5 Traits of Successful Entrepreneurs

5 Traits of Successful Entrepreneurs

I read a lot of articles about entrepreneurs and their successes and failures. One of my favorite TV shows is “Shark Tank”. I have always been intrigued by entrepreneurs. I read an article this week about the hidden traits of the successful entrepreneur. These 5 traits that separate the successful entrepreneurs from the “want-a-preneur”. These 5 traits are useful to know when dealing with a venture capitalist or loan institution or even “crowd funding” your business. I hope you find them as interesting as I did.


  • Sincerity Being a sincere person is crucially important with success. Just to be grateful for what you have and what you learn from others. Sincerity is terribly hard to fake. Start by treating the person holding the door for you the same as the CEO of your best client company. Never assume people are not watching you and judging you at all times. Be sincerely grateful in life. 


  • Charisma Being charismatic is natural for some but it can be achieved with a lot of practice. It is that swagger when you walk in the room. It is thinking fast on your feet, reading the room, knowing your audience. Charisma is being liked and memorable even in a crowded room. You need to possess a pleasing personality to be charismatic.


  • Passionate Being passionate cannot be faked. If you are passionate about your product, business or life it comes through loud and clear. No one wants to invest or do business with the entrepreneur that lacks passion. The entrepreneur must literally eat, drink and sleep their business. It is the key ingredient that drives them. Without passion failure will always loom. 


  • Humility Being humble can come tough for the successful, passionate entrepreneur. This is a learned skill that takes some thought. When things are going very well for you and your business, it is harder to be humble than when you are just starting out. Humility is another virtue that comes across with your charisma which can be a fine line to walk for some. 


  • Ambitious Being ambitious, to me, goes without saying for the entrepreneur. The ambition drives the entrepreneur from the idea to action to accomplishment and reality. Without being ambitious you are just another dreamer with a good idea and a wish. In other words, you could be bought for a dime a dozen. The ambitious entrepreneur is special and unique. 


I hope this list makes you stop and think as it did me. The 5 traits have to stay in our minds to achieve success and certainly to maintain it. Which trait do you need to work on the most?

Everyone has an idea, but it’s taking those first steps toward turning that idea into a reality that are always the toughest.” — Daymond John

Image by nuchylee images at www.freedigitalphotos.net


Tim Wilhoit is owner/principal of Your Friend 4 Life Insurance Agency in Nashville, TN. He is a family man, father of 3, entrepreneur, insurance agent, life insurance broker, salesman, sales trainer, recruiter, public speaker, blogger, author and team leader with over 28 years of experience in sales and marketing in the insurance and beverage industries.

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