5 Traits of Successful Entrepreneurs

It’s all about mindset. I’ll share five mindset traits that will help you move forward with your side business be successful. You’ll come to find that many entrepreneurs possess the same characteristics.

Trait #1: Self-confidence

When I decided to transition to business coaching while working full-time and raising a family, I asked myself how much do I want to commit to my side business so I can continue taking care of my responsibilities and keep motivated.

It was a rough ride at the beginning, trying to do it all. I used to think that it was impossible and I had no idea how others were doing it. But, as time went on, I managed to make it happen because I gained self-confidence and believed that it was meant to be.

One of the key factors to accomplishing my goal and kept me going was self-confidence. It’s that magical power of having confidence in oneself and one’s powers and abilities.

Trait #2: Achievement oriented

Focused and sustained effort gains results. It’s about concentrating on achieving a specific goal, not just accomplishing a string of unrelated tasks.

To reduce overwhelm, break down each task into smaller tasks that would be easier to follow through. Every task you perform that relates to your business, regardless of how small, moves you closer to achieving your goals.

Trait #3: Become a risk taker 

You realize that there is a chance of loss inherent in achieving your goals, yet you have the confidence necessary to take calculated risks to achieve your goals.

As a business owner, we’ll make decisions, take action, and can control our destiny. We are motivated by a spirit of independence which leads us to believe that our success depends on our effort and hard work, not luck.

So, which of these three main characteristics (self-confidence, achievement-oriented, becoming a risk-taker) is the most important? Believe it or not, it has to be self-confidence. Without confidence, nothing else is possible. If you don’t believe in your abilities, then the first challenge that arises may knock you off the path to achieving your goals. The other characteristics are a few things to keep in mind for maintaining a higher level of self-confidence.

Trait #4: Positive thinking 

Well, it all starts with a positive attitude, doesn’t it? Believing that something good will happen is the first step. Negative thinking simply is not allowed.

You must truly believe that there are no circumstances strong enough to deter you from reaching your goals. Remember too, that positive thinking can be contagious. When positive thinking spreads, it can open doors to new ideas, customers, friends, and so on.

Trait #5: Persistent Action 

Now all the positive thinking and believing in the world is useless if it is not applied towards a goal. You have to take action, no excuses are allowed. This action must also be persistent. Trying once and then giving up is not going to be enough. Keep at it one step at a time. If you can’t get by a particular task, then find a creative way to try again or just go around it.

We’ve identified five traits that are common among successful entrepreneurs. You should be able to look ahead and see yourself where you want to be. Now just maintain a strong belief in yourself and your skills, stick with it, and don’t give up. If you can do that, you’re already halfway there!

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