In the last post, we covered the first five of the Top Ten Traits of Effective Business Owners, now it’s time to reveal the final five!
Top Ten Traits of Effective Business Owners #6 – #10:
6. Mr. (or Mrs!) Nice Guy
Successful business owners are able to meet and interact well with all kinds of people: employees, customers, suppliers, lenders, government representatives, and more. They are also excellent team builders; they encourage teamwork so their businesses can function like well-oiled machines. As an entrepreneur, you must be able to motivate employees, facilitate communication, and get along with a variety of people.
7. One-Track Mind
Dedication to your goals is easily the single biggest contributing factor to the success of your business. When you are committed to succeeding, success becomes a far more likely reality. These attributes can even overshadow weaknesses you may have by giving you the determination to overcome obstacles, find new ways to meet challenges, and persevere through good times and bad.
8. Put Up Yer Dukes!
Confrontation doesn’t have to be a bad thing. If you want to succeed in business, you should be able to confront negative situations or personal conflicts honestly and openly. Strong managers avoid blaming others, making excuses for business failures, or sweeping issues under the rug; instead, they confront these situations head-on and deal with them accordingly.
9. Reaching for the Stars
Business owners must be success-oriented. Often, employees strive to meet the standards set for them by their bosses. As an entrepreneur, you strive to meet and exceed the expectations you set for yourself, not just the ones placed on you by others. Successful business owners challenge themselves and their businesses to continually improve and do not get derailed by failures.
10. The Ultimate Go-Getter
A common misconception about entrepreneurs is that they are dreamers. This couldn’t be further from the truth. True entrepreneurs are action-oriented, which means they have the ability to identify a problem, find a solution, then create and execute a plan to make it happen. Successful business owners must be doers, not dreamers, because success – in business or in anything else – happens by putting one foot in front of the other.
Okay, all done!
You may have guessed by now that the more ‘yes’ answers you have, the likelier it is you are entrepreneur material. If you didn’t score as highly as you would have liked, however, don’t lose sleep over it. All of these traits can be learned with practice. Plus, those of you with lots of ‘no’s should congratulate yourselves for answering honestly; many would-be business owners fail because they refuse to see situations for what they really are. Instead of getting discouraged, seize the opportunity to hone the skills that need fine-tuning.
This self-assessment is only the first step in evaluating your candidacy for entrepreneurship. Hopefully it’s gotten you excited to continue exploring the concept of business ownership and find out which business is right for you. For a more detailed assessment of your “natural” aptitude for being in business for yourself request your personal business profile assessment today.
Ronald Lorne Smith