I’ve been, and I’ve known a lot of, successful entrepreneurs. When thinking through why some made it and some didn’t, seven personal characteristics appeared to be consistent with success.
- Invest in Yourself. I’m not talking so much about money, but rather about time and energy and passion and commitment. If you invest in yourself, it means you believe in yourself, your mission, and your ability to plan and achieve your mission goals.
- Always Be Curious. Successful inventors think up cool stuff because they are constantly curious about how things work, why things work, and how they might find a way to do things better. Successful entrepreneurs are always looking for better ways to execute the mission.
- Run with Smart People. Whether you use people strategically—to get things done— or for inspiration—to stimulate your creative juices—it doesn’t advance your mission to surround yourself with unimaginative or non-stimulating people.
- Always Network for New Contacts. Insurance agents don’t get new clients by having lunch with other insurance agents. The same group of people, although they might be comfortable, will probably discuss the same positions and perspectives. You will generally learn something valuable from new people—smart people.
- Learn… Continue reading
To achieve success as an entrepreneur, it takes Ambition, Commitment, a Plan, and a Product people will pay for. If you have the first two, you can work out the others.
I was thinking about all the successful entrepreneurs I’ve known and had a couple of thoughts. They aren’t necessarily the smartest people, the most innovative or inventive people I’ve ever met. One thing is common: ambition, the drive to be successful, to push through tacklers and keep their eyes on the end zone, knowing they will get there, and the passion to keep working on the process.
The most common other characteristics I have seen are commitment and confidence. Confidence is fired by positive feedback, but also by the willingness to ask for feedback, and the strength to know what to do with negative feedback. The lack of stubbornness and closed-mindedness seems to help, too. All have a clear vision and a definitive goal. Most are eager to prove the validity of their product by listening to customers—if customers don’t see value, they don’t buy. Most successful entrepreneurs are willing to listen to other points of view and sort out which ideas fit… Continue reading