3 Key Characteristics Of Successful Entrepreneur

We’ve all heard of them, the powerful figures who, from year to year, trade places on the ‘world’s richest’ lists. They comprise of risk-takers and highly influential magnates. Perhaps international business leaders like Sir Richard Branson, Rupert Murdoch and Bill Gates are all like minded, but specialise in their own fields. So what is it that makes these entrepreneurs so successful?

Granted, each entrepreneur has hiked their own journey to the top in a way different to all others, however, according to Forbes Magazine, there are common characteristics between the world’s most wealthy that have aided in their success.

1. They are more excited about the journey than the pay out.

Successful people have reached the top with the unwavering ability to ignore get rich quick schemes. Across the board, our primary corporate leaders appear to be more focused on building sustainable careers for themselves through hard work, risk taking and creativity. They enjoy the journey, including the obstacles, because they are generally doing something that has meaning in their own lives.

As a prime example, Apple Founder Steve Jobs had an early passion for electronics and throughout his career, was adamant about making the wonders of computing available to the average person. What drives our desire to join the billionaire list is often the idea of the billionaire status and not the resultant consequence of ones journey to the said list. Perhaps we set ourselves up to fail by aspiring towards the result of someone else’s journey.

It is evidently important to note that the financial achievements we dream to fulfil are not the final goal but merely a side effect for the worlds leading entrepreneurs. This is indeed the winning strategy for most of the businesses. 

2. They set real goals that they can accomplish.

Successful people wake up with their day already planned. While unsuccessful people are scrambling to figure out what they need to do next. By and large, our driven innovators goals are highly focused, monstrous, yet obtainable and are aligned to their personal strengths.

To play a winning game, the successful business person will only play in favourable match conditions. They know what they are capable of and will invest all of their efforts in it. While their friends are sleeping, they are working. While their families are on holidays, they are aiming higher than ever before.

3. They take accountability for themselves and their actions.

They aren’t relying on other people in order to get the job done. Instead, they are looking inwards and are trying to find the solutions, while leveraging their current assets. Sir Richard Branson, founder of the Virgin Airline Corporation, reiterates the importance of the employees in his company. He has even dubbed them, the company’s ‘greatest assets’.

Furthermore, if they make a mistake, they own up to it and immediately think of ways that they can improve next time, not making the same mistake twice. They too are learning while working and often accept the fact that reward is the fruit of risk, by which one must chance failure.

Whilst these characteristics are commonly seen in the world’s pioneering front runners, there is no guarantee that by possessing these traits, one will be able to join the world’s high flyers. However, where there is a will, there is most certainly is a way. With the right mindset and good fortune, the next self-made millionaire or even better, billionaire, may rise into the top 100.

Likely, they too will be driven by the journey itself, achieve set goals and hold themselves accountable for their actions. These tried and tested secrets to success await further proof, good luck.