Success and excellence are two features which always accompany entrepreneurs; these two traits are none but the fruit of a whole process of serious work and perseverance. In the business field, success can never be attained by following superstitious means, depending on luck or using a magical wand which turns everything into a source for wealth.
When most of the entrepreneurs and business world leaders share major features and characteristics, their traits become the best recipe for success and pioneering in the different fields of work, which definitely vary in the modern life.
The Problematic Search for the Recipe of Success
The one trying to find this recipe might find thousands of articles tackling the subject and hundreds of books; all these written materials pretend to own the magical recipe for success, the one which represent the secret to success and pioneering in the world of business. However, the truth is that only a few of these means would help in this field which aspects vary between stable and changeable; some of these aspects are internal, personal, psychological or individualistic, others are external, environmental, procedural, or legal.
Though there are many aspects which affect success, there are central points which appear as shared characteristics among distinguished entrepreneurs. The most important of these characteristics are the following: Passion, perseverance, positivity, and having the ability to challenge. In the context, which this article is discussing, the most important element to prop is the way to invest these personal traits in a well planned work strategy which enables the person, seeking to be a leader, of winning the title in a just and worthy manner.
Discussing personal traits leads the questioner to the next level of analyses, a level which relates to the very core of finding the special recipe for combining ideas with application because in the field of ideas, everything depends on emotions and enthusiasm while, in the real world, everything depends on perseverance according to Goethe, the famous German writer and philosopher.
If personal traits are supposed to play an important role in directing the individual, in his or her practices and interactions with the different fields of life, entrepreneurs are thus different from other people surrounding them. These people are distinct because they manage to utilize new ideas while developing old ones, then, they represent them in a novel manner and promote them using attractive methods. In addition to this, an entrepreneur owns the ability to handle all life changes, is keen to develop him or herself and seeks to accumulate experiences and to build a wide net of interactive relationships.
Entrepreneurs’ Traits of Leadership
The passage above leads us to a certain conclusion, one based on life happenings and experience; this conclusion tells us that the success of an entrepreneur might not depend on perseverance, patience and hard work only; it might not also be achieved by a limited dependence on utilizing the experience derived from the surrounding or the field of specialization. To achieve success in entrepreneurship, the individual must acquire a number of features and characteristics during his practical journey, which at the end looks like an adventure through which he or she aims to construct an identity and to achieve wealth.
The distinguished entrepreneur has leadership traits that enable him or her to manage the targeted entrepreneurial project successfully; he or she also has the knowledge of the best manner to deal with a staff of workers, the ability to motivate and encourage them to express their opinions freely even if they contradict his or her own personal opinion. The successful entrepreneur knows that difference does not spoil friendliness and that it is necessary for enriching discussions and for generating distinct ideas and creative solutions for varying problems.
The successful entrepreneur must also have the following qualities: the ability to listen, easiness, the capability to avoid negative criticism and the willingness to provide needed support for overcoming urgent problems and mistakes. In addition to this, the entrepreneur should be caring, should cultivate the ability to develop personal relationships with the team, individually and collectively, and the ability to support them in adversities and in the times of crises. Finally, he or she, as entrepreneurs, should share their happy occasions with the team to gain their loyalty, on a human level, and effort, on a practical level.
These leadership qualities are not innate only. A successful entrepreneur must first develop his leadership skills on a permanent basis, using the weapons of knowledge and training, as well as patience and focus on achieving his or her goals. His or her goals should be achieved one at a time with courage and calmly, away from irrational speed or boredom so they would not turn into a mirage.
In correspondence with the human nature and its just requirements, the entrepreneur sometimes has to delegate some of his or her responsibilities to be a wise leader. He or she must not hold on to executive tasks or authority and should be keen on empowering the ties connecting the team in a manner which helps the establishment to achieve its anticipated objectives, both efficiently and effectively.
Entrepreneurs’ Personal Characteristics
On the personal and the humanitarian level, an outstanding entrepreneur has to own several features. These traits enable him or her to achieve the maximum success in the practical life and to accomplish his or her entrepreneurial project in the best possible way. The most important of these traits are the love of competition, enthusiasm, cohesion, sensible leadership, objectivity, confidence, insightful intuition, insightful vision and the urge to begin.
The love of competition creates a great motivation and a desire to succeed and achieve goals in a timely manner. As for balanced enthusiasm, this trait holds in its context vitality, optimism, and openness to change in a constructive framework of balance which leads to a rational impulse for action. Cohesion is reflected in the ability to make decisions, overcome obstacles, distinct and powerful thinking and resolution.
Responsible leadership also drives its owner to strive to get management skills and increases his or her ability to make the right decisions, especially in times of crisis. As for the sense of responsibility and discipline, these tow traits belong to the behavioral context and the ability to manage responsibilities; they also lead their owner to stop blaming circumstances for failure and enable him or her to stay systematic and calm.
The above mentioned traits stress the fact that their owners need to have the ability of enduring stress through being capable of overcoming the overwhelming pressure and then psychological maturity to deal with all the obstacles which might face entrepreneurs. These traits must be available in a framework of balance and objectivity for outstanding business leaders are practical, logical and specific who tend to reduce their emotional attachment and are not embarrassed to receive criticism.
Self-confidence helps entrepreneurs to go on in their work because they do not need the acceptance of their surroundings, and previous obstacles or mistakes never affect them. In addition to the ability to stay focused during the day’s activities, they also have a great energy no matter how long the work hours are or the travels especially when the establishment is still in the stage of gradual growth.
Their confidence is reinforced with keen intuition. Many successful entrepreneurs tend to rely on their intuition, do trust in their own sense of decision-making, and do not necessarily have to know everything. Having personal attractiveness, business entrepreneurs are often charisma owners with the ability to inspire strong emotions and responsiveness in their employees, and thus the ability to motivate them to work harder and produce.
To be intuitive, entrepreneurs often have insight, which is the starting point for each new project. A successful entrepreneur has a long-term dream. This dream is the driving force of the project to succeed, and it will not work without the entrepreneurs’ sense of initiation and efficiency which gets shaped through formulating a certain set of goals and making a plan to achieve them effectively.
A successful entrepreneur should also be smart, which plays a crucial role in the decision-making process that is not only based on facts or information, but also on the basic elements of entrepreneurial experience sometimes and on occasional feelings on other times with owning the following two motivating factors: the need to achieve and the need to be independent.
If risk tolerance is considered as an adjective which describes adventurous entrepreneurs who love to live the risk and to challenge the unknown, the practical truth proves that they can only bear with calculated risks because what seems to others as a high risk investment may seem to entrepreneurs as the least risky alternative.
Finally, success in entrepreneurship does not come out of the nowhere and cannot be achieved by chance, but it grows and develops in accordance with specific steps preceded by certain introductory procedures, enveloped by motivated ambition, wise leadership and the ability to learn from mistakes, with a keen desire to avoid life’s pitfalls. These words should be an operational guide for those who have the will to take the path of entrepreneurship.