top 20 powerful traits of most successful entrepreneurs - guide

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Top 20 Powerful Traits of Most Successful Entrepreneurs How Do you feel as an entrepreneur? made with

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Introduction

About The Author

Passion & Motivation should be imminent

Risk-Taking to your Advantage

Self-belief, Hard work & Disciplined Dedicationtowards work

Adaptability & Flexibility in the process

Understand Your Offering – And Its Marketstandards

Money Management to profitability

Planning (But not Over-planning) in every situation

Networking Abilities

Table of ContentYou will digest 20 things that can help improve yourentrepreneurial skills

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Being Prepared to Take the Exit

Most Entrepreneurs Doubt Themselves – But WithReservations

High level of confidence

Craves learning to keep improving skills

Ability to sell and promote

Vision

Self-belief is key

Rule-breaking to some degree

Dream big

They are results-driven

Independent

Power to accumulate wealth

Conclusion

24. How will you change your business today?

Key PointHow will this knowledge help you improve you life?

You are going to think different.Trust yourself more.Believe that you can succeed.

I have applied all these points in my life and will like to share them with you,so you can physically and mentally succeed in any undertaking life throwsat you.

Divine Tumenta

IntroductionA change in how you think and act can make the difference inyour life as you start or build a company with passion.

Divine Tumenta is an entrepreneur and professional digital marketingexpert who has worked in digital marketing for more than 8 years. He iscurrently founder and CEO of backlinkfy.com and a go to consultant forstartups and small businesses in the USA.

My ExpertiseEntrepreneur & Digital Marketing Expert

SEOPaid SearchSocial MediaWeb DesignPR

Why I wrote this...To help entrepreneurs starting out with new hopes of changing the world.Keep pushing on and know you are doing the right thing.

Every morning when your alarm goes off!

How do you react, do you enjoy getting ready for work?

Do you feel like you are contributing to something every time you seat atyour work desk?

See why I wrote this guide.

About The AuthorIt's important to establish credibility with your reader at an earlystage. Prove to people that they can trust your content.

“Follow your passion, be prepared to work hard and sacrifice,and, above all, don’t let anyone limit your dreams.

— Donovan Bailey

Passion & Motivationshould be imminent

If there's one word that describes the fundamental trait in mostentrepreneurs, it would be passion for what they do.

To really know if you can be an entrepreneur, you should beasking yourself these questions;

Is there something that you can work on over and over again, withoutgetting bored?

Is there something that keeps you awake because you have not finishedit yet or on time?

Is there something that you have built and want to continue to improveupon, again and again every single day?

Is there something (Work) that you enjoy the most and want to continuedoing for the rest of your life?

Your demonstration of passion towards your work andmotivation will determine your success in any entrepreneurial

venture you decide to persuade.

From building and implementing a prototype, to pitching youridea to investors, success is a function of passion, determination

and patience.

“Business is all about risk taking and managing uncertaintiesand turbulence.

— Gautam Adani

Risk-Taking to yourAdvantage

Entrepreneurs are risk takers ready to dive deep into a future ofuncertainty. But not all risk takers are successful entrepreneurs,

that's just how life works. So, here is what differentiates asuccessful entrepreneur from the rest - in terms of risk?

Successful entrepreneurs are willing to risk time and money onunknowns, but they also keep resources, and plans for dealing

with "the unknowns" in reserve. When evaluating risk, asuccessful entrepreneur will ask himself/ herself, is this risk worth

the cost of my career, time and money?

And, what will I do if this venture doesn't pay off in the longterm?

“I believe that if you don’t want to do anything, then sit thereand don’t do it, but don’t expect people to hand you a corn

beef sandwich and wash your socks for you and unzip your flyfor you.

— Shel Silverstein

Self-belief, Hard work &Disciplined Dedication

towards workEntrepreneurs enjoy what they do everyday. They believe in

themselves and are confident and dedicated to their project asan extension of who they are.

Occasionally, they may show stubbornness in their intense focusand faith in their idea(s). But the flip side is their demonstrated

discipline and dedication in making sure everything isstrategically done to bound success.

“The boldness of asking deep questions may requireunforeseen flexibility if we are to accept the answers.

— Brian Greene

Adaptability & Flexibility inthe process

It’s good to be passionate or even stubborn about what you doin life. But being inflexible about client or market needs will lead

to failure in the long term.

Remember, an entrepreneurial venture is not simply about doingwhat you believe is good, but also making a successful business

out of it for your time and investments.

A Market needs are dynamic: changes are a recurringphenomenon. Successful entrepreneurs welcome all suggestionsfor optimization or customization that enhances their offering

and satisfies client and market needs.

