What do you need to be a successful entrepreneur?

Updated: Dec 3, 2021

It takes time and tremendous efforts for an entrepreneur to reap the fruits in their business journey. The U.S. Chamber of Commerce has named 06 traits that can help entrepreneurs along their path to success.


1. Persuasiveness

To gain customers for your products and services, you need to be able to persuade them into recognizing what they can get from your offering. To get your start-up capitalized and funded, you also need to be persuasive in having the stakeholders to buy your business ideas and plans. Persuasiveness is forever a necessity, either at the start or in the later stage of your entrepreneurship.


2. Flexibility

Charles Darwin once said: "“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” Needless to say, through the rampant Covid-19 pandemic, business owners know this quote best. It is all about being flexible with your plans to survive and to find new ways of doing things.


3. Creativity

You are the creator of your start-up, your products, your business path. You work hard. You get success, and gain customers. But your work won't stop at that. Business nowadays is all about sustainability and growth. To make that happen, your creative work will need to move on with time to keep your business a "going concern".


4. Self-motivation

Motivation is like the charger of your "battery", your positive energy. Entrepreneurs are supposed to go through even more bumpy roads than ordinary people and ready to accept more failures. A strong capability for self-motivation is vital to get you stand up after a fall and continue to walk through failures toward the achievements you long to make.


5. Tenacity

Working as an entrepreneur, you can expect a huge amount of challenges. Will you give up when you are half-way through the journey? Will you be doubtful about whether you can make something out of your time and efforts? Remember when you first start the setup for your firm with excitement, passion, etc...Tenacity helps you to hold tight to your genuine enthusiasm and to have a positive mentality to move forward.


6. Passion

Last but not least, we come to this letter "P" - passion. It is the default trait for a successful life in every sense of the word "success". It is the fire that warms your heart, and keeps it alive through the journey. Your business idea can be fascinating, but if it is not presented with a passion to your customers, it may appear to be "cold" without radiating much glow to convince people to buy it.





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Reference: https://www.uschamber.com/co/grow/thrive/personality-traits-of-great-entrepreneurs

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