Success as an entrepreneur requires developing specific characteristics that allow you to focus on your goals and challenges to reach your vision. By developing these ten traits of successful entrepreneurs, you will have the tools to achieve your goals and experience success.
Regardless of the vision or courage it took to step in, determination is critical to success because it allows you to finish the process. It takes the drive to dive into what needs to be done and keep pushing forward. Perseverance and tenacity are vital because you must stay the course when obstacles happen along the way.
One of the most powerful motivators for success is the fiery passion that burns inside you. Passion is essential because it comes from your heart and gives you a reason to get up every morning and realize your goals. Entrepreneurs without passion and purpose rarely experience success because it fuels everything.
Discipline and Focus
Discipline and focus go hand in hand because they allow you to follow through with your actions. Often, people always ask me how I manage to get everything accomplished. How did I not give up when so many devastating things happened to me? The answer is straightforward. I was laser-focused on what I wanted to do and refused to let myself wallow in my misfortune. Before I sold my business to Bill Gates, I trudged through ten challenging years and found myself in over $135,000 of debt. The only way to succeed is to discipline your thoughts and habits. Stop avoiding the things you know you need to do. It is that simple. Now is the time to embrace action.
Curiosity is the difference between shooting down ideas you have preconceived notions about versus approaching an idea with a “tell me more about that” attitude. Because we are wired to like to listen to people and ideas that we already believe in, it can result in losing out on valuable information because we never even consider alternatives. The entire idea of being an entrepreneur, a business owner, or a founder is for you to allow new ideas and concepts to come in and approach them with curiosity so you can learn more and reach more people. Curiosity shapes your perception, from good or bad, to an appreciation for the process.
Having the right mindset is vital to success because it allows you to focus on your goals and challenges and continue to push through. To succeed as an entrepreneur, this is the number one attribute you must possess; you must believe that you can and will succeed.
Detachment is the skill that allows you to embrace the reality that everything is not really about you. Yes, your name is on it; your money is in it; your name is on the door; you came up with the idea – but you have to have a healthy distance of detachment, which is why it is vital to design systems that make your business broader than just you. When it becomes a system, you can begin to speak about what you do as a third-party entity — It’s no longer me, me, me, but rather a business that is larger than just you.
Strategy is the plan that helps you reach a specific goal. When you develop strategic thinking, you can determine the steps you need to take to achieve your goals. Thinking strategically is essential to your success because it allows you to break your plan into specific action steps that will lead you to success. Don’t be afraid of strategy – it leads to results.
Reframing is a concept that very few people discuss, yet it can impact success more than any other concept. It is the ability to walk into any situation, especially the negative ones, and find a way to turn it into a positive. People with a reframing mindset consider the problems and the challenges and see the potential for greatness in the situation with a “wouldn’t it be great if…” response to obstacles, which is critical to success.
Failure is inevitable and, rather than being feared, should be embraced as a growth opportunity to help you reach your goals even faster. When we realize that the quicker we fail, the more likely we are to experience success, the fear of failure can be dispelled and viewed from a growth perspective. When you shift your mindset this way, failure becomes a roadmap that guides the paths you should and should not take. The faster you fail, the more prominent the correct way becomes.
Courage is the audacity to never give up. When you encounter inevitable setbacks, courage gives you the strength to push through your fear. Courage does not mean you don’t feel fear; it means you recognize it and do it anyway. The trick to overriding your old programming is acknowledging the fear and doing it anyway.
At the Growth Architect, we want to help you break through with the tools you need to succeed in your business. If you want to hear more about developing the mindset and tools needed to find success as an entrepreneur, then watch my video
Beate Chelette is The Growth Architect & Founder of The Women’s Code, a training company specialized in providing companies an ROI on Balanced Leadership. She has been named one of 50 must-follow women entrepreneurs by the Huffington Post. A first-generation immigrant who found herself $135,000 in debt as a single parent, she bootstrapped her passion for photography into a highly successful global business and eventually sold it to Bill Gates in a multimillion-dollar deal.
Beate works with business leaders and supports organizations by developing and providing training the training, tools, and expertise to create and maintain a balanced, equal, and inclusive work environment that fosters creativity, employee engagement, and corporate growth.
Recent clients include Merck, Women’s Legislative Caucus of California, Cal State University Dominguez Hills, Small Business Development Centers (SBDC), NFTE, CreativeLive, the Association of Corporate Growth, and TracyLocke.
Beate is the author of the #1 International Amazon Bestseller “Happy Woman Happy World – How to Go From Overwhelmed to Awesome” a book that corporate trainer and best-selling author Brian Tracy calls “a handbook for every woman who wants health, success and a fulfilling career.
To book Beate to speak or train please connect here. Your Time Is Valuable!