Top 5 Qualities of Successful Entrepreneurs

Whether launching a tech startup or building a brick and mortar store, entrepreneurs often share similar qualities that contribute to their success. A combination of passion, commitment, and innovation are needed to take the sometimes-scary step toward working for yourself—and these are traits that I’ve seen in entrepreneurs time and time again. If you’re considering venturing into the world of entrepreneurship, here are five qualities you’ll need to succeed.

  1. Confidence. Entrepreneurs are doers. They have an idea that they believe in, and they do everything they can to make it happen. This doesn’t work without confidence. It’s the quality that takes a good idea and turns it into reality. It’s the key difference between people who talk about changing their lives and people who actually do it. Keeping a healthy attitude of confidence in your abilities throughout your career will help you keep growing. Luckily, your confidence will naturally grow the longer you’ve been working in your field—just make sure it doesn’t take too much of a hit if you ever hit a dry spell.
  2. Innovation. Entrepreneurs are always looking to the horizon to figure out what’s next. How can they be better than their competitors? Better yet, how can they be better themselves? That question may be the thing that sets someone off on their entrepreneurial journey, while maintaining that quality is what keeps them moving forward. Never stop asking yourself how you can innovate and improve.
  3. Accountability. Successful entrepreneurs often fly solo—which means they don’t hold anyone else accountable for any roadblocks they might hit. They know they’re fully responsible for their own success, which means they’re not about to blame people or events from their past for their current challenges. That’s the key to getting over those challenges and moving forward. By taking responsibility for your own actions—and not blaming anyone else—you can deal with anything that’s standing in your way, and continue on your path toward success.
  4. Commitment. Entrepreneurs, especially those just starting out, aren’t afraid to put some serious hours into their work. They know what has to be done to succeed, and they do it, no matter how long it takes or how hard it is. They’re committed. Many people know what needs to be done to succeed, but they don’t want to do it, or they don’t want to do it consistently. True, lasting commitment to your career is a crucial part of reaching your goals.
  5. Passion. Entrepreneurs tend to be passionate about the work they do. It’s what gives them the energy and enthusiasm to put in those long hours. It’s what keeps them plugging away when the going gets tough. Deep down, they love what they’re doing, and they believe in it. Are you passionate about your work? If not, it may just be time to reassess your career. Or maybe, you just need to dig a little deeper to rediscover a passion that you’ve lost sight of.