Characteristics of Successful Entrepreneurs
Characteristics of Successful Entrepreneurs
destiny. Entrepreneurship has allowed people of various backgrounds, ages and ethnicities
to live their dreams-on their own terms. According to the U.S. Census, the number of U.S.
businesses have increased dramatically by 10% since 1997, and the numbers are still
growing.
The recent interest in entrepreneurship has been fueled in part, by the heightened
popularity of Hip Hop culture and the moguls that made it a global phenomenon.
Hip Hop has accelerated the entrepreneurial spirit- especially among young African
Americans. Hip Hop icons 50 Cent, Damon Dash, Jay –Z and Russell Simmons have all
made millions from their entrepreneurial endeavors. Born in poverty stricken, drug
infested neighborhoods, these Hip Hop geniuses have shown that entrepreneurship pays
off through hard work and dedication.
Celebrities aren’t the only ones cashing in from their entrepreneurial efforts.
Many professionals are leaving their ‘secure’ jobs to work for themselves. With constant
corporate downsizing, entrepreneurship seems to provide an exciting alternative to the
current unstable job market. With the success of Bill Gates and others, many people aspire to work for themselves. The most popular question asked by many aspiring entrepreneurs is ‘What does it
take to be successful in running your own business?’
Most people are oblivious when it comes to knowing the secret formula for success.
How do you know if you have what it takes? I am glad you asked.
These tips will help you decide if you have the skills needed to go out on your own.
1. Entrepreneurs exude self-confidence in themselves and their product/service.
One of the most important characteristics that successful entrepreneurs have is their
ability to believe in themselves and their talents, regardless of the criticisms they may
receive. They have a strong sense of self and believe in their service or product.
Criticism does not take them off course. They know that ultimately, it is their beliefs
about themselves that will determine their level of success.
2. Entrepreneurs don’t accept failure-only success.
When a business idea fails, they continue to strive to meet their goal. They only see
success as an option and failure as a learning experience. The late John H. Johnson,
entrepreneur and founder of the Johnson Publishing Company stated “When I see a
barrier, I cry and I curse, and then I get a ladder and climb over it. Failure is a word I don’t
accept.”
3. Entrepreneurs are self-motivated.
Many entrepreneurs tend to rely more on their abilities to create advantages out of
disadvantages. They are determined to win and create their own opportunities even
when none are present.
4. Entrepreneurs are persistent.
Dr. Farrah Gray, entrepreneur and teen millionaire states “Persistence isn’t everything-
it’s the only thing. If you are going to be a success in life, you’ll hear “no” thousands of
times. Look at every “no” as an opportunity.”
5. Entrepreneurs always have a plan for success.
Planning is essential to being a successful entrepreneur. It enables you to reach your
goals and establish new ones. Planning also keeps you on the right path and
focused on your ultimate goal. Operating a successful business doesn’t happen
overnight, but planning is one of the most integral components of success.
There are other characteristics that entrepreneurs share but this list highlights the
basics. Everyone is born with a unique talent or gift to share with the world.
If you think you have the tools for success, the best thing to do is to start acting on your ideas. Without action, nothing is possible. The best entrepreneurs are the ones who believe in themselves and take action-one day at a time.
Characteristics of Successful Entrepreneurs - To learn more about this author, visit Florence Edwards's Website.
Like this article? Share it with your friends
Many people dream of being their own boss and being in control of their financial
destiny. Entrepreneurship has allowed people of various backgrounds, ages and ethnicities
to live their dreams-on their own terms. According to the U.S. Census, the number of U.S.
businesses have increased dramatically by 10% since 1997, and the numbers are still
growing.
The recent interest in entrepreneurship has been fueled in part, by the heightened
popularity of Hip Hop culture and the moguls that made it a global phenomenon.
Hip Hop has accelerated the entrepreneurial spirit- especially among young African
Americans. Hip Hop icons 50 Cent, Damon Dash, Jay –Z and Russell Simmons have all
made millions from their entrepreneurial endeavors. Born in poverty stricken, drug
infested neighborhoods, these Hip Hop geniuses have shown that entrepreneurship pays
off through hard work and dedication.
Celebrities aren’t the only ones cashing in from their entrepreneurial efforts.
Many professionals are leaving their ‘secure’ jobs to work for themselves. With constant
corporate downsizing, entrepreneurship seems to provide an exciting alternative to the
current unstable job market. With the success of Bill Gates and others, many people aspire to work for themselves. The most popular question asked by many aspiring entrepreneurs is ‘What does it
take to be successful in running your own business?’
Most people are oblivious when it comes to knowing the secret formula for success.
How do you know if you have what it takes? I am glad you asked.
These tips will help you decide if you have the skills needed to go out on your own.
1. Entrepreneurs exude self-confidence in themselves and their product/service.
One of the most important characteristics that successful entrepreneurs have is their
ability to believe in themselves and their talents, regardless of the criticisms they may
receive. They have a strong sense of self and believe in their service or product.
Criticism does not take them off course. They know that ultimately, it is their beliefs
about themselves that will determine their level of success.
2. Entrepreneurs don’t accept failure-only success.
When a business idea fails, they continue to strive to meet their goal. They only see
success as an option and failure as a learning experience. The late John H. Johnson,
entrepreneur and founder of the Johnson Publishing Company stated “When I see a
barrier, I cry and I curse, and then I get a ladder and climb over it. Failure is a word I don’t
accept.”
3. Entrepreneurs are self-motivated.
Many entrepreneurs tend to rely more on their abilities to create advantages out of
disadvantages. They are determined to win and create their own opportunities even
when none are present.
4. Entrepreneurs are persistent.
Dr. Farrah Gray, entrepreneur and teen millionaire states “Persistence isn’t everything-
it’s the only thing. If you are going to be a success in life, you’ll hear “no” thousands of
times. Look at every “no” as an opportunity.”
5. Entrepreneurs always have a plan for success.
Planning is essential to being a successful entrepreneur. It enables you to reach your
goals and establish new ones. Planning also keeps you on the right path and
focused on your ultimate goal. Operating a successful business doesn’t happen
overnight, but planning is one of the most integral components of success.
There are other characteristics that entrepreneurs share but this list highlights the
basics. Everyone is born with a unique talent or gift to share with the world.
If you think you have the tools for success, the best thing to do is to start acting on your ideas. Without action, nothing is possible. The best entrepreneurs are the ones who believe in themselves and take action-one day at a time.
Characteristics of Successful Entrepreneurs - To learn more about this author, visit Florence Edwards's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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