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10 Characteristics of Successful Entrepreneurs

While we’re all unique as business owners, you’ve got to admit: we share certain characteristics that help us have the drive we need to succeed. Which of these do you have?

1. Determination. Not willing to give up, we forge ahead until we get what we want. Sometimes this isn’t our employees’ favorite of our characteristics, as it can make us “slave drivers,” expecting everyone else to live up to our own expectations for the business.

2. Competitiveness. Ever since grade school, we’ve been in competition; first with others, and now with ourselves. Our best isn’t good enough; we want more. This constant striving for perfection means we stay ahead of our competition in the marketplace.

3. Risk-Taking. As an entrepreneur, you can’t fear risk, because you take it every day. You risk not making enough to pay your staff.  You risk losing all your business, should you be sued (that’s when corporations come in handy). You risk utter failure. Yet we still do what we do.

4. Hard-Working. Entrepreneurs aren’t afraid of a little (or a lot of) work. Many of us thrive on 60-hour workweeks (not I). We know that it takes a lot of work to get a business off the ground, and we’re willing to put in the time.

5. Difficulty Disconnecting. I’d bet this is the least favorite characteristic for every spouse of an entrepreneur. We sneak a peek at our email at dinner. We take our computers on vacation. We have trouble completely disconnecting from our business, simply because we are our business.

6. Flexible. As entrepreneurs, we have to roll with the punches. We must be flexible in the face of constantly changing technology, competition, and pricing, otherwise we face extinction.

7. Visionary. We might not all be the visionaries Steve Jobs was, but we have our own creativity that we apply to our businesses. It’s this vision that inspires our staff to want to make the business better.

8. Communicators. We communicate all day long: on the phone, by email, and on social media. It comes naturally to us. If we have any shortfall in this area, it’s communicating to our staff, giving them pats on the back for jobs well done.
9. Easily Bored. I’m willing to bet part of the reason you started a business was that you got bored at your past jobs. You weren’t inspired enough. You quickly mastered tasks and then needed something else to engage you. Running your own business means you’re never bored because you can keep challenging yourself.
10. An Entrepreneur for Life. For those of us that are fortunate enough to sell a business in our lifetime, we won’t be done. Sure, we might try sailing around the world on the money we’ve made, but chances are, we will be unable to stay away from creating something new. We are, what you call, “Lifers!”
Another characteristic of entrepreneurs: dotting their I’s and crossing their T’s. Let us help you with your business filings when you start your business. Our CorpNet small business advisors are ready to help!
Photo: szajmon on stock.xchng
Susan Payton

Susan Payton

Susan Payton is the President of Egg Marketing & Communications, a marketing firm specializing in content writing and social media management. She’s written three business books: DIY Press Releases: Your Guide to Becoming Your Own PR Consultant, 101 Entrepreneur Tips and Internet Marketing Strategies for Entrepreneurs, and frequently blogs about small business and marketing on sites including The Marketing Eggspert Blog, AllBusiness, CorpNet, Small Business Trends, Chamber of Commerce and BizLaunch. Follow her on Twitter @eggmarketing.

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