Characteristics of Successful Entrepreneur

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I was recently studying on how to be a successful entrepreneur – reasons being that I lunched my startup not quite long and I desire to make it a successful one.

In my several hours of studies, I got to learn a lot of things, both old and new philosophies that can cause massive success in one’s entrepreneurship journey.

I learned that successful entrepreneurs – the likes of Steve Jobs, who is best known for his “creative genius” or Bill Gates who stands as an epitome of an “iron willed” personality or perhaps Larry Page, known also for his “creative acumen”, who together with Brin created Google.com and single-handedly launched PageRank.com, the foundation of Google’s search ranking algorithm, and a host of others all possess amazing characteristics that distinguish them from the rest of their packs.

So like I said, I learned a lot of things from my research on “how to be a successful entrepreneur” and here are some of the characteristics I particularly noticed from some of my entrepreneurial bosses:

1. Self-belief/confidence/motivated

I have never seen a successful person who doesn’t believe in himself. The truth is there is this magical power of having confidence in oneself and in one’s powers and abilities.

I also learned that successful entrepreneurs are those who think outside of the box – they are spontaneous beings and don’t wait for people to motivate them to work.

They are those people who “JUST DO IT!”

2. Creativity is their forte

Successful entrepreneurs understand the fact that every idea are old ideas and as such work with their creative minds to regenerating such ideas and bringing something worthwhile from out of it. They are indeed innovators!

3. Achievement Oriented

Results are gained by focused and sustained effort. Fact! Isn’t it? And every successful entrepreneur I have come in contact with exude this AO mindset – which simply means a concentrated effort on achieving a specific goal, not just accomplishing a string of unrelated tasks.

4. Risk Takers

They realize that there is a chance of loss inherent in achieving their goals, yet they have the confidence necessary to take calculated risks to achieve their goals.

And in my soon to be published book entitled “You Are The Success Factor” I mentioned this quote from T. S. Eliot:

“To laugh is to risk appearing like a fool. To weep is to risk appearing sentimental. To reach out for another is to risk involvement. To explore feelings is to risk exposing your true self. To place your ideas and dreams before a crowd is to risk their loss. To love is to risk not being loved in return. To live is to risk dying. To hope is to risk despair. And to try is to risk failure. Only those who will risk going too far can possibly find out how far they can go.”

I believe entrepreneurs are people who will make decisions, take action, and think that they can control their own destinies.

They are often motivated by a spirit of independence which leads them to believe that their success depends on raw effort and hard work, not luck.

5. A constant flow of ideas.

And this number 5th is one that I coined from reading Stephen Key’s thoughts on the “Characteristics of Successful Entrepreneurs”.

Here:

“Having one project that’s doing well is great. But the successful entrepreneurs I know don’t rest on their laurels. Instead, they’re constantly asking themselves, “What’s next?” They understand that being a successful entrepreneur is a lifestyle choice, not a destination.”

So which of these five main characteristics is the most important? Believe it or not, it has to be self-confidence.

Without self-confidence, nothing else is possible. If you don’t believe in your abilities, then the first challenge that arises may knock you off the path to achieving your goals.

Here are a few things to keep in mind for maintaining a higher level of self-confidence.

Positive Thinking

Well, it all starts with a positive attitude, doesn’t it? Believing that something good will happen is the first step, negative thinking simply is not allowed.

You must truly believe that there are no circumstances strong enough to deter you from reaching your goals. Remember too, that positive thinking can be contagious. When positive thinking spreads, it can open doors to new ideas, customers, friends, etc.

Action

Now all of the positive thinking and believing in the world is useless if it is not applied towards a goal.

Remember the words of the wise that says, “Nothing moves until something moves”.

You might have the best ideas in the world, if you fail to take action, trust me that idea is as good as useless.

Vividly laid on my mind are the words of Isaac Newton – “All object will remain in a state of rest until a force is applied”. This meaning until you make that bold step of applying those wonderful ideas your world might not celebrate you. So mates, take action today!

Persistent Action

So you’ve been thinking positively and have taken action, right? Fine, but you must know that taking action alone will not help you but a persistent action will.

Trying once and then giving up is not going to be enough. Keep at it one step at a time. If you can’t get by a certain step, then find a creative way to try again or just go around it.

Note: mounting failures might occur but you must not allow it to deter you.

At this stage, you must not allow any form of excuses. Remember, “Excuses are the tools of the incompetent, monument of nothing; those that use it are generally unwise and barely make it in life”.

Conclusion

At the beginning of this article we identified a few traits that are common among successful entrepreneurs. You should be able to look ahead and see yourself where you want to be.

Now just maintain a strong belief in yourself and your skills, stick with it, and don’t give up. If you can do that, you’re already half way there!

Over to you.

That’s about what I discovered and decided to share with you and I hope you enjoyed and took something from it?

Do you think there are some more traits about successful entrepreneurs that I am missing out on? Why not please go ahead and share it with us by using the comment box below.

Truth is we love comment as you do and we seriously wants to here your take on this subject. 🙂

Be Social: If peradventure you like and enjoyed this subject as much as I found it useful and delighting, do please share it with your networks of friends. I really would be grateful! And you never know who you will be helping you know… 😀


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19 Comments

  1. Samir
    April 14, 2014
    • Sam Adeyinka
      April 19, 2014
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    April 14, 2014
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      April 17, 2014
    • Sam Adeyinka
      April 19, 2014
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      April 17, 2014
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      April 19, 2014
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      April 19, 2014
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    April 23, 2014
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    May 6, 2014
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    August 20, 2014
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      August 20, 2014

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