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10 Common Traits of Successful Entrepreneurs

venndiagramordertakercommanderrebel1In the past few months I’ve had the good fortune of working with a number of successful serial entrepreneurs; people who’ve built multi-million dollar companies and sold them or taken them public for tens of millions.

In our conversations I am always amazed with their similarity in thought and personality type. So similar in fact, I sometimes get confused with who I’m talking to. I remember saying to one of these individuals “wow, that’s so weird, this sounds almost identical to a conversation I had with another successful serial entrepreneur just the other day.” He replied, “that’s because these are the positions people who think like this end up.”

Napoleon hill studied successful people of his time before writing “Think and Grow Rich.” He made a number of observations. Unfortunately it’s been years since I read that book and I can’t remember any of the principles except that those who succeed give just a little more effort than those who don’t.

Anyhow, here are 10 of my personal observations on traits, qualities, and skills of successful people:

  1. Like Zig Ziglar says…”Help enough people get what they want and you’ll eventually get what you want.” I’ve noticed there is a great skill among these individuals to help others and bring them together as a group. They build incredible companies by finding skilled, motivated people and making them stakeholders. They also have a keen focus on helping customers get what they want.
  2. Humility – of course there is pride in accomplishment but the most successful people I know have a humility that brings people together.
  3. Understanding of weaknesses and the willingness to surround themselves with people who can help.
  4. Curiosity and desire to learn new things.
  5. Unusual capacity for connecting the dots, being able to see the big picture, how the elements should fall into place, and the next logical step.
  6. Salesmanship and the ability to negotiate to the advantage of all parties involved.
  7. Not afraid to ask questions.
  8. Not afraid of asking for help.
  9. Ability to see the project as a living, breathing entity and in doing so create a desire in others to nurture the project.
  10. Focus on the most important aspects of the business, sales, marketing, and creating a winning team.

Of course there are many traits but these are the most apparent to me. If you’ve read Micheal Gerber’s book “The E Myth Revisited – Why Most Small Businesses Don’t Succeed.”  Gerber points out most small businesses are started by what he calls “Technicians.”

Technicians are people who previously worked as employees in a trade such as carpentry, bookkeeping, cooking, etc…who thought to themselves one day, “Why am I working here? I could do this better,” and broke off on their own.

Technicians may or may not share these traits but I’m not referring to technicians here. Those I am referring to are entrepreneurs in a different sense of the word. They are not simply replicating a business in a field where they worked. I think it’s important to point out most of these people began life as entrepreneurs. They have always (or nearly always) been in the idea business, creating and materializing businesses from a clear mental canvas rather than painting over an already painted mental canvas.

Have some thoughts on this? Please share them by commenting below.

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One Comment »

  • Zulueta .... said:

    This is awesome. Thanks for sharing this wonderful info.

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