The 6 Personality Traits All Entrepreneurs Must Have | Build a Business, Not a Job Podcast

Are you an entrepreneur? A business owner? Planning to get into business?

And if you’re a property investor, you really should treat it as a business. 

Today we’re going to discuss what Mark Creedon has learned as a business coach about what separates very successful entrepreneurs from people who call themselves entrepreneurs, but really aren’t.

The 6 Entrepreneurial Personality Traits

1. Self-Motivation

One of the most important traits of entrepreneurs is self-motivation. 

When you want to succeed, you need to be able to push yourself. 

Entrepreneurs know how to communicate their dream and inspire others to join them on their journey to achieving it.

2. Optimism

When you’re just starting out, it can seem like getting your business off the ground will never happen. But entrepreneurs don’t think like that. They are optimistic about the future and are always looking ahead.

To be a successful entrepreneur, you must be goal-oriented. But it’s not enough to just set goals. You must make a plan and do everything you can to reach those goals. Everything you do must have a purpose.

3. Take Risks

Successful entrepreneurs know that sometimes it’s important to take risks. 

Playing it safe almost never leads to success as a business owner. It’s not about taking just any risk, though. Understanding calculated risks that are more likely to pay off is an important part of being an entrepreneur. 

You’ll need to be willing to take a few risks to succeed.

If you’re afraid to take the leap, you’ll never get anywhere. Staying complacent will never allow you to achieve greatness. Entrepreneurs don’t let uncertainty and potential failure stop them from doing what needs to be done. Instead, entrepreneurs look at challenges and risks as opportunities, not as problems.

4. Basic Money Management Skills and Knowledge

We often think of successful entrepreneurs as “big picture” people who don’t worry so much about managing the day-to-day. 

And it’s true that you might have an accountant or other team members to help you manage the business. 

However, if you want to be successful, you should still have basic money management skills and knowledge. Understand how money works so that you know where you stand, and so that you run your business on sound principles.

5. Flexibility

To a certain degree, you need to be flexible as an entrepreneur. 

Be willing to change as needed. Stay on top of your industry and be ready to adopt changes in processes and product as they are needed. Sometimes, you also need flexibility in your thinking. This is an essential part of problem-solving. You want to be able to find unique and effective solutions to issues.

6. Passion

Finally, successful entrepreneurs are passionate. 

Entrepreneurs aren’t in it for the money. While that may be an added bonus, the true benefit is doing what they love. 

Building a business takes a lot of time and effort. It means putting in longer hours and doing extra work. If you don’t love what you do, you're not going to want to do what it takes to achieve success.

Links and Resources: 

Metropole’s Business Accelerator Mastermind

Mark Creedon – Business Coach to some of Australia’s leading entrepreneurs

Go here for the full show notes plus more: The 6 Personality Traits All Entrepreneurs Must Have | Build a Business, Not a Job Podcast

Some of our favourite quotes from the show: 

“Not everyone is built to be an entrepreneur. Not everyone is built to be a businessperson. And that’s good! Because we do need employees.” – Michael Yardney

“We don’t want our spinal surgeon to take risks and try something new on us.” – Michael Yardney

“Being a professional, whatever profession you’re in, is hard because the world is continuously changing. So, unless you’ve got the passion, you’re not going to get through the challenges.” – Michael Yardney 

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