 The 10 traits that define entrepreneurial success. Why do some entrepreneurs succeed in their business while some others don't? Do they have special talents that others do not possess? Perhaps. They are just fortunate. Well, successful entrepreneurs didn't achieve their success by mere luck. No, they developed certain traits and habits which eventually led to self-growth and business development. Albert Einstein once said that try not to become a man of success, rather become a man of value. Being a man of value means equipping yourself with certain skills that will make you successful, both in life and in business. In this video, I'll share with you the 10 traits that define entrepreneurial success. This, I believe, will help you become a successful person. If you're new here, consider subscribing so that you won't miss other interesting videos like this. 1. Passion Passion is the most important trait of a successful entrepreneur. They love what they do and they are willing to put extra hours of work to ensure that they get what they want. It is a pleasure for them to see the results of their labor, which goes well beyond the money received. John Bon Jovi, an American singer-songwriter, record producer, philanthropist, and actor said and I quote, Nothing is as important as passion. No matter what you want to do with your life, be passionate. When you are passionate about your business, you'll push yourself, motivate yourself and your staff until you achieve your dreams and vision for your business. 2. Creativity It takes creativity to identify a problem or a need somewhere and come up with ideas to help solve the problem and new and creative ways to repurpose the items for marketing them to new industries. According to Karen Litzinger, a career coach in Pittsburgh, employers want workers with out-of-the-box ideas. They want employees to be able to not only carry out assignments, but also come up with better ways of doing things. Successful entrepreneurs are creative thinkers, finding pleasant ways to present new products to their customers. 3. Successful entrepreneurs are never greatly impacted by the defeats they encounter. To them, failure is a step in stone. It is an opportunity to learn and get better. Also, rather than creating a plan B alternative, they focus so hard on how to grow and promote their business because they are determined to succeed regardless of the obstacles and challenges that they encounter. Successful entrepreneurs do not believe that something cannot be done because they are not wired to believe that some things are not possible. Tommy LaSorda, a former Major League Baseball pitcher, coach and manager, said the difference between the impossible and the possible lies in a man's determination. 4. Proactiveness Successful entrepreneurs are always on the lookout for new ideas and opportunities that can help them grow their business. Chris Kemper, CEO of Investment Group Palmito, said the successful entrepreneurs keep their eyes and ears open for an opportunity to capitalize on. In other words, they are proactive. They are aware of a change and make it happen before they have to respond to it. 5. Open-mindedness The world keeps evolving with innovations springing forth from different corners. So to be successful, entrepreneurs have to grow and keep an open mind to the changes that take place around them. They also have to be open-minded to serve their customers well. Also, open-minded entrepreneurs understand that each situation and event in a business opportunity and there are new ideas that continually come out regarding new potential businesses – people's skills, efficiency and workflows. So, they can direct the focus of events and happenings around them to us the goals and objectives of their business. 6. Confidence A successful entrepreneur does not doubt his abilities and either do they allow circumstances to affect their self-esteem. They do not ask questions about whether they can succeed or not because they are confident in the knowledge they have. They are confident that what they know can help their business ideas succeed. It is this confidence that exudes in everything they do. 7. Discipline That they work for themselves is not an excuse to lazy around and do things only when they feel like doing them. No, successful entrepreneurs are disciplined and accountable. They focus their energy on making the business work and eliminating the distractions or obstacles to their goals. They are disciplined to always take new steps every day towards the achievement of their goals and objectives. Also, successful entrepreneurs discipline themselves properly so that they don't misuse their business funds. They understand the need to put back money generated by the business into the business so that they can grow their business properly. 8. Self-Starter Successful entrepreneurs know that if something has to be done for the growth of their business, they have to start it themselves. They don't sit around waiting for others to do it or hoping that someone else will take the initiative to do it. They don't wait to get permission from others, instead they go for it. It could be taking big decisions that can help move the company forward or taking calculated risks and the likes. 9. Flexibility Aside from the core values of their companies, successful entrepreneurs make the running of their business flexible enough to change their strategies if need be. Also, they adapt to change easily and solve problems as they arise. They are receptive to other people's needs, opinions and ideas and being open-minded to feedback from your manager. 10. Networking Every successful entrepreneur knows how to network with people and other organizations whether they are in their fields or not. They know how to connect with people genuinely, not for selfish reasons but to help solve a problem and be there for others when they truly need it. They are empathetic beings and this is what entrepreneurship is about, helping people solve a need or problem. Doing this helps improve their relationship with others and this in turn affects their business positively in terms of recommendations, promotion and publicity and of course the likes. Thank you very much for watching our videos. We would like to give you another interesting video for you to enjoy next but before then, our team will be very happy if you can like this video and share it with your friends on social media. 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