“Success does not lie in “results,” but in “efforts,” “being” the best is not so important, “doing” the best is all that matters…” –Author Unknown
Success does not happen overnight. It requires constant dedication, hard work, a commitment to excellence and persistence in order to achieve. The road to accomplishing it is riddled and fraught with many failures and trials, but this should not deter you. If anything, this should make perseverance for chasing success and drive for excellence even stronger. You might have seen a lot of established, well-revered and accomplished entrepreneurs today and have wondered how they managed all that, but they would all tell you the same thing: Nothing was ever handed to them, they consistently worked hard every single day for it.
Moreover, they seemingly possess character traits that would make them more likely to succeed than other individuals. These qualities would help them focus on the goal and achieve it. From big construction magnates such as Alice Eduardo to shopping mall moguls like the Ayalas, here are some of the characteristic traits most successful entrepreneurs possess:
1.) Full of determination
If you wish to become a successful entrepreneur, it does not just take a long-term goal; you have to set particular and clear everyday goals that would help you realize and accomplish your primary goal for success. After all, your business dealings every day would involve a series of tasks from increasing sales to hiring new employees. In this regard, you should be determined enough to execute this micro-goals successfully. For some, undertaking these little tasks might seem arduous and tedious. As a consequence, those who do not possess enough determination would be discouraged from pursuing the entrepreneurial path. However, successful entrepreneurs would not only possess a certain degree of commitment only in the initial stages but maintain the same level of unwavering determination through every step of the process.
2.) Risk Takers
Successful entrepreneurs are not afraid to take major risks, and if you wish to be one, you should not as well. Taking major risks would pay off astronomically if they are well calculated and are if executed well. Unfortunately, some individuals would be put off by the word “risk” by associating it with a pecuniary loss. However, any business venture comes with a set of financial risks. Not all of them would pay off, so in this regard, it is important to weigh your options and be meticulous in choosing which risks you want to take. After all, if you played safe all the time, you would never see your business take off from the ground.
Established and successful entrepreneurs would already have a team of colleagues and staff to provide services and make the daily operations run smoother. However, if you are just starting out, you would mostly have to rely on yourself in ensuring that everything is up to speed. You have to be on your own for a while which would mean you would have to adapt to a myriad of different roles such as that of a bookkeeper, secretary, PR manager and the like. Although it sounds potentially stressful, as you do not have the luxury of delegating these tasks from the get-go, you have to be flexible and would need to be mentally prepared for it from the very beginning.
Entrepreneurs do not have room for indecisions or procrastination. These two traits can cause you to potentially miss out on important deals, stall operations and might make you lose opportunities that could have been pivoted towards success. When it comes to launching a business, time is of the essence, and you do not have the luxury of mulling things over. You need to make decisions and seize every available opportunity presented to you.