Although we may identify ourselves as strictly introvert or extrovert, it’s seldom that black and white. For most of us, there is some crossover, a kind of “ambiversion”. This is especially true of entrepreneurs who often share certain core characteristics that contribute to their success.
According to the Small Business Association, only 30% of new businesses manage to survive after two years in operation.
So, what’s the secret to entrepreneurial success? Let’s find out!
4 Key Personality Traits of Successful Entrepreneurs
Regardless of whether you’re an introvert or extrovert, these 4 characteristics help drive success in business.
An entrepreneur believes that even if they have not yet reached the pinnacle of success, they are on their way there. Be the eternal optimist. You should have hope, believe in your decisions, and take appropriate action. Even when you suffer a major setback, you should be able to overcome it. When everyone in the company is discouraged after a letdown, you have to bring them together and encourage them to focus on the end goal. After all, failing doesn’t mean that you are a failure. It means you made a mistake. Learning from our missteps only makes us stronger.
Successful entrepreneurs display emotional intelligence. They know how to interact with people using both verbal and non-verbal communication. You should be able to form strong relational connections, avoid emotional minefields, and stay cool under pressure. Instead of acting erratically or irrationally, you maintain focus and build a strong interpersonal network with the community and within your own company.
As an entrepreneur, you have to be prepared for the unknown. You start your business with your vision and plan in mind, but you have to make provisions for the hurdles along the way. You have to be self-reliant. It’s your responsibility to make sure that the business succeeds at all costs. Even though there’s uncertainty at every turn, you have to believe in yourself and stay on task.
Successful entrepreneurs are eager to learn and view failure as a stepping stone to success. You have to commit to lifelong learning. Whether you listen to podcasts, watch the daily news, read industry magazines, or take a few fast-track classes, being a lifelong learner is key to entrepreneurial success.
Whether you’re an introvert, extrovert, or somewhere in between, mastering these traits can help make you a better entrepreneur. Uncertainty is something we face every day, but as long as you have confidence in your abilities, you can overcome any obstacle that comes your way.