What is common among the most successful business people in the world?
What makes them so successful? Why do they flourish in their businesses while many others fail miserably to do so? What does it take to be a successful entrepreneur? Well, there are some experts in the industry that say that new entrepreneurs who have succeeded have some common traits and qualities.
We can all think of the names of some of the most successful entrepreneurs in the world. Steve Jobs, Oprah Winfrey, Mark Zuckerberg, Elon Musk, Larry Page and many more. In recent studies and interviews, there are several key traits roughly noticeable that all of them share in common with each other. What makes them so successful? Why do they flourish in their businesses while many others fail miserably to do so? What does it take to be a successful entrepreneur?
Every individual businessman has their own quirks and tactics that they have developed over the years based on sheer experience within their own unique environments. There isn’t any ‘ideal’ entrepreneurial personality trait for one to be successful. One should be thrill-seeking and sociable as well as possess sharp analytical skills. And As per Belinda Plutz, who is a career coach at New City-based career mentors Inc, “Regardless of who writes the paycheck, we all need to work as if we work for ourselves.”
However, there are some experts in the industry that say that new entrepreneurs who have succeeded have some common traits and qualities. Here’s what successful business people do right and foolproof and somethings that they can improve on in order to achieve tremendous heights and give a whole different outlook and definition of being “successful”.
It is only after you read Aspire by Kevin Hall will one realize the truest meaning of this beautiful word “passion” and it originally means “a willingness to suffer for what you love.” It is used to describe an activity, a goal or a cause that one cares about so much that he’s willing at his fullest to suffer for it. This means making a conscious decision of giving up other enjoyable activities to converge all your energy into the most important activity.
Doing what you love is a very hard job and rewarding at the same time. And this is exactly what every successful business person has realized over time. This is the most significant characteristic that every entrepreneur has and for obvious reasons. They are successful because they LOVE what they do.
They put all the extra hours into the business to make it flourish and thrive. For them, the pleasure of getting results of their labor goes well beyond the money received. People like this are always searching and reading things to find strategies and more ways of how they can make their business better.
To quote another one of the most famous entrepreneurs Warren Buffet who says, “there comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the mornings. I think you’re out of your mind if you keep taking jobs that you don’t like because you think it will look good on your résumé. Isn’t that a little saving up sex for your old age?”
STRONG WORK ETHICS
Business people who are successful always make sure that they are the ones to arrive first in the office and the last one to leave. These are the ones who ensure that the outcomes meet their expectations even if it takes them to come to the office during their days off and work like any other business days.
The successful entrepreneurs always have their minds at work despite not being in their workplace. Those who possess this trait get better each day and get their works done well on time, no matter what. They are the ones who show the least reluctance in taking initiative when it’s about their business. They show a set of values that sights on the importance of work and manifested by determination or desire to work very hard.
STRONG COMMUNICATION SKILLS
An apparently boring and old saying that says “communication is the key” is so very important for an entrepreneur. A successful entrepreneur is someone who has outstanding communication skills which are definitely required for selling the products to their customers and for motivating the employees.
Most of the entrepreneurs who have the ability to motivate their employees can see their business grow better within no time and the only characteristic required for this is being expertise in communication.
They are also great at instructing others to be successful and highlighting the advantages of any demoralizing situations.
Every successful business person is emotionally very intelligent who has the ability to understand and manage emotions so as to communicate effectively, avoid stress, overcome obstacles that come in his path and empathize with others. They are great orators (public speakers), listeners, non-verbal communicators, and also excel at written communication.
DETERMINATION
The essence of increasing one’s chances of being successful in a particular thing or achieving a particular goal or which helps you to stay motivated and strive towards that one thing you want to achieve is what is determination. The successful entrepreneurs are never greatly impacted by the number of times they have to accept defeat. For them, failing at something is a door that opens to a success story, and hence, they try time and time again just until the success that they are expecting of themselves.
Moreover, these people are not willing to believe that some things are not possible and cannot be done. Without that, they would not be able to push through and keep moving forward when times get really tough and there seems to be no way out.
DISCIPLINE
The reason why some business owners always seem to come up as winners are because of business discipline than great ideas. Most people believe that the hard part is coming up with the idea and easy part is turning it into a business but it’s actually the other way round.
Once condensed the business experiences of the majority of successful business people it sums up to nothing but the key disciplines that they maintain throughout. They started out with the total and ongoing customer service, formulate and adopt a particular business plan, assemble a team with the right skills and experience, learn to communicate effectively with the insiders and outsiders, manage the business with metrics and goals, cultivate mental toughness and resilience, etc.
It is extensively necessary for a successful entrepreneur to focus all their energy on making the business work, and for rooting out distractions and obstacles that start to grow like a weed on their paths of achieving their goals. Their overarching plans help them to reach their goals. Moreover, entrepreneurs become successful as they are always disciplined enough to make new steps every day without fail towards the accomplishment of their motives.
CREATIVITY
A million-dollar idea is that fills a need in the market. However, it takes for an entrepreneur to spot disparities and lacunae and come up with multiple ideas to fill them in. Of course, any new idea that’s good enough will have its fair share of copy cats. Although, natural entrepreneurs are the original creators. They always are looking for opportunities in everything they do.
Even at their current job or start-up, they keep looking for opportunities. They are always coming up with ideas and pitching each other. This helps them to spot the good ideas that come their way. In this new world of constant culture and technological change, the only source you can rely upon is your own ability to learn faster and be more creative than your competition. So, you see? Successful business people have learned it pretty well how to spot out the best opportunity.
CONFIDENCE
Successful businessmen have tremendous confidence in themselves and in their businesses. They truly and deeply believe in their ability and their ideas. Every entrepreneur faces rejection along the way but every successful entrepreneur has the faith and confidence to keep going on the right path. As the honorable Chris Began has framed it with magnificence that “Confidence comes from trying things.
From learning, doing, failing and experiencing. Start doing.” it is crystal clear as to how necessary it becomes for an entrepreneur to stick with an idea and remain confident about it throughout their journey towards their desires. They have a clear idea of their higher purpose and always focus on the benefits of their customers. They don’t get frightened of people saying “no” to them. They try to learn from every “no” they get.
RESILIENCE
The founder of cable news network, 24 hours cable news channel, Robert Edward Turner III with admirable confidence says, “I just love it when people say I can’t do it, there’s nothing that makes me feel better, because all my life, people have said that I wasn’t going to make it.” No matter how successful your business is, there will be bumps along the road.
Ted Turner talks about being resilient and possessing a capacity to bounce back real hard from a setback. The successful business people use every setback as an opportunity to learn, grow and thrive. They have a better understanding of the sentence “failure is a part of the game.” Resilience focuses on preserving the processes and procedures that help a business survive unexpected threats. And the entrepreneurs recognize that business operates in an environment of continuous change, their resilience comes into light that focuses on how to best preserve values in these complex environments.
Running your business can be tremendously rewarding and tiring simultaneously, but not everyone is cut out to be an entrepreneur. Before taking a jump into entrepreneurship, ask yourself if you have what it takes to be a successful business person. If you do, you’re ready to embark on the journey of your dreams.
Now since you know some of the key traits of a successful individual, it will also be a good idea to check out this article which has 3 stories to inspire you to live better.
I hope it helps you take your first step towards a successful life journey!
Originally published at https://www.fuzia.com.