Opinions expressed by businessman the collaborators are theirs.
It’s tricky to compile a list of what makes entrepreneurs successful, mainly because their individuality often sets them apart for life as an entrepreneur.
However, there are notable commonalities among those who ignore an employee’s life and go their own way. We’ll look at five in this article, but as you can imagine, that’s just the tip of the iceberg.
I should start this list by saying that these traits are the qualities of a successful entrepreneur and I don’t want to talk down to the highly successful. This article is intended for those who are at all stages of their entrepreneurial journey. This article is designed by encourage you instead of making you feel inadequate.
If you’re someone whose business isn’t where you want it to be or you’re frustrated by a recent setback, don’t think of this as a list of things you’re missing. Cheer up, because number one on the list is…
1. The will to fail
Fear of failure is a common condition. It can be related to education, sibling rivalry, bullying, or a whole host of other traumas.
At bottom, it’s about shining a light on our perceived inadequacies. What we fear is being exposed to our peer group as a fraud. Because? Because social ostracism, in our prehistoric mind, is akin to death.
We are tribal by nature. We survived in the past by combining resources and manpower. Being kicked out of the tribe was essentially a death sentence because survival in the wilderness on your own was next to impossible.
We are still connected like that.
We fear failure because, even though it no longer entails literal death, we perceive the threat of “social death.” We worry that we will be cast out because of our lack of usefulness and value to the tribe.
But as entrepreneurs we must be willing to fail. We don’t know what’s around the corner. As recent world events have shown, no one does. We have to do our best and learn from what doesn’t work. Failure is a gift. All entrepreneurs are not only comfortable with this notion, they embrace it. Entrepreneurs understand that it’s part of the journey.
Most ideas and businesses fail. If you’re not failing, you’re not doing it right!
Related: Who is a Successful Entrepreneur?
2. Critical thinking
As the first trait, critical thinking allows entrepreneurs to break free from herd mentality. This is not to be confused with blind contrarianism. Instead, it is the ability to evaluate information and judge it on its merits before acting on it.
Thanks again to our desire to stay with a tribe; we don’t like to go against our will. It is easier to doubt our judgment than to question the group. So we take the path of least resistance.
That’s why it’s so easy to end up in a 9-5 job, not being creatively fulfilled and feeling like you’re not making an impact.
Every entrepreneur is able to evaluate information. They have an instinct that they trust with a clarity of vision (we’ll get to that shortly) guiding them to their goal. Following the herd usually won’t get you where you want to be. Think critically and independently.
3. Clarity of vision
A lack of connection to the outcome tends to hold most people back when embarking on a new venture. They haven’t created enough of an emotional bond to get what they say they want, so they lose the connection to it.
This manifests itself in many different ways.
Usually, self-sabotaging behaviors like procrastination slowly creep into our minds. This is because our subconscious fights against the change that our conscious wants to enact. He fears change because it represents the unknown and wants to stay close to safety.
Every entrepreneur has created a clear vision of what they want to achieve. They can connect to it emotionally and identify how it will feel when they achieve their goals.
Related: Vision: The Engine of Entrepreneurship
4. Leverage on themselves
Friedrich Nietzsche said: “He who has a strong enough why can bear almost any how.” What sets an entrepreneur apart is their absolute faith and emotional connection to the desired outcome. They know that they will always move towards that goal, regardless of setbacks.
How? Because they have enough influence over themselves, the thought of not always progressing towards their desires is more painful than giving up. Armed with this desire, they are unstoppable. Nothing will deter them.
5. Strong communication
Every entrepreneur knows that they need others to succeed, so they seek to surround themselves with people in positions they would like to emulate.
Without good communication skills, it is impossible to paint an accurate target for others. If you want others to understand your passion, drive, and leverage, you need to communicate it.
It’s very easy for things to move quickly as you introduce more people to a company or cause. That is why strong communication is a quality that every entrepreneur must possess.
Related: 14 Proven Ways to Improve Your Communication Skills
As I said before: this is only the tip of the iceberg. Beneath all this are a million different qualities, down to the level of the individual. But these are certainly a good start. Some will have these qualities naturally, but they can also be cultivated over time.
My encouragement is to take stock of where you are in your entrepreneurial journey and see which of the above areas could use attention. Then seek help and guidance on how to grow in these areas.
Go ahead and stay connected with your chosen result. you will go there!