Entities as diverse as the U.S. Department of Commerce and Forbes magazine have made efforts to quantify what qualities make successful entrepreneurs, especially serial entrepreneurs, different from everyone else.
While there is no single answer to this question, certain traits pop up again and again when studying this class of person.
Jenny Q. Ta, successful entrepreneur, author and CEO of Sqeeqee.com, the first-of-its-kind social networthing™ site, outlines the six most common traits found in entrepreneurs and encourages aspiring. Read these six items and see if you can find yourself in them. If not, ask yourself how you can change your thinking and behavior to achieve your own entrepreneurial goals:
Belief in oneself is a universal characteristic of serial entrepreneurs. You must believe in yourself, and believe in your vision. This does not mean you can never have a moment of doubt, but it does mean that your doubts cannot be allowed to overwhelm your core belief in what you are trying to do. If it gets to the point where you’re having brief moments of belief instead of brief moments of doubt, it may be time to go back to the drawing board.
Sitting around believing in yourself won’t get much done. You must be motivated to work toward the realization of your vision. Furthermore, your motivation should come from within. Other people cannot push you to greatness. If you need constant kick-starting, your chances of success are greatly reduced.
Successful entrepreneurs do not lay down in the face of adversity. If the first real challenge you face takes the wind out of your sails, how can you hope to overcome the numerous and difficult obstacles that almost always pave the way to success? An honest evaluation of your ability to triumph over adversity and to follow through when staring at hardship is necessary before you embark on your entrepreneurial journey.
4) Understanding of your own limitations
This may seem like the opposite of #1, but it is not. While you need confidence to succeed, you also need to be able to view your own abilities objectively. A good entrepreneur is a good leader, and a good leader knows when to listen to others. If you stubbornly refuse to consider other viewpoints, or you insist on doing things yourself that would be better done by people with a more suitable skill set, you are steering your enterprise toward failure.
5) A healthy disrespect for the rules
Any time you hear a sentence starting with “Everybody knows,” what you’re really hearing is an opportunity. People with an entrepreneurial bent know that rules and common knowledge exist to be defied. Illicit risk-taking behavior is a common trait among entrepreneurs, and that translates into the ability to defy conventions that stand in your way. This isn’t to say that entrepreneurs are natural felons, but it does mean that entrepreneurs are willing to cross lines that some people are not.
6) Willingness to fail
Successful entrepreneurs fail, then they go back to square one and try again. Rarely is a huge leap taken without huge risk. An entrepreneur has to be able to objectively weigh risk and reward, and take the risk when it makes sense. A budding entrepreneur who is not willing to risk it all when the rewards are great enough is unlikely to ever reap those rewards.