conditions over which they have little or no control, proactive people focus their time and energy on things they can control. Gaining an awareness of the areas in which we expend our energies in is a giant step in becoming proactive.
  2. Creating Personal Mission Statement: Every entrepreneur must have his Personal Mission Statement. It focuses on what they want to be and do. This statement reaffirms who you are, puts your goals in focus, and moves your ideas into the real world. Your mission statement makes you the leader of your own life. You create your own destiny and secure the future you envision.
  3. Putting First Things First: One must be aware of the importance different things in his/ her life. If you inculcate the previous two qualities within you, it will not a difficult task for you to gain this quality. Putting First Things First is all about life management as well–your purpose, values, roles, and priorities. If you put first things first, you are organizing and managing time and events according to the personal priorities you established in your life. It happens day in and day out, moment-by-moment. It deals with many of the questions addressed in the field of time management.
  4. Follow Win-Win: With a name, it looks like all of being nice or a quick-fix technique. Rather, it is a character-based code for human interaction and collaboration. Usually, we base our self-worth on comparisons and competition where we think about succeeding in terms of someone else failing–that is if I win, you lose; or if you win, I lose. On the contrary, win-win sees life as a cooperative arena, not a competitive one and is a frame of mind and heart that constantly seeks mutual benefit in all human interactions. It is a balancing act between courage and consideration. To go for win-win, you not only have to be empathic, but you also have to be confident. You not only have to be considerate and sensitive, you also have to be brave.
  5. Listening to others: Communication is the most important skill that everyone must learn in their life. Usually, we spend years in learning how to read, write, and speak. We never have any training about listening skills. And because of this, we often ignore the other person completely and pretend that we’re listening. Therefore, developing a habit of listening is as important as responding. This helps you to communicate in a better way rather I can say in the best way ever. And if you can communicate in a better way, most of the things will automatically be done at this stage and hence you can concentrate on other important tasks.
  6. Synergy: In simple words, synergy means “two heads are better than one.” It is teamwork, open-mindedness, and the adventure of finding new solutions to old problems with creative cooperation. Synergy is derived from valuing differences. You truly need to value the mental, emotional, and psychological differences among people. You should avoid expecting everyone agree with you to get everyone along. Many people mistake uniformity for unity; sameness for oneness. If you can make a difference between these words, you could see differences as strengths, not weaknesses.
  7. Self-renewal: Every human being is bound by the four areas of life- physical, social/emotional, mental, and spiritual. To preserve and enhance your greatest asset (i.e. yourself) you should have a balanced program for self-renewal in all of the areas mentioned. Renewing yourself in each of the four areas help you create growth and change in your life. Without this self-renewal, your body becomes weak, the mind mechanical, the emotions raw, the spirit insensitive, and the person selfish. Do not forget that every day provides us a new opportunity for renewal–a new opportunity to recharge ourselves instead of hitting the wall.

Entrepreneurs have different personality traits than corporate managers, scoring far higher on traits such as openness to experience (curiosity, innovation) and conscientiousness (self-discipline, motivation). Entrepreneurs can be guided to success by harnessing crucial attributes. Many scholars, business experts, and venture capitalists say entrepreneurs can emerge at any stage of life and from any realm, and they come in all personality types and with any grade point average.

The 7 Qualities of Successful Entrepreneurs
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