6 Leadership Traits for Becoming a Successful Entrepreneur

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Posted On : 14th, May 2019

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Guest blog

6 Leadership Traits for Becoming a Successful Entrepreneur

14th, May 2019    -    Guest blog

They say success never comes easy. Well, pick the journey of any successful entrepreneur from Bill Gates to Mark Zuckerberg, and you’ll know that whom we see owning empires today are the ones who’ve shed their blood, sweat, and tears to become what they are today.

Every one of us is busy in knowing the net worth of big business giants, but how many of us are really interested in being aware of the traits that have made these modern-day heroes more suited to striking out on their own in business? Not everyone is cut out for entrepreneurship. So, what is it that successful entrepreneurs strongly possess and others don’t? Read through this article and thank us later.

1.   Perseverance

“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

These words said by Steve Jobs, co-founder, Apple Inc., prove that perseverance is the key to entrepreneurial success as this ability keeps the business leaders going in spite of having stumbling blocks on their way. Setting up a business is certainly not for the faint of heart and cowards. If you really want to achieve milestones, then you can’t afford to give up quickly whenever you get hit by the fierce winds of adversities. You won’t find any overnight success story of a successful entrepreneur. They are all armed with perseverance and rock-solid determination to win, come what may.

2. Fearless

“The greatest successes come from having the freedom to fail.” Mark Zuckerberg, CEO of Facebook stands firm invariably on his own saying. It’s true that those who aim to succeed in a complex business world are never afraid of the failures as they understand that starting a business is equivalent to taking a huge chance. However, despite being flanked by the odds, entrepreneurs take risks, put their reputation at stake, and even if fall seven times, stand up eight. They truly believe that one cannot get anywhere in life without taking chances.

3. Passionate

"If you’re starting something on your own, you better have a passion for it, because this is hard work." -Sallie Krawcheck, Co-founder of Ellevest. 

To achieve specific goals, everyone needs a fuel called passion that drives us to work harder than yesterday. If you often wonder what is it which makes the entrepreneurs toil day in and day out, then the answer is simple. It’s all about the passion for their field of interest. It keeps them excited about their work even though if it’s throwing curveballs time and again.

4. Decision-Making Skills

"Don’t let others convince you that the idea is good when your gut tells you it’s bad." -Kevin Rose, co-founded Digg.

Someone has rightly said that your decisions make or break you. To savor success in the realm of business, it’s crucial for entrepreneurs to be decisive and make wise choices. Every day a business owner needs to take big or small decisions that strongly determine the outcome. A successful entrepreneur carefully weighs the options at hand and acts accordingly for the betterment of his business.

5. Creativity

“Without the drive to be creative – it will be difficult to make your business stand out.” - Elie Hirschfeld, the President of Hirschfeld Properties.

Needless to say that creative thinking is a must-have skill for an entrepreneur as it allows him to create fresh ideas which eventually give him an edge over the excessive competition. It is a huge part of good business acumen without the presence of which none of the businesses can run for a longer time. Successful entrepreneurs always come up with new ideas and understand the fact that to stand out from the crowd; it’s essential to think out of the box and bring out something innovative.

6. Self-Improvement Abilities

“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.” – Elon Musk, CEO of SpaceX and Tesla Motors.

No matter how successful the entrepreneurs become, they never stop learning and always strive to know the things they’re unfamiliar with. They never miss out on an opportunity to work on their personal growth and keep themselves updated in order to become more knowledgeable.

None of the entrepreneurs are born with these characteristics. Some of them learned and imbibed these traits gradually with time while some adopted them through mentors in life. If you too dream of becoming a successful entrepreneur, then make sure you start working on these qualities from today itself and emerge victorious.



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Mr. Moulik Jain

Mr. Moulik Jain is serial entrepreneur based in Mumbai and qualified engineering in computer science. He has 7 years of experience in digital marketing. He worked with numerous digital marketing companies. He has also co-founded another company, Design Pitch Deck that has grown to be one-of Asia’s biggest player in the corporate/investor presentation design space.

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