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Last Updated on April 1, 2021

13 Characteristics of Highly Successful Entrepreneurs

13 Characteristics of Highly Successful Entrepreneurs

Have you ever wondered what separates highly successful entrepreneurs from everyone else? Not every entrepreneur achieves success, but those who do possess certain characteristics of entrepreneurship that help them on their journey toward success.

Here are 13 characteristics of entrepreneurship practiced by highly successful entrepreneurs. See how you match up and use what you have learned to level up your performance.

1. Creative

The first characteristic of entrepreneurship shared by successful entrepreneurs is creativity. By nature, entrepreneurs love to create. Whether this means using their talents to invent some never-before-seen gizmo or finding a better and more efficient way to do something, these individuals have an innate ability to tap into the power of the imagination to make life easier, more enjoyable, or more prosperous for those they serve.

2. Passionate

Imagine having a deep burning love for something and wanting nothing more than to be surrounded by it every single day. To the regular onlooker, it may only be a casual service or simple product, but to the entrepreneur, it has become an integral part of life. Their first thoughts in the morning are about the “work” they will do that day and they go to bed thinking about ways to improve the following day.

Highly successful entrepreneurs do not even view their business as work in the traditional sense, hence, finding the word in quotations above. They love what they do. It is no longer work. It is fun. It is life. It has become a part of who they are at their very core. There is never a dull moment when you do what you love every single day.

3. Self-Motivated

In general, entrepreneurs are go-getters and achievers. Those that are highly successful epitomize this character trait. They are thinking big ideas, setting things in motion, and trying to make life better for those they serve. But they also realize that the only way their ideas will come to life is if they do the work to make it happen.

Highly successful entrepreneurs have a burning desire to get results and they can utilize specific drivers to keep going the extra mile. They do not require a cheering section to stay energized. These individuals allow their purpose and passion to fuel their actions until they claim victory.

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Take these 8 Steps to Continuous Self Motivation Even During the Difficult Times.

4. Specialized Knowledge of Product or Service

Stepping into the world of entrepreneurship means making the conscious decision to making your business the main part of your life experience. Successful entrepreneurs do not have the luxury of simply clocking in and clocking out each day, nor do they want to. To have a prosperous business, it is important to have specialized knowledge in your given area of expertise.

The most successful entrepreneurs immerse themselves in industry news to further their understanding, stay on top of trends, and get the edge over competitors. These leaders are always learning so that they can be of greater service and higher value to their customers.

5. Confident

Another characteristic of entrepreneurship is confidence. In many cases, especially with service-based businesses and solopreneurs, the individual is the brand. Regardless of industry, it takes a lot of guts to put yourself out there every day.

Consider these names: Tony Robbins, Oprah Winfrey, Elon Musk, Gary Vaynerchuk, and Martha Stewart. All have enjoyed incredible amounts of success. Each has received tremendous praise for their respective works.

But it isn’t always praise and accolades. These business moguls have also received their fair share of criticisms and hardships, especially earlier in their careers. Despite the many early struggles and conflicts, they kept going forward, and only after years of hard work were these leaders able to enjoy the fruits of their labor. If these individuals failed to have confidence in themselves and their ability, they might have given up and we would never have heard their names.

How to be confident? Try these 51 Proven Ways to Build Self-Confidence.

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6. Optimistic

SmallBizTrends found that only 80% of all small businesses started in 2014 made it to their second year. This rate continued to decrease dramatically in those early foundation years and dropped to a staggering 56% survival rate by year five.[1] Considering these statistics, it is evident that there is no guarantee for business survival let alone achieving massive success.

Knowing that the odds are against them, how do the biggest achievers maintain such a high level of optimism? Whether innate or learned behavior, winners know that having an optimistic outlook will bring more opportunities and take them further than drudging in pessimism. They believe that things will work in their favor because they are confident in their skills and trust that they have the ability and resources needed to overcome obstacles that come before them.

7. Visionary

A defining characteristic of entrepreneurship that all highly successful entrepreneurs share is the ability to see with vision, not just sight. This means being able to peer into the future and clearly visualize what will be, seeing it in the mind as if it were already a reality.

Just as the master mason can visualize the magnificent cathedral while standing in front of blocks of stone or the artist who can see the beautiful portrait before the first brushstroke, the visionary entrepreneur can realize the profound impact of their work long before it comes to fruition.

