If you’re contemplating entrepreneurial activity, you should first identify which of the above motivators serve as your guiding force. Then, consider if you have the specific character traits and attributes that will enable you to thrive as an entrepreneur.
To help you determine if you’ve got what it takes, here’s what 25 company founders and business leaders told Business News Daily about what they think makes a truly successful entrepreneur.
“Entrepreneurship is at the core of the American dream. It’s about blazing new trails, about believing in yourself, your mission, and inspiring others to join you in the journey. What sets [entrepreeurs] apart is the will, courage and sometimes recklessness to actually do it.” – Derek Hutson, president and CEO of Datical
“Entrepreneurship is a pursuit of a solution, a single relentless focus on solving a problem or doing something drastically different from the way it is done today. [It’s] aiming to do something better than it’s ever been done before and constantly chasing improvement.” – Blake Hutchinson, CEO and small business expert at Flippa
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“Entrepreneurship is … the constant hunger for making things better and the idea that you are never satisfied with how things are.” – Debbie Roxarzade, founder and CEO of Rachel’s Kitchen
“At its core, [entrepreneurship] is a mindset – a way of thinking and acting. It is about imagining new ways to solve problems and create value. Fundamentally, entrepreneurship is about … the ability to recognize [and] methodically analyze [an] opportunity and, ultimately, to capture [its] value.” – Bruce Bachenheimer, clinical professor of management and executive director of the Entrepreneurship Lab at Pace University
“The most successful entrepreneurs are the ones who possess grit. Grit is made up of persistence, passion and resilience. It’s the passion to achieve long-term goals, the courage to try again in the face of rejection, and the will to do something better than it has been done before. The most successful entrepreneurs tend to be gritty ones … they do not give up until they exceed their goals. When the going gets tough and they get knocked down, gritty entrepreneurs bounce right back up and try again.” –Deborah Sweeney, CEO of MyCorporation