Wednesday, August 26, 2015

Characteristics of Successful Entrepreneurs

Assalamualaikum. Hello people! Successful entrepreneurs do not just sit around and do nothing. They can't be successful if they do that. Well, if they do nothing, they will not reach the top. If you want to be a successful entrepreneur, you have to have these characteristics that are stated below.

1. Tenacity

Tenacity means persistent. In entrepreneurship, "Starting a business is an ultramarathon. You have to be able to live with uncertainty and push through a crucible of obstacles for years on end. Entrepreneurs who can avoid saying uncle have a better chance of finding their market and outlasting their inevitable mistakes. This trait is known by many names--perseverance, persistence, determination, commitment, resilience--but it's really just old-fashioned stick-to-it-iveness,". [t]

2. Passion

According to Robinson (2014), "It's commonly assumed that successful entrepreneurs are driven by money. But most will tell you they are fueled by a passion for their product or service, by the opportunity to solve a problem and make life easier, better, cheaper,". Basically, if you have passion in something, you would do anything to fulfill your satisfaction. Passion is love. Entrepreneurship is love!

3. Vision

Robinson (2014) claimed, "One of the defining traits of entrepreneurship is the ability to spot an opportunity and imagine something where others haven't. Entrepreneurs have a curiosity that identifies overlooked niches and puts them at the forefront of innovation and emerging fields. They imagine another world and have the ability to communicate that vision effectively to investors, customers and staff,". Well, you have to have visions in everything that you do to have a clear objective of why are doing that particular something.

4. Self-belief

Robinson (2014) stated, "Self-confidence is a key entrepreneurial trait. You have to be crazy-sure your product is something the world needs and that you can deliver it to overcome the naysayers, who will always deride what the majority has yet to validate,". Simply said, if you believe in yourself, you can do anything. Nothing is impossible. 


Entrepreneur. (2014, July 24). 25 Common Characteristics of Successful Entrepreneurs. Retrieved August 26, 2015 from [r]

Minute MBA by (2012, October 25). 5 Surprising Traits of Successful Entrepreneurs. Retrieved August 26, 2015 from [s]

Robinson, J. (2014, January 11). The 7 Traits of Successful Entrepreneurs. Entrepreneur. Retrieved August 26, 2015 from [t]

1 comment:

  1. Some of the must have traits or skills required in an entrepreneur includes; Innovation
    Hard working
    Critical thinking
    Making good decisions
    Communication and social skills
    Problem solving
    Ability to work under pressure
    To become a successful entrepreneur these are the basic skills which you need to inculcate among you. There are also some of the other inspiring stories of young Indian entrepreneurs like Varun Manian who have made it big in the industries like real estate through their strong determination and hard work.