6 Traits That Iconic Entrepreneurs Have in Common


6 Traits That Iconic Entrepreneurs Have in Common
Beth Worthy

Beth Worthy

4/4/2014

Entrepreneur Traits in Common

If you look at the most iconic entrepreneurs of our time, they have six traits in common, six traits that the common man can manifest as needed, as long as he finds himself in the right place at the right time. Let’s have a look at some of those traits in detail:

Flexibility

It is good to have a plan, but being too rigid in your financial planning or advertising campaigns could cost you thousands, where small adjustments could earn you thousands of dollars in profit. Every business with its doors open is governed by the consumer, so the vision you had in mind for your company starting out may not be the way it looks in the end. Keep an open mind.

Confidence

You have to be extremely sure that your product is something that will change the world in order to sell it to someone who probably doesn’t need it. The power is in your presentation. If you present with confidence, anyone with whom you come in contact with will see a leader when they look into your eyes.

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Passion

You need to love what you do if you hope to influence others to take part in it. Pretending to enjoy something is different than actually enjoying it, and every entrepreneur has something that pushes them out of bed in the morning and helps them stay focused throughout the day.

Vision

Entrepreneurs have a much different way of looking at things than most people. They can spot opportunities that others would likely miss, and find ways to create opportunities that others would not.

Tolerance of Uncertainty

A big part of running a successful business is the ability to weigh the odds objectively. The entrepreneur takes calculated risks without overwhelming fear or anticipation. Loss affords him knowledge of what not to do next time, and that is just as valuable as a win.

Endurance

Running a business is more like a marathon than a sprint. The successful business owner will spend years making hard decisions, recruiting, hiring, training and bookkeeping. Mental endurance is crucial to his business initiative, and to his bottom line.

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Beth Worthy

Beth Worthy

Beth Worthy is the President of GMR Transcription Services, Inc an Orange County, California based company that has been providing accurate and affordable transcription services since 2004. She has enjoyed success at GMR for almost ten years now and has helped the company grow. Within two years of Beth managing GMR Transcription, it had doubled in sales and was named one of the OC Business Journal’s fastest-growing private companies. Outside of work, she likes spending time with her husband and two kids.