A product you develop for yourself alone may qualify as a hobby,but a product for the market should satisfy market needs and

generate revenue for profits or if an NGO funds raised.

“You can’t create a mass market if you don’t have a commonstandard.

— Henry Samueli

Understand Your Offering– And Its Market standards

Entrepreneurs know their product offering in and out as theywork on their products daily. They also know the marketplace

and its dynamics inside and out. Remaining unaware ofchanging market needs, competitor moves and other external

factors can bring even great products to failure.

“No business in the world has ever made more money withpoorer management.

— Bill Terry

Money Management toprofitability

It takes time to get to profitability for any entrepreneurialproject. Until you get there, capital is limited and needs to beutilized with smarts to keep you business moving in a positive

direction.

Successful entrepreneurs realize this mandatory moneymanagement requirement and plan for present and future

financial obligations. Even after securing funding or going fullyoperational, a successful businessman keeps a complete handleon cash flows, as it is the most important aspect of any business

as it grows.

“The biggest competition is myself. I am not looking to followothers or pull them down. I’m planning to test my own

boundaries.

— Rain

Planning (But not Over-planning) in every situationEntrepreneurship is about building a business from scratch whilemanaging limited resources (including time, money and personal

relationships) everyday.

It is a long-term commitment, and attempting to plan as muchas possible at the beginning is a noble impulse to getting there

in the long term. In reality, however, planning for everything andhaving a ready solution for all possible risks may prevent you

from even taking the first step.

Successful entrepreneurs do keep some pain drive in motion, butmore importantly they maintain a mindset and temperament,

capable of dealing with unforeseen possibilities.

Do a feasibility analysis; identify time and capital thresholds;take the deep dive with your limited resources. If your thresholds

are crossed, look for alternatives and be prepared to take thenext exit.

“Networking is an essential part of building wealth.

— Armstrong Williams

Networking AbilitiesHow do you tap your network for solutions? Many people seek

comfort in commiseration: friends, colleagues and neighbors arehappy to complain with you about "the global slowdown,” poor

demand, or unfair competition; but that won't improve thebottom line.

What do successful entrepreneurs do?

They reach out to mentors with more experience and extensivenetworks to seek valuable advice that can help them withgrowth. Having such networking abilities, including more

experienced mentors, is a key characteristics of some successfulentrepreneurs.

“An exit is only a success if you set an exit as your primarygoal. My primary goal was to build a globally influential tool, tobuild something from the ground up that could literally change

how we communicated in business and individually.

— Ryan Holmes

Being Prepared to Take theExit

Not every attempt will result in success but don't beat yourself.The failure rate of entrepreneurial projects is very high (Failing as

an entrepreneur is a learning process in order to succeed).

At times, it is absolutely fine to take the “practical” exit routeand try something new, instead of continuing to make sunk cost

investments in the same project.

Many famous entrepreneurs weren't successful the first, second,third time around. But they had the serenity and foresight to

know when to cut their losses.

“The main thing to know about me is that I’m a champion ofentrepreneurs and the startups they build. They are my rockstars. If in doubt, I side with them, and that’s clear from my

writing.

— Michael Arrington

Most Entrepreneurs DoubtThemselves – But With

ReservationsYou may ask yourself, am I an entrepreneur? And the very

question may put you in doubt about the answer.

Even if you don't have the coverage of Elon Musk, but have thecourage to ask yourself intimidating questions – Can I do this?

Do I want to do this? – you have the intends to be anentrepreneur. Instead of worrying about fitting the image of thean entrepreneur, check in with your gut. Is it on board with your

mind?

“Believe in yourself! Have faith in your abilities! Without ahumble but reasonable confidence in your own powers you

cannot be successful or happy.

— Norman Vincent Peale

High level of confidenceEntrepreneurs that have a high level of confidence are able toget the job done even under the most stressful conditions life

has to offer.

Entrepreneurs understand that big challenges breed big rewards.

This is the same mentality that allows successful entrepreneursto spot an opportunity when most just see a possible challenge

with no solution. When most focus on the challenge, a successfulentrepreneur focuses on the solution and ways to solve this

problem for others.

“Learning how to learn is life’s most important skill.

Craves learning to keepimproving skills

As an entrepreneur, you have to stay sharp, and that requiresconstant learning. Industries constantly change and evolve butonly those that are also growing through constant learning will

stay ahead and succeed. You will always have competitorscombating you to get ahead, so you have to keep the speed.

There will always be someone claiming to be the next greatestthing.

— TonyBuzan

Staying sharp and learning constantly, will enable you to stayahead and avoid getting passed. Read books and wake upearlier in the morning to read industry news to see what's

trending. Do everything you can to constantly learn and absorbnew information.

