5 Qualities of a Successful Entrepreneur

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5 Qualities of a Successful Entrepreneur

1) Self-Discipline

The first attribute every successful entrepreneur must have is self-discipline.

Self-discipline is the single most important quality for success in both life and business. If you can discipline yourself to do what you should do, whether you feel like it or not, your success is virtually guaranteed. Self-discipline requires self-mastery, self-control, self-responsibility, and self-direction.

The difference between a successful entrepreneur and a failure, is that a successful entrepreneur makes it a habit of doing the things that failures don’t like to do.

What are those things?

The things that failures don’t like to do are the same things that successful people don’t like to do. However, successful entrepreneurs do them anyway because they realise that this is the price they must pay for the success they are seeking.

2) Integrity

Integrity is the second attribute all successful entrepreneurs must maintain.

Conceivably the most appreciated and respected quality you can establish is a reputation for integrity. Being completely honest in everything you do and in every transaction and activity. You should never compromise integrity. Always remember that your word is your bond and your honour is everything when it comes to your business. All successful businesses are based on trust.

Your success in becoming an entrepreneur will be solely driven by the number of people who trust you, are willing to work for you, give you credit, lend you money, purchase your products and services, and help you through troublesome times. Your character is the most extensive asset that you develop in your life and your character is based on the amount of integrity you practice.

 

3) Persistence

The third attribute that all successful entrepreneurs must maintain is persistence.

Persistence is the iron quality of character. Persistence is to the character of man as carbon is to steel. It is an essential quality that goes hand in hand with all great success in life.

One of the great secrets to persistence and success is: Program your subconscious mind for persistence well in advance of the setbacks and obstacles that you are going to have on your upward quest toward success.

Resolve in advance that you will never back down, no matter what happens.  The courage to endure in the face of adversity and disappointment is the one quality that, more than anything, will guarantee your success.

Your greatest advantage can be your willingness to persevere longer than anyone else. In fact, your persistence is a true part of your belief in yourself and your ability to success.

4) A Clear Sense of Direction

Having a clear sense of direction is the fourth attribute on the list.

Because of the turbulence and very quickly changing marketplace of today, most business owners have been reduced to operating day-by-day, almost like firefighters.

They are completely preoccupied with the short-term problems and the need to get short-term sales and profits. They are determined to spend more time thinking and planning for the future, but they never seem to get round to it.

This is not for successful business owners. You need to set clear goals for yourself and for every part of your business. In fact, perhaps your most important responsibility to your employees is to give them a clear sense of direction in their work and goals to work towards.

5) Decisive and Action Oriented

The final attribute all successful entrepreneurs must maintain is being both decisive and action-oriented.

They must think and make decisions on the spot. They discipline themselves to take action and to carry out the decisions they have made. They move fast and they get quick feedback from all of their actions. If they find that they have made a mistake, they quickly self-correct and try another method.

In order to triumph, the key is to try.

Successful people are decisive and try far more things than others.

If you try various different ways to be successful, the chances are that you will eventually find the correct way for you, at the correct time.

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