Entrepreneur’s Share These 5 Traits

“If I have seen further than others, it is by standing upon the shoulders of giants.” – Isaac Newton

Goalcast offers people inspiring quotes, stories, advice, and terrific motivation. According to their recent article on entrepreneurs, they share five traits: self-confidence, passion, tolerance of uncertainty, a sense of control, and tenacity and persistence.

Read further along to see why these traits are shared by successful people, and see how you can ultimately reach your goals by adopting these traits.

  1. Self-Confidence
Let’s start with the first trait – self-confidence. Although this is self-explanatory let’s get some insight from professionals to understand how it helped them achieve their goals, and why.

Per the author of Wake Up and Live, Dorothea Brande, for a person to achieve success, he or she must believe that it is impossible to fail. This is a very vital ingredient to many successful entrepreneurs because they will be sure in their ideals, business, or products.

The founder of FragranceNet.com, Jason Apfel, says that he believes “self-confidence (is) the most important determinant of his success.”

Although he strongly believes in self-confidence, he strongly suggests that “you should still take calculated risks.” According to Goalcast.com, “the company has been able to outlast bigger funded rivals and now earns more than $145 million in annual sales.”

  1. Passion
Another fundamental trait in entrepreneurs is of course, passion. It is enthusiasm that gave many successful people such as Walt Disney, Steve Jobs, Bill Gates, Stan Lee, and so many others the drive and motivation to work tirelessly only on their craft which in turn created their legacies!

Passion is the element of success that will keep you going. The motivation that will keep you up late at night, keep you from getting bored. Passion is the most important essence that will help you improve upon your idea, business, or product… again and again.

  1. Tolerance of Uncertainty
According to Goalcast.com, “Jill Blashack, the CEO and founder of Tastefully Simple and the author of Simply Shine: Stories That Stirred the Fire, Inc., said that the calls from her bank to pay overdue loans instilled fear in her heart. After her husband died, she said that she thought about closing the business, and getting a job.”

To some, that seems like a fair reason to quit, but someone who has tolerance of uncertainty is okay with working with their fear and using it to push even harder towards their success.

It’s not an easy feat for anyone, but a successful person works through their mental barriers and fights through that battleground to reach their goals. Because of Jill Blashack pushing through her struggles, she now owns a business that acquires “more than 98 million in sales every year.”

  1. A Sense of Control
A sense of control lets the entrepreneur know that their actions ultimately create the outcome of their situation and success.

Steve Jobs is a great example of this trait – he knew that if he did not create something that wasn’t new, exciting, and ultimately better than anything else in that market, his company would not succeed. That’s where the iPod comes into play.

Steve Jobs created a company that produces products that people all over the world enjoy, making Apple “the biggest company in the world with a market cap of more than $500 billion,” according to Goalcast.com.

  1. Tenacity and Persistence
According to Mike Colwell, owner of Plains Angels, “said that tenacity (and persistence) is the number one trait he sees in successful entrepreneurs.”

In order to achieve your true potential, you must overcome a plethora of obstacles that will in fact deter you from accomplishing your goals. Tenacity and persistence come hand in hand with determination and commitment as well.

You should not fear starting over, as running a business from scratch takes a lot of trial and error to achieve the greatness your company has the potential of earning. Thomas Edison once said, “I have not failed. I’ve just found 1,000 ways that won’t work."