8. Goal-Oriented

Successful entrepreneurs know the importance of focusing on their goals. They know how to set proper goals and they can channel their attention and efforts towards attaining them. This characteristic is not exclusive to entrepreneurship, all endeavors require you to be goal-oriented to be successful.

Every day we are bombarded by countless shiny objects and distractions trying to steal our attention. These entrepreneurs know how to avoid distractions and have mastered the self-management skills needed to be productive and get things done. When you are the business owner, achieving company goals is a primary responsibility. Realize that nobody is going to do it for you. If you want to succeed, then you must be willing to put the necessary attention and energy towards achieving your company’s goals.

9. Risk-Taker

Going into business for yourself is a risky undertaking because there are no guarantees. Even if your business is just a side hustle right now, there is a great investment of time, money, and resources that can strain personal and family relationships.

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Despite the possible risks, entrepreneurs are willing to stay the course because they know that the potential for reward is that much greater. Some entrepreneurs even regard this as a thrilling experience in the way a rock climber might scale the side of a mountain.

Here’re 6 Ways to Be a Successful Risk Taker and Take More Chances

10. Curious

Entrepreneurs have a desire to solve problems. They know that people have pain points and struggle in certain areas of life and are looking for solutions. It is a deep level of curiosity that helps entrepreneurs find these valuable solutions.

In addition to solving problems, entrepreneurs also want to help find better ways of doing things and design more effective methods that yield greater results. They study how things work and then dream up ways to improve them.

A few years ago, if you wanted to rent a movie then you had to get into your car and drive down to the local Blockbuster to pick one out. But then, a few folks got curious and wondered if there was a better way to rent movies. Netflix was born, and the rest is history.

11. Flexible

As noted above, there can be many uncertainties in business, so entrepreneurs need to be flexible in their approach.

Famed success author Zig Ziglar said,

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“Be firm on principles but flexible on methods.”

Essentially, while it is important to be firm on what we want, we should also be flexible with how we attain it. Sometimes, it becomes necessary to adjust the course, take a detour, or try various approaches to find the best way to move forward.

12. Resourceful

Along with being flexible, another characteristic of entrepreneurship is being resourceful. Successful entrepreneurs can think outside the box to solve issues. These people are the MacGyver’s of the business world. They might not always have the exact tool for the job, but they will always use ingenuity to get the desired results.

13. Persistent

The last on this list of characteristics of entrepreneurship is persistence. Successful entrepreneurs do not let up, and they will never give up either. They will keep going until they win. Once they win, they will keep going until they win again and again.

The most successful entrepreneurs understand that it is impossible to win every time, but they continue to move forward because that is the only way to ensure future victories.

Sir Winston Churchill once said, “Success is the ability to go from one failure to the next with no loss of enthusiasm.”

Final Thoughts

Take some time today to consider how these characteristics of entrepreneurship rank in your life. Can certain areas be improved upon and further developed? If so, determine how to advance these areas so you too can achieve greater successes in business and life.

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MoreTips For  Entrepreneurs

Featured photo credit: Humphrey Muleba via unsplash.com

Reference

More by this author

Rich Perry

Rich is a Communication Strategist who helps entrepreneurs craft their message and empower them to deliver it.

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Last Updated on May 23, 2021

10 Best Free Job Apps You Need For Effective Job Hunting

10 Best Free Job Apps You Need For Effective Job Hunting

Seeking for the right job but not sure how to do it in a more effective way?

Try job search apps!

To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

1. jobandtalent

jobandtalent

    Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

    Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

    Download it for iOS and Android.

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    2. Jobr

    jobr

      This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

      Download it for iOS.

      3. Monster Job Search

      monster job search

        I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

        Download it for iOS and Android.

        4. Jobs and Career Search

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        job and career search

          This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

          Download it for iOS.

          5. Hyper Networking Groups

          hyper networking groups

            This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

            Download it for iOS.

            6. CardDrop

            CardDrop

              CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

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              Download it for Android and iOS.

              7. Job Interview Questions

              interview questions both

                Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                Download it for Android.

                8. 101 Interview Questions and Answers

                101 both

                  This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                  Download it for Android.

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                  9. Job Interview Question-Answer

                  q and a

                    Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                    You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                    Download this app for iOS and Android.

                    10. HireVue

                    hirevue

                      HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                      When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

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                      Download it for Android and iOS.

                      Featured photo credit: Yura Fresh via unsplash.com

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