5 important attributes to becoming a successful entrepreneur

These days there are a lot of rising and want-to-be entrepreneurs out there, but probably do not really understand what it means or what it takes to become an entrepreneur.

In this article I’m going to share with you five key attributes to prove yourself as a successful entrepreneur.

Starting out a business or a startup does not automatically make you an entrepreneur, but some personal characteristics you develop with time makes you stand out as a successful one.

Standing out to be successful makes you an entrepreneur, some even call themselves CEO, it could mean a lot, maybe “Chairman Of Everything” and not what I’m thinking, these titles are earned and not just self-acclaimed, so reading through this article, I will let you judge yourself after sharing these characteristics.

5 Qualities to become a successful entrepreneur

  1. Discipline.
  2. Persistence.
  3. Integrity.
  4. Focus.
  5. Action-Oriented.

Let’s dive deep;

I just mention the five characters I have always noticed in all successful people we’ve all been seeing around us. Now let me shade more light.

1. Being Self-Disciplined.

Every successful entrepreneur should have this trait first, becoming successful in any business requires you to be more disciplined than others, i.e not just the regular how-to-do the business right. 

Success requires making a difference and that lies in the ability to do what you need to do even if it’s not easy, but because you have to do it, this guarantees more success than others who will take the challenging situation as an excuse.

The only secret to attain this is understanding that doing what others won’t do distinctify you from failures.

Despite the importance,  I must not lie to you, it’s not always easy to be self-disciplined, but you will need to learn self-mastery, self-responsibility, self-control, and even self-direction to do that.

2. Persistence 

Being persistent is another key character that makes you a successful entrepreneur.

Brian Tracy quantifies it to the character of a successful man as carbon is to iron.

If you ask or check any successful man you know, you will realize it’s one major trait in them. Persistence is the ability to get your mind prepared ahead of any challenge on your entrepreneurial journey, it may come in the form of setback, disappointment, delay or even low turnover.

This trait needs you to have resolved this in your mind in advance that they are necessary and you will not be disturbed by them whenever they come your way, and by this you’re assured of success.

Having persistent may be your greatest opportunity over other competitors while they are all tired, you are still there to see it work out. This may look crazy, doing what doesn’t work over and over again and expecting to get a different result.

Being crazy about your startup idea or business plan shows how much you believe in it and how well you can convince others to believe it.

You may also like to read; Five Startups that made more money in Nigeria during the lockdown

3. Integrity

Having integrity is another good attribute you must have to become successful as an entrepreneur. 

This character is an important asset to preserve your value and this earns you respect and builds your reputation. Being honest simply makes you more valued within your business circle.

Learn not to compromise your integrity because of what you earn immediately and remember your word as your bond to always honour, it can mean everything, do not compromise it because your success in business relies on people trusting your words.

The last thing to realize here is that the number of people who trust you will be able to buy your idea, product, service, or partner with you, give you credit, help you during challenges, and so on.

Integrity is the most important asset you’ll develop throughout your lifetime and this character depends on how much you can be trusted.

 4. Focus

The fourth factor that makes one a successful entrepreneur is a clear sense of direction, which is focus.

Never forget your initial plan due to some challenging situation to chase a quick and unnecessary profit or benefit spending more time to think about them while leaving the real plan on the sloppy end.

The most important responsibility as an entrepreneur is to be able to give your audience a clear direction, you need to plan a clear enough business which will make your target a reality and this is another strength where your success lies.

5. Action Oriented

Lastly on this list is being able to take actions in the right time, ability to decide as quickly as possible. 

As entrepreneur, you need to take advantage of time and be able to think sound and take quick actions, by that you’ll see quick response. With this you’ll be able to make quick adjustments if there is any error or realise any mistake while others are still thinking about it.

The basic point about taking action as early as possible is to at least try, no loss in trial, it’s either you succeed or you learn, and it’s a key to triumph. Any odds in trial is an avenue to figure out the right way that works for you.

So being a sluggish entrepreneur doesn’t help, entrepreneurial success is for quick action takers.

Which of these attributes do you lack?

Which of them do you have? and which one do you think you have but need to work on, these are just important five in many we have.

So now I’m going to my secret place to check myself and work on those I need to, to start having a better result and I want you also to do the same.

And if you have any other traits I’ve not mentioned here you can always share in the comment section, of course this is not all but few most important characters I’ve ever seen in most successful entrepreneurs which I think will be good for us too to know.

Oluwalonii Mercien

Endlessly developing solutions in tech, fintech, and African startups.

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