What makes an entrepreneur stand out from the average crowd? Do they have special superpowers or perhaps an unworldly amount of luck? Today, we’ll look into the genius traits of an entrepreneur to find out how they succeed in business.
The competition is stiffer in today’s modern trade. With the advancement of technology comes more opportunities to pursue entrepreneurship. However, the actual act of starting a business and making it succeed has not become easier. Even if you’ve got all the resources prepared, nothing can truly prepare you for the challenges of being an entrepreneur.
With that said, there are things you can learn from the people who have successfully navigated the entrepreneurial path. But before that, let’s first understand the concept of entrepreneurship and what is expected of a startup founder.
What is an Entrepreneur?
The word “entrepreneur” often conjures images of big business moguls like Jeff Bezos, Bill Gates, and Mark Zuckerberg. These are everyday millionaires who’ve built their fortune through each of their businesses. In fact, their names are almost synonymous with their brand. As Facebook is to Zuckerberg, Gates is to Microsoft, and Bezos is to Amazon; they’ve created their legacies through the empires they’ve built in the industry.
But what makes these entrepreneurs successful? Did they follow a certain formula?
The reality is, every entrepreneur’s story is different. Some stories were built on an incredible amount of passion and hard work, while some were accomplished by a stroke of luck. There’s no real pattern to becoming a successful entrepreneur. But there are certain qualities and practices they share in common.
The Genius Traits of an Entrepreneur
If you want to become a successful founder, you need to have the proper attitude. Here’s a list of the common traits they share:
One of the most significant traits of an entrepreneur is the willingness to go the extra mile for the job. In order to make a business succeed, you’d have to make sacrifices and invest a big chunk of personal resources. On top of that, entrepreneurs have to commit a lot of hours in the business, especially if it’s a startup. Overall, there are a lot of risks involved that could lead to failure.
Hence, one quality a business owner must possess is passion. An entrepreneur must have a reason for all the work. Without passion driving you, you’ll easily get discouraged and most likely quit halfway.
Along with the right drive is the right attitude. Tom Stanley wrote in his book The Millionaire Mind, that first-generation deca-millionaires considered integrity as the most valuable trait. The way you work with your vendors, investors, and clients will say a lot about you as a business owner. The most successful entrepreneurs are honest with their transactions and their decisions reflect ethical standards. There’s no cheating your way to the top.
3. Social skills
Entrepreneurship requires one to be sociable. An entrepreneur should have the ability to intentionally build business connections. After all, a business caters to people. A great founder knows how to build rapport with investors, clients, and customers. The larger your network is, the more likely you can expand your business.
4. Gratitude and humility
A humble disposition generally makes a person more likable. For an entrepreneur, this behavior makes or breaks the prospects. People who keep themselves grounded are more likely to establish healthy and genuine relationships. Hence, the people you connect with are more likely to help you when you treat them well.
The most influential entrepreneurs are inventors and innovators. They’ve either introduced a completely new product or a whole new way of using it. Thinking outside the box is one of the most distinctive traits of an entrepreneur. Being able to see the world differently allows for a lot of creative ideas to flow.
How to Develop your Entrepreneurial Skills
1. Seek personal development
Genius entrepreneurs are always seeking to improve themselves. They develop certain habits and personal growth strategies. Whether it’s getting a skill certification, reading books, attending seminars, or training under a mentor; the goal is self-improvement. If you want to be an effective leader, you have to be knowledgeable, wise, and experienced. The more progress you make in yourself, the more it will translate into a profitable business.
2. Be teachable
Genius entrepreneurs are willing to learn and ask for help. They don’t take on everything by themselves. Asking for help and advice from other entrepreneurs, mentors, or even friends will benefit you in the long run. You aren’t infallible. There will be days that you won’t achieve the goals you set, or you may not find the energy and motivation to move forward. Hence, learn to ask for help when you need it.
3. Take accountability
The most fulfilling part about running a business is you get to reap what you sow. You celebrate all the small victories and gains in your company. As a founder, you get that triumphant feeling after all the hard work. However, you also get the bulk of pain and consequences of bad decisions. Learning to take accountability for your actions and decisions is crucial. This will prepare you when things inevitably go awry.
4. Practice self-awareness
Self-awareness is knowing what your strengths and weaknesses are. And more importantly, knowing how to handle them. You have to learn how to handle constructive criticism gracefully. Knowing your lapses will help you become more mindful of the bad habits and the things you have to improve. Likewise, knowing your strength will help you magnify them.
Start your Entrepreneurship Journey with Full Scale
Entrepreneurship is not easy. It can be overwhelming to take on so much pressure and responsibilities. That’s why it’s important to ask for help when you need it.
At Full Scale, we specialize in helping business owners grow their companies. We’re with you in every aspect of your entrepreneurial journey. We provide a wide range of startup services to scale your operations.
Whether you need to conduct a marketing campaign or create a website, we have the skills you need! To assist you with your marketing strategy, we have a team of talented graphic designers, content writers, and project managers. In addition, we have seasoned software engineers and tech specialists on staff to assist you with the development of your website or application. You won’t have to worry about finding the experts to work on your project. Want to work with us? Get your FREE consultation today!