- December 28, 2016
- Posted by: Chowdhury Shahid Uz Zaman
- Category: Business
What are the common traits of successful entrepreneurs and what you can learn from their approach to business management? Research by Gallup defines the core elements of good business mentality
Successful entrepreneurs possess the particular talents that allow him to seize the business opportunities flight: people with potential and ready to develop their innate abilities, relating to the next to improve continuously.
How do you identify a good business mentality?
To answer this question we list immediately below the 10 features that according to research by Gallup, prevail in individuals able to embrace a winning business management: specific qualities of the ambitious professional and capable of achieve any goal.
# 1- Previous experience
In general line it can certainly say that, before becoming successful entrepreneurs, you have to do a lot of practice and mature the amount of experience necessary to stand out from the crowd.
Suffice e.g. think of cases of Bill Gates and JK Rowling. The Microsoft founder has become such after spending about a decade in the planning.
The Harry Potter author notes, however, in addition to having started to cultivate the passion of writing at an early age (6 years), has devoted 7 years of life to refine and improve their style, reaching only after the world famous with her famous novel.
# 2- Skills development
For Jeff Haden there is no doubt: the intelligence and skills can be developed over the years through the continuous efforts.
If those who want to get good results in the professional must demonstrate a mindset projected growth, who is convinced of not having enough talent or those who do not invest time and resources in their own person remains mediocre.
# 3- Strong discipline
Ensure that their entrepreneurial mindset can actually lead to success, you must demonstrate every day a high level of discipline in both personal, it is also professionally.
Certainly, the rigor and severity does not necessarily guarantee the achievement of expected results, but it sure helps people to develop to the highest quality such as strength and determination, they can bring great satisfaction in working sphere.
# 4- Perseverance and constancy
If, as mentioned in the previous point, the discipline is used to boost the performance of the individual, in the same way can also be very useful to have a sympathetic character in respect of perseverance.
A good example that perfectly describes this concept, it is certainly the one proposed by Milton Harshey: American pastry chef who, after having left school early and after running unsuccessfully three different candy companies, at the fourth attempt he finally broke through thanks the conception of an innovative recipe that can earned him several million dollars.
You may also like to read another article on Heygom: Start your own business is a challenge? The 10 most common reasons for failure
# 5- Passion
Another essential component of a winning entrepreneurial mentality is represented by the unbridled passion for job.
As we learn from the founder of Alibaba Group Jack Ma (who, despite not having any special technical skill, still managed to create a big business active in the area of electronic commerce), even the simple fact of just being particularly taken by some business idea may be enough to turn the same over the years into a reality so solid and structured, how prosperous and profitable.
# 6- Curiosity
Those who want to embrace a winning business management, then more must demonstrate a strong curiosity towards everything that surrounds it : the desire to know and discover every day something new is needed, as well as to remain constantly informed about their own field of work, also not to be crushed by a more current competitive and competent.
Read up all the time and be more competent than others, certainly it helps to establish itself on the next from a professional perspective.
# 7- Self-motivation
For successful entrepreneurs as for enterprise employees, the good results in the workplace also arrive and especially thanks to the self-motivation : the same self-motivation of knowing that the opportunities do not come from the sky, but must be built day by day with confidence, the spirit of sacrifice and perseverance.
To better understand this argument it must be understood that no one gives anything and that to have luck in business is important only doing its utmost account of their abilities.
# 8- Risk tolerance
The professional with good business mentality is not who bets all their belongings in projects by doubt potential, but is one who, despite having a propensity towards risk, knows how far to go not to stumble in failure catastrophic.
As claimed by the author of Entrepreneurship for the Rest of Us Paul B. Brown, the best entrepreneurs, as well as being by definition rather adverse to the danger, know then also impose limits the right to hold any financial loss.
# 9- Adapt ability
In the proper management, the successful entrepreneur knows how to adapt to market changes, while at the time the company managed the right mix of flexibility and dynamism : If the product sector of belonging proposes more or less frequent changes, you have to devise creative solutions ensure the continued ahead of the competition.
To be specified as sometimes, depending on the circumstances, these solutions can even move towards the closure of a certain activity and the start of a new business: this hypothesis must be considered and embraced, but only if you are missing the most viable alternatives.
# 10- Awareness could fail
The good businessman always manages to stop before it is too late : taking forward projects and unsuccessful companies have the sole effect of causing an unnecessary waste of time and money.
When you realize that a certain company is no longer able to penetrate the market, it is appropriate to abandon the fleet before sinking into bankruptcy, moving toward the various business possibilities.
These 10 common traits of successful entrepreneurs: characteristics essential to be successful at work.