The 10 Traits of a Successful Entrepreneur

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The 10 Traits of a Successful Entrepreneur

Do you have what it takes to be an entrepreneur?

You can go through the checklist of setting up a business and like magic you are a business owner. Anyone can be an entrepreneur. Only 25% of the population have the entrepreneurial spirit personality to actually see it through. This is a good thing. We need the other 75% or our world will fall apart. You are in the minority which makes you a unique and special person!

Most of these personality traits you might not have. You will quickly learn you need to develop them if you want to be a successful business owner. Spending money on self-improvement to acquire these traits is not an expense its an investment in yourself and your business. You can develop these traits by reading books, attending conferences, workshops and by hiring a Coach.

Personality Traits of a Successful Entrepreneur:

Self Discipline

You quit the corporate world so you can become your own boss. The good news is you are your own boss. the bad news is you are your own boss. You are the CEO of your business. You have to develop the mindset of a CEO. When you think of a CEO you think of someone who works hard, has perseverance, and is a leader. You don’t think of it as someone who doesn’t get there work done, doesn’t have a schedule or scrolls through social media all day. Do you believe a business without self-discipline will lead to success? How successful will it be if you as a CEO just did whatever you wanted when you wanted it. Entrepreneurs enjoy the creative process and coming up with ideas. You struggle with the planning and execution of these ideas. It will be beneficial for you to have an accountability partner, or hire a Coach to be one for you.

Manage your Time Effectively

Time is a set thing, we all have 24 hours in our day, you can’t manage it. What you manage is YOU and how you spend it. Take an inventory of how you are spending your time and determine how that is affecting your business productivity. What choices are you making in your day? Are you attending social activities when you have client work to complete? How much time are you spending on your phone? What boundaries do you have in place? Are you saying yes to things you should be saying no to? This is why it’s important to have a schedule in which a lot of entrepreneurs do not like to have. You think having structure will hinder your creativity. Actually, it’s the opposite, having a schedule gives you free time to be your creative self. When you don’t have a schedule unproductive activities creep in before you know you it and then nothing gets done. You have to schedule free time, plus time to work in and on your business. Recognize what your energy levels are and what time of the day you work best. It’s helpful to schedule a power hour to get all your important tasks done during the time you have the most energy. If you keep procrastinating on a task it would be a good investment to hire someone to do it for you. They are a lot of entrepreneurs that will love to do the things you don’t want to do.

Patience

Achieving overnight success is a myth. You are not going to open your business one day and then the next day have people lined up for miles. You have to be patient and committed enough to do the work and they will come. This is the time to develop these personality traits, work on your marketing and get out there and network. People are not going to know your business exists if you don’t get out there and tell them.

Confidence

Confidence is confiding in one’s self.  Who is going to hire me? I have no experience. I am not good enough. Those are the voices you are telling yourself. Confidence comes in the doing. Take small action steps and celebrate your successes along the way, which will create the momentum needed to get over your self-doubt. Think about your “WHY”. Why are you doing this? Is it to change lives? You have to realize the world needs want you are offering and go after it with no fear.

Believe in Yourself

The best lesson to learn is nobody will know you or your business as well as you, they can’t know what you should do. The mistake people make is they go through the checklist before they do the real work. They focus on the strategies instead of the vision. Owning a business isn’t easy. When you don’t believe in yourself you start chasing all the bright shiny lights to try to make it easy. You start listening to others more than yourself, thinking they know better than you. You have to firmly believe you all have the power within yourself to solve even your biggest problems. You also have to believe you are the best at what you do. Success comes from Conceiving ~ Believing ~ Achieving.

Focus

Getting focused keeps you on your path. You want your path to be narrow if it is wide you will stray off course. Your brain was not created for multitasking and we think we are fooling the system when we do. Do you think potential clients are going to want to do business with a person who isn’t focused? Something is going to get missed, then mistakes are going to happen. When someone says they are busy, that person isn’t focused and doesn’t have boundaries in place. Everyone is busy. Busy doing what? You can be busy watching TV all day. Instead of saying you are busy, use the word productive. Tell people how productive you have been. List all your accomplishments of the day.

Organized

If you are not organized in your business it will cost your time and money Two things you don’t have a lot of. You can’t be misplacing client information or waste time looking for things. You are also able to focus better if you have an organized workspace, you won’t be easily distracted. When you have a workflow and systems in your office you are more productive saving you time and money.

Creative

You have to be able to think outside the box. When you are creative it helps you stand out from the crowd. Being unique separates yourself from your competition.

Skills to Solve a Problem

Are you passionate about solving a problem people have? The skills can be either what comes naturally to or the life experiences you had that you solved and now want to help others with what you have learned. Potential clients will hire you if you are to able to ease their pain.

Step Out of Your Comfort Zone

A lot of these traits might not come naturally to you. You have to be willing to step out of your comfort zone and develop these traits to have a successful business. You have to get comfortable being uncomfortable. When you are uncomfortable it means you are growing. Which is great!

How many traits do you already have?

As an entrepreneur myself, I have been where you are now. I know the areas where you need the most support and I can help you avoid making costly mistakes. You don’t have to be on this entrepreneurial journey alone. If you need assistance with any of these traits or have any questions, contact us to schedule a no-obligation Complimentary Introductory Consultation with Lisa at Power Is Within Coaching.

Check out the free resources (Productivity Guide & New Business Checklist) to help you on our website. 


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