Entrepreneurship: 5 Common Qualities all Entrepreneurs Possess

Scot Ulmer

Steve Jobs

Though the definition of success can vary from person to person, those who consider themselves entrepreneurs often share many of the same characteristics. If you are thinking about becoming an entrepreneur yourself, it may be beneficial to see if you possess these similar qualities. Here are five common qualities that most all entrepreneurs possess:

First, to become a successful entrepreneur you must do what you enjoy. According to an article published by Entrepreneur.com, “What you get out of your business in the form of personal satisfaction, financial gain, stability and enjoyment will be the sum of what you put into your business… if you don’t enjoy what you’re doing, chances are you won’t succeed,” (25 Common Characteristics of Successful Entrepreneurs). You’ve probably heard the phrase “do what you love” a thousand times, but there is a reason for its familiarity, and entrepreneurs are known to oblige by that rule. If you don’t enjoy what you do, it will reflect on the success of your business.

Second, all entrepreneurs are great planners. Many have formed positive habits over the years that have helped build their inclination to develop and implement certain strategies to help bring success to their business. In doing so, they have become consistent planners in a variety of ways. From setting day-to-day tasks in motion, to looking at long-term business goals, planning is an important aspect of all entrepreneurs.

Next, entrepreneurs are more likely to project a positive business image than just your average boss or company CEO. According to Entrepreneur.com, “You have but a passing moment to make a positive and memorable impression on people with whom you intend to do business,” (25 Common Characteristics of Successful Entrepreneurs). Entrepreneurs are experts when it comes to using imagination and creativity to create and maintain a well-liked, and recognized professional image. Most entrepreneurs pay close attention to detail and are meticulous about the ways in which their company is portrayed so that all prospects can view it in a positive light.

Fourth, entrepreneurs focus on building strong relationships with their employees and customers. Entrepreneur.com notes that “One of the biggest features and often the most significant competitive edge the [home based] entrepreneur has over the larger competitors is that he can offer personalized attention,” (25 Common Characteristics of Successful Entrepreneurs). Being able to build long-term relationships with customers and employees on both personal and professional relationships is crucial to running a successful business.

Last, all entrepreneurs take what they do seriously. One cannot achieve success if they do not want that success, and to want success means that you take what you do very seriously, even if it means sacrifices must be made for the sake of your business.