“The story of the human race is the story of men and womenselling themselves short.

— Abraham Maslow

Ability to sell and promoteIf you watch the TV show Shark Tank then you have certainly

heard Mark Cuban tell entrepreneurs on several occasions that"knowing how to sell is an absolutely essential part of being asuccessful business owner. If you can’t express what it is that

makes your product or service a solution to a problem, you willbe in for a rough ride".

If you, the creator, can’t explain it, then who will? Start askingyourself this question!

“In order to carry a positive action we must develop here apositive vision.

— Dalai Lama

VisionOne of the defining traits of entrepreneurship is the ability to

spot an opportunity and imagine something where othershaven't.

Entrepreneurs have a curiosity that identifies overlooked nichesand puts them at the forefront of innovation and emergingfields. They imagine another world and have the ability to

communicate that vision effectively to investors, customers andstaff.

“Self-belief and hard work will always earn you success.

— Virat Kohli

Self-belief is keySelf-confidence is a key entrepreneurial trait carried by most

successful entrepreneurs. You have to be crazy-sure your productis something the world needs and that you can deliver it toovercome the naysayers, who will always deride what the

majority has yet to validate.

Researchers define this trait as task-specific confidence. It's abelief that turns the risk proposition around--you've conductedenough research and have enough confidence that you can get

the job done that you ameliorate the risk.

“Sometimes breaking the rules is extending the rules.

Rule-breaking to somedegree

Entrepreneurs exist to defy conventional wisdom. A survey in2015 by Ross Levine of the University of California, Berkeley, andYona Rubinstein of the London School of Economics found thatamong incorporated entrepreneurs, a combination of "smarts"and "aggressive, illicit, risk-taking activities" is a characteristic

mix.

— MaryOliver

This often shows up in youth as rebellious behavior, such as pot-smoking. That description would certainly hold true for some of

the most famous entrepreneurs of recent years.

In fact, simply starting a business breaks the rules, as only about13 percent of Americans are engaged in entrepreneurship,

according to a Babson College report. Doing what the majorityisn't doing is the nature of entrepreneurship, which is where the

supply of inner resources comes in.

“Just dream big. Anything is possible.

— Kelita Zupancic

They are possibilities thinker who believe there are possibilities and arenot limited b commonly held boundaries. They look beyond to ask the“what ifs” questions. They look for answers and solutions and aren’t

daunted by challenges. In fact, they relish challenges.

Dream bigSuccessful entrepreneurs have the ability to envision a newreality and the will to bring it to fruition. They have crazy big

dreams, even though to some these dreams may not be realisticor practical. But it is the big dreamers who really succeed.

“It’s not my job to be popular. I’m goal-driven; my job is to getresults.

— Paddy Ashdown

They are results-drivenSuccessful entrepreneurs are passionate about results. They

want their actions to have a direct impact on results. They wantthe job done.

They also have the ability to conceptualize the whole of abusiness; not just its individual parts, but how they relate to eachother. They are individuals who always come up with new ideas.

“True independence and freedom can only exist in doingwhat’s right.

— Brigham Young

IndependentEntrepreneurs love to be in charge and be their own boss. Theywant to be in control. They carve their own path, relying on their

own talents, instincts and skills. They don’t take orders fromanyone and do not need validation from superiors judging themwhether they are worthy of a promotion or capable of handling

more responsibilities.

Entrepreneurs move and make decisions on their own, withoutwaiting for someone to push them. While being in charge can be

daunting at times, the rewards of seeing the results of all thehard work are tremendous.

“Wealth is the ability to fully experience life.

— Henry David Thoreau

Entrepreneurs view starting their own businesses as an opportunity toearn far more than they could ever from working for some other

company. Win, lose or draw, entrepreneurs want to be masters of theirown financial destiny.

Power to accumulatewealth

Entrepreneurs appreciate what money could bring to their lives –and embrace it. They know that financial success can afford

them with opportunity, freedom, and well-being.

ConclusionSuccessful entrepreneurs strongly believe in themselves. In fact,

many of them are supremely confident individuals. However,their strong belief in themselves doesn’t necessarily mean that

they don’t experience self-doubt.

Entrepreneurs do! They experience fear, but instead of runningaway from their fears, they embrace what they fear the most

and just plod on.

Personal qualities and their correct demonstration with the rightstakeholders are the determining factors for success or failure as

an entrepreneur. A realistic self-assessment checklist againstthese suggested guidelines will ensure you take the right steps in

the right direction to succeed in business.

How will youchange your

businesstoday?

See how you can improve yourdigital marketing strategy today!

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