Do You Have What It Takes to Be An Entrepreneur? Find Out

May 25, 2021
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Are you cut out for the crazy, hectic, and yet super fulfilling life of being an entrepreneur? We’ve worked with countless business owners over the years, and thanks to our conferences and digital summits, we spend a lot of time with startup owners, owners of growing companies, even people juggling four or five companies at once. Unfortunately, not every business owner will make it for the long haul, but I’ve definitely noticed seven traits that are common threads among those who do well.

Do these traits sound like you? Read on to find out if you have all of the elements required to be a successful entrepreneur.

1. You’re Curious.

You don’t ever think you know it all, and you’re always learning, experimenting, and hungry for more, no matter how long you’ve been in the business. Your vision and passion inspire others to action and your curiosity keeps your business innovative. 

2. You’re Highly Engaged.

You always know what’s going on with every aspect of your business. When there’s something you should know but don’t understand, you talk to the experts on your team until you get it (whether that’s your manufacturing team, your CFO, your company’s attorney, etc.). 

You’re also actively engaged with your employees. You understand that the success or failure of your business ultimately relies on you.

3. You Have a Big-Picture Vision.

You understand why you’re in business and you’re able to take a step back and see your company for what it is. You understand that entrepreneurs tend to be serial business launchers and you aren’t overly attached to your current projects. 

You also have an end desire in mind, whether that’s where you’d like your business to be in 20 years or when and how you’d like to sell it.

4. You Have an Even Temperament.

You maintain a calm, even-tempered demeanor at work no matter what’s going on. You don’t take out your stress on others or let the urge for control of the call of anxiety get the best of you. You can be relied on to always keep your cool. This trait helps you make clearer and more balanced business decisions. It also sets the tone for a healthy-functioning work environment. 

5. You Have Excellent Negotiation Skills. 

You walk into every negotiation situation knowing what it is you want and what you’re willing to give up to the other side. You work on improving your negotiation skills every time. Negotiating is a huge part of business— from negotiating with vendors to everyday smaller negotiations with the members of your team.

6. You Surround Yourself With Top Talent.

You aren’t threatened by the prospect of not being the smartest person in the room. You know that you don’t know everything and that there’s always more to learn. As such, you make it a point to surround yourself with people who excel in different disciplines and areas of business. This extends to your social groups but also the members of your team and your consultants. 

7. You’re Willing to Work on Any Area of Your Business.

You don’t reserve your efforts for CEO or co-founder activities. You take care of whatever needs taking care of and don’t make a big deal of it. 

About the Author: Syama Meagher is the CEO and founder of Scaling Retail, which has launched brands around the world using a combination of expert advice and creative marketing strategy. We believe in the power of hard work to grow and build your businesses. Discover Scaling Retail at www.ScalingRetail.com.

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This story was originally published on August 25, 2019, and has since been updated.

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