Successful entrepreneurs are not born. Anyone can be a successful entrepreneur. However, there are some specific entrepreneurial traits a person must have to be successful. Of course, entrepreneurship is not for everyone. But with these particular character traits, you can see if you really have what it takes to succeed in the highly-competitive, world of business.

1. Independence – This is the most common denominator of all entrepreneurs. They want to seize control of their future; thus they decide to become their own boss instead of laboring under the gaze of a master. An entrepreneur has a strong sense of independence and will march forward with a purpose and that is to earn money through his own means and hard work.

2. Persistence and Determination – The world of entrepreneurship is fraught with both success and failure. An important quality of a successful entrepreneur is the doggedness to continue pursuing their goals despite the setbacks and obstacles that may occur. This persistence and determination is fueled by a burning desire to succeed.

3. Self-Confidence – Along with independence, an entrepreneur possesses self-confidence. They believe in their capabilities and makes sure that they put their best foot forward and expect the best results from their efforts. The business world is very competitive and is not a place for the half-hearted. Belief in one’s capabilities is very important in achieving any goal – especially in the world of entrepreneurship.

4. Creativity – In the business world, you cannot afford to be complacent and uncreative unless you want the competition to move ahead of you. You must be able to create new ideas as well as find new ways to solve problems. In doing so, you stay ahead of the competition.

5. Organized and Goal-Oriented – An entrepreneur knows the value of organization in a business endeavor. All efforts must be focused towards achieving their goals. A good entrepreneur systematizes every move he/she makes so that less time and other resources are consumed in achieving their goals. A good reference for setting up systems for your business processes is The E-Myth Revisited by Michael Gerber.

6. Vision – An entrepreneur has a vision for his future. They are guided by this vision in everything they do. This vision may be for short, mid- or long-term goals, but all visions are to ultimately succeed in growing one’s business.

7. Risk-taker and Tolerance for Failure– A good entrepreneur realizes that loss and failure are inherent in any business endeavor. Thus, an entrepreneur must always be ready to make calculated risks and face whatever consequences those risks might have. Entrepreneurs must have the courage to face failure and start again despite these setbacks. As in all fields of endeavor, the characteristic of a successful entrepreneur is in never giving up and in picking up the pieces and continuing the journey even if failure momentarily obstructs the way.

8. Perseverance and Hard Work – These are perhaps two of the most important entrepreneurial traits. In the world of business, there can be no real success without perseverance and hard work.

9. Commitment – An entrepreneur will not achieve success if they give up at the first sign of trouble.

10. Honesty and Honor – Another very important mark of a good entrepreneur is in being honest and honorable in their business dealings and interpersonal relationships – whether it is between business partners, employees, peers or investors.

If you are having a hard time with your business or achieving your goals, determine where you can improve on the above mentioned entrepreneurial traits and qualities. Where you have shortcomings, develop them and you will begin to see your business turn around.

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