What does it mean to be a successful entrepreneur? Is it a born daredevil? Is it an extrovert personality? Is it charismatic enough to win over customers?
While some entrepreneurs possess these traits, they rarely define the traits of every successful entrepreneur. Not everyone is born with the urge to change the world. In fact, many successful entrepreneurs today are people you might have underestimated in high school or college.
A living example of this is Bill Gates, who famously said, “If I had gotten a dollar for every time someone made fun of me in high school – oh wait.” I do!”
Anyone can become a successful entrepreneur. However, there are some key personality traits that all (or almost all) successful entrepreneurs share.
1. Robust work ethic
Successful entrepreneurs know a thing or two about work ethic. Most of the time they are the first to arrive at the office and the last to leave the office. If there is still work to be done, they show up at the office on weekends and holidays and work until the job is done. These are the people who always think about work even when they are enjoying their free time.
2. Deep passion
Work ethic and passion go hand in hand. It takes work ethic to keep the business strong and it takes passion to feel motivated enough to maintain a good values ethic.
I believe passion is easily the most important personality trait of a successful entrepreneur, and for obvious reasons. They are successful because they choose to do what they love.
Have you ever been so passionate about a school project that you got an A at the end? That sense of accomplishment is priceless, and it’s how entrepreneurs feel when they see great results from the effort they’ve put into their work.
Successful companies are often built through the wild creativity of their founders. In the face of aggressive competition, entrepreneurs today are forced to come up with original ideas that differentiate their companies from others.
Creativity can mean thinking of unique business ideas. It can also come into play when you find a relationship between two unrelated things to solve a problem. Creative entrepreneurs consider the possibility that the traditional solution is not good enough.
4. Motivated self-starters
A self-starter won’t settle for a grueling 9-to-5 job. A self-starter doesn’t give up at the first sign of struggle. A self-starter doesn’t hold things up until it’s too late.
A self-starter is someone who does what needs to be done without being asked or encouraged to do so. They take the initiative for their own projects and lead themselves. They recognize that difficult times are a challenge that helps them grow as entrepreneurs and strengthen the company.
Entrepreneurs must be self-starters to quickly scale their businesses in today’s cutthroat business world.
5. Easygoing attitude
Change of plans? Need to redo an entire project? A successful entrepreneur will shrug off any inconveniences and start from scratch without getting into a big rut. In fact, many entrepreneurs will tell you that their businesses have turned out very differently than they initially envisioned. They will also likely tell you that they don’t want their business to be any different.
Being easygoing means going with the flow, embracing new opportunities when they arise, not getting stuck in a particular mindset, and being receptive to change and even criticism. Successful entrepreneurs can take a bad situation and turn it to their advantage.
6. Eager to learn
Nobody knows everything. A new company often does not have staff in every department due to a lack of funding. It takes time and resources to build a team. That means entrepreneurs have to learn everything from bookkeeping to marketing right from the start.
It is this type of experience that makes savvy entrepreneurs so versatile. You’ve seen it, been through it, and learned it all before.
Whether you’re hoping to become an entrepreneur, are fairly new to the game, or are now a seasoned entrepreneur, you can become successful. Although embracing these personality traits will help you in the long run, chances are you already possess them by the time you embark on the entrepreneurial path.