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The successful entrepreneur comes in all shapes, sizes, ages, and various appearances. So, what makes them a success? What commonality is there between the CEO of a tech conglomerate and the owner of a successful small start-up company? What parallel can you draw between Steve Jobs and Melanie Koerperich of Milrich Virtual Professionals? The following traits can be found in successful entrepreneurs from multi-million dollar companies to small businesses.
1. Entrepreneur Modesty:
You must have a certain confidence to be a success in the business world. However, that confidence should not come at the cost of the ability to know your own weaknesses or cause you to be unable to admit wrongdoing. One thing I’ve learned about business is that the most successful businesses are the ones that have strong teams not just strong individuals. Business should be a collaboration. What good is it to have a great idea if you can’t execute it in a way that is cost effective? What good is it to know how to follow through if you don’t have any original ideas? It is very rare to be both creative and analytical. If you want to be successful it is necessary to define what part of the process you excel at, what part you struggle with, and identify a counterpart that can offset your weakness.
2. Entrepreneur Ambition:
This is pretty simple; without ambition, your vision and business will not progress. If you are a person that is happy with the status quo it will be extremely difficult to be a success because there isn’t a desire to improve or expand. Successful entrepreneurs are always looking to challenge the expected, to be innovative, and to excel.
3. Entrepreneur Adaptability:
You will encounter all types of personalities in the business world. It can be both internally and externally. The successful entrepreneur knows how to exercise reason and to adapt to different personalities. This is why knowing your limitations is important because there are successful entrepreneurs that cannot manage this but they know this is their weakness and have others who can do this for them. However, let me say that when a business is small it is difficult to expand if you don’t know how to reason with and adapt to different personalities.
There is no hard fast rule stating if you do not possess all three of these qualities that you will NEVER be a successful entrepreneur, but that’s why modesty is most important. You have to be able to use constructive criticism on yourself and not be afraid to seek help to temper your shortcomings.
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