Thursday, March 10, 2011

Successful Entrepreneur Traits

One of the most-asked questions is "what are the traits of a successful entrepreneur?" This question has been asked many times. Below is my list, compiled from both other lists and my own personal experience. Of course, it's a Top-Ten List...

1. Leadership, especially the ability to inspire
2. Fast, good decision-making with limited information (but also willing to change wrong decisions)
3. Positive attitude (but still realistic)
4. Sales skills
5. Good communicator
6. Ability to handle defeat, and the word "no"
7. Creative thinking and out-of-the-box thinking (my #1)
8. Drive, fortitude and the will to succeed
9. Being intuitive and trusting your gut (my #2)
10. Jack-of-all-trades (or the ability to understand all aspects of business somewhat -- from sales, marketing, finance, operations, engineering, negotiating, legal, etc. etc.). Yes, you can hire these skills, but you still need to understand each discipline somewhat (this is the hardest skill set to acquire)


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stacie28 said...

excellent list of successful entrepreneur traits! great job, Mark! Entrepreneurs like Richard Branson, Yury Mintskovsky or Bill Gates also have in common those qualities. They worked hard and finally they succeeded in their careers! I really admire them!

Yukie Cho said...

The last one is definitely the most challenging part!

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