7 Traits of Incredibly Successful Entrepreneurs –

First, what exactly is an entrepreneur?

 “An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.”

And this would be kind of correct.

So, you’re an entrepreneur in-waiting, I’ve got a list of  7 traits of incredibly successful entrepreneurs for you.

The question is:  How many of these do you have?  Well, let’s find out..

1. Curiosity

Yes, curiosity.  And no, not like “curiosity killed the cat”.  Goodness.  Let’s not get carried away here.   You don’t want to do something to get yourself killed.  But if you think about it  – entrepreneurs are curious little devils, aren’t they?

Every true entrepreneur I’ve ever met has been full of curiosity.

Always wondering about things.  Taking stuff apart to see how it works.  Asking people questions about their likes and dislikes.  Questioning why we keep doing things the same old way when maybe there is a better way.  And on and on. So, are you a curious one?  In my mind, you’ve got to be.  And here’s the fun part on curiosity: Curiosity means asking questions.  Asking questions inspires learning.  Learning births total domain knowledge and customer understanding.  Total domain knowledge and customer understanding leads to one rockin’ entrepreneur.

2. Bursting with Creativity

They’re like two peas in a pod.   Curiosity + Creativity. Not only do you have to be curious as an entrepreneur, you must also be creative.  Isn’t that the essence of entrepreneurism?  You know, to create stuff? New products.  New solutions.  New ways.  Willing to think of all possibilities.  Almost like a child. Seriously, our little children are more creative then we are sometimes.  You know, drawing cows jumping over the moon and making play-houses out of sticks and rocks. Just resolve to be like them.

 “The ability to be creative as an entrepreneur is a must”.

As you become more curious by asking questions and learning, it actually opens your mind to creativity.

3. Clarity of Vision

We’ve all heard this one:  “Well, that guy is just a real visionary.  Entrepreneurial genius at its best.” Big picture vision is a funny thing.  I think you either have it, or you don’t.  You either see beyond the trees and into the forest, or you don’t. You simply need vision as an entrepreneur.  And more importantly?  Clarity around that vision. Crucial to have a crystal clear vision of who you are; what you want to do; and where you want to go. And the funny thing about getting clarity around your vision?  That’s where it starts.  In the beginning.  Just you and your clear vision.

Think of it as a beacon of light.  Guiding you on your journey.  And without it?  Smack dab in no-man’s land a thousand miles from where you wanted to be.

4. Ability to Communicate

You can have the brightest idea on the planet.  The next great invention to rival Edison.  An idea so powerful it blows anything Steve Jobs ever came up with away.

But if you can’t communicate it?  Might as well pack your bags and go home.

The ability to communicate effectively is huge for you and I as entrepreneurs.  We must be clear; concise; easy to understand.  Both in writing and verbally. Why is this so important?  Well, because communication affects influence.  Communication affects relationships.  Communication affects results. The really cool thing about communication is you can learn how to do it better.  It’s a necessary trait, but one you can master with practice.  Not a good communicator?  Practice starts at 8am tomorrow morning my friend…

5. Leadership Acumen

You must be able to lead them.  Now again the great thing about the leadership trait is you can learn to do better.  If you stink as a leader, don’t fret.  You can learn how to be great.  You can learn how to lead with fire and passion.

6. Loving Risk and Taking Action

Now it’s getting fun.  Risk.

Wow.  Love that word.  Just saying it brings a whole host of feelings…

Maybe you feel excited when you hear it?  Sitting there conjuring up images of fast cars and base jumping.  Get your heart pounding?  Can’t wait to strap it on and feel the rush of adrenalin pouring through your blood?  Yikes.  You’re a shoe-in for an entrepreneur.

Or, perhaps the feeling crawling up the back of your neck is one of fear:  Fear of stepping out.  Fear of making a fool of yourself.  Fear of risking — and then losing it all.

Here’s the bottom line:  Your tolerance for risk has to be low.  It doesn’t matter if you figure out ways to “mitigate” risk (which you should), or you spend 10 years in the planning stage of business (plan yes, 10 years – no), in the end; you have to get off your tail and take action.  Period.

Entrepreneurs take risks.  They take action.  Each one may have a slightly different risk meter, but when the time comes; they step out of their comfort zone and risk through taking action.

I mean seriously — your company is not going to build itself while you sit there on the couch eating bon-bons.

So get up; throw the bon-bons in the trash; and do something.  Will you?

7. Tenacious Beyond Belief

True entrepreneurs never, never, never quit.  Never.

Like a bull-dog latched onto a bone.  Like a mountain lion with its jaws around the neck of a deer.  You’re not prying any of this loose.  And the same goes for trying to hold a good entrepreneur down.  Not going to happen.

 “The number one trait you find in all successful entrepreneurs is tenacity.  Just the sheer will to keep going, even when things look impossible.”

Are things going to look impossible for you as an entrepreneur?  You better believe it.  Will you feel like giving up and throwing in the towel?  Absolutely.  But do you need to fight off the urge to quit and keep pressing on?  YES!

Here’s the deal on this last trait:  You can probably squeeze by with mediocre levels of each of the other traits on this list.  But if you’re a day late and dollar short in the tenacity department?  You’re as good as done.  You’re pretty much dry toast.

Why?  Well because you quit silly.  You gave up.  You handed your entrepreneur badge and gun back in.

So keep fighting when you feel like quitting.  Be tenacious.  You’ll get there.  You’ll be the best entrepreneur you can be.