Tips & Guide

11 Common Characteristics That All Successful Business Owners Have

Handling a business could be a very difficult task for any person to have, right?

If you answered yes, you are wrong. It’s all because some of us share the traits that most successful business owners possess, which make it easier for them to operate a business, whether large or small. To give you a better understanding of what I’m talking about, I’ve listed the attributes that I believe most successful business owners today possess, as well as why you should have them as well.

Characteristics That Successful Business Owners Have

1. Great in solving problems

As a business owner, you’re going to be facing a lot of challenges before you reach your business goals. There may be problems that you, yourself, can only solve, that no business partner or employee can.

Problems can mount out fast when you have your own business, that’s why you must be good at solving them, and to solve them fast.

If you can do things on your own and manage to get by most of the obstacles that life has thrown at you before, then there’s a good chance that you could be a successful business owner too.

2. Creative

If you want a good example of a creative entrepreneur, then Mark Zuckerburg is your man. Facebook is the most successful social networking site for the past several years, and they’re still going strong. How do you think they were able to outlast Friendster or MySpace?

It’s because the team or maybe just the man who created Facebook believed that in order for them to be a success; the users must love them and at the same time enjoy using their creation. Even if Facebook does not have a pretty exciting design, it’s still the most well-known social networking site in the world because of their impressive platform and easily recognizable logo.

Trivia

Now, that I mentioned logos, do you know whose logo is the most recognizable in the world?
Well, it is definitely not Facebook, but the soft drink giant, that goes with the name Coca-Cola.

coca-cola-brand

Coca-cola has been around in this world for about 130 years now, that’s way older than my grandparents, so how were they able to last that long?

Maybe because the people behind Coca-cola’s success are creative enough to find more ways to promote their product, and that their logo designs are too good not to be noticed by every people in the world. Just look at that nice looking design up there. You can put it anywhere and it would still look appealing, right?

3. Confident

Confidence is key for being a successful business owner. If you’re not confident about yourself, the products or services that you sell, and your business as a whole, then how can other people trust your business?

If you want another example of a well-known business owner who had this characteristic, then Steve Jobs is the your guy. He was so confident on himself and his works that it helped them land the deal that they were seeking for because of him.

Steve Jobs

Steve and his friends were having a hard time expanding their company because they don’t have enough money to fund their projects. That’s why Steve decided to call hundreds of companies and ask them to invest on theirs. Luckily for them, one showed up and believed that Steve Jobs is a great man to invest on.

Why did Mike Markkula decided to give the men behind Apple the funds that they need?
It’s because he saw how confident Mr. Jobs was, and believed that he would do great. The rest was history.

4. Good at Networking

You can’t do it alone. You’re going to need to get some help and assistance at some point, and one way to do get those is to be a good networker. You need to increase the people that you know, and if you’re lucky your customers could also increase as you make more friends.

I read an article before, but I forgot its link, so sadly I can’t share it with you. The message of that article is simple, the more people you know, the luckier you are, do you agree with that?

Read also: 9 Easy Steps To Improve Your Communication Skills

5. Born Leader

If there is such a thing as good leadership, it is to give a good example. – Ingvar Kamprad

Most business owners’ reason for starting a business is because they don’t want to work for others. They want to be their own boss and work on their own time. Unfortunately, one can’t do it all when it comes to running a successful business. You should get some people who can help you out, those people are your employees, and you need to lead them and your business over the hump to succeed.

Bill Gates is a good example of a man having great leadership skills. He started programming computers at age 13, didn’t finish college, but still found his own way to succeed in life. He is now leading nearly 100,000 employees in the company that he started called Microsoft.

Other well-known successful business owners who are great leaders too:

  • Ray Kroc (Founder of McDonald’s)
  • Steve Jobs (Co-founder of Apple)
  • Sam Walton (Owner of the first Wal-mart)
  • Henry Ford (Co-founder of Ford Motor Company)
  • …and many more

Read also: The Three Elements and Seven Rules of Motivation

6. Risk Taker

You may already know now that setting up your business is already a very risky thing for someone to do. You don’t have any idea on what’s going to happen to you and your business, and the desire to achieve your goals despite those risks can sometimes be the only reason why you have a business. Which I think is not that bad as some people might think. I really believe that being a risk taker is a pretty good thing.

Why?

It’s because being able to face uncertainty is something few people could do. That’s why most of the great opportunities in life are not known unless you decide to try it out yourself and face the risk. That’s the simple reason why I think being a risk taker is a very awesome trait to have.

7. Early Riser

The scientifically established hours of sleep for a good night’s sleep are 8 hours of uninterrupted sleep. But oddly, the scientists who have invented this concept do not follow this guideline because you cannot sleep for so long and expect to be successful.

The quality of sleep, not the number of hours slept, is what counts. Because it all depends on your mood when you go to bed, you can sleep for 10 hours and wake up disoriented and fatigued. Successful entrepreneurs understand that how they manage their time has a significant impact on their productivity.

And, in order to have more time on their hands, successful entrepreneurs get up early enough to address problems or plan their days. This gives them an advantage because it reduces their daily workload and allows them to meet their objectives on schedule.

Read also: 8 Ways To Make Morning Routine Perfect

8. Optimistic

When you have a business, you should always be optimistic. You can’t think differently because it may affect your chances of succeeding in your chosen path. It is already a proven that most small businesses would fail in their first three years of existence, but you shouldn’t be affected by that.

There’s still a good chance that your business would succeed, and have a different fate than those who fail, you just need to trust yourself. Having a great business plan and knowing where to put your efforts can help you lead your business over the hump that most small businesses couldn’t seem to get past.

9. Ability to Keep Work and Family Life Separate

Running a small business needs a lot of effort and, at times, long hours, especially in the beginning. Working nonstop to the expense of family life, on the other hand, leads to burnout soon. When it comes to mobile phones and laptops, small business owners who make a success of their firm are good at turning off when they go home.

Read also: How To Find Balance in a Chaotic World

10. Discipline

If you’re late or not paying attention, no one will confront you. You must maintain self-discipline since only you can bring your ideas to fruition. Are you committed to putting forth enough effort every day, even when no one is looking? When you’re alone, can you keep focused on your work and resist distractions?

11. They Never Give up

Entrepreneurs have to accept problems and decide on solutions to face and solve them. They are the only responsible and the one who is in charge of identifying mistakes in order to improve them. There’s never a shortage of work to be done. And there may be large ups and downs on any given day, such as landing or losing a major client. Despite all the inconveniences they encounter along the way, they never give up.

Conclusion

Those are just some of the traits that most successful entrepreneurs have in common from Bill Gates up to Mark Zuckerburg. They all have failed at some point but because they’re too persistent, they’ve been able to achieve their goals and succeed in their respective lives.

Lastly, I want to share with you this quote I just made up. I hope you would like it.

AboutKara

I’m a writer, new mom and foodie. I love sharing what I know while making others feel beautiful. On this blog, I share my healthy lifestyle, simple meals, fitness tips and experiences.

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