Qualities of a Successful Entrepreneur

TOP 3 BEST QUALITIES OF A SUCCESSFUL ENTREPRENEURS

1. PASSION
When you have the passion everything else will follow. Passion is one of the best
qualities of a successful entrepreneur. A passionate successful entrepreneur can take a
rest but doesn’t stop in order to achieve something. Doing things without passion is
nothing and pointless. That is why passion is something that can be found inside. It is a
fire of successful entrepreneurs. Passion is very integral to the successful
entrepreneurs because it keeps the business going in the long run. Passion enables a
successful entrepreneur to establish vision, mission, messaging, content, mindset, and
energy which had been attracted customers and loyal partners. Successful
entrepreneurs tuned their passion to help them with their branding, storytelling,
copywriting, and everything else that represents them and their business. Passion is
what draws the right people to learn from successful entrepreneurs. It is what makes
them likeable, relatable, interesting and goal-driven. Passion is something that you do
or work with love and positive hope. Successful entrepreneurs that are passionate are
optimistic that something good may happen in the future. They attract good vibes in
order for their business to be successful and the word "STOP" & "FAILURE" is not on
their vocabulary.

2. STRONG WORK ETHIC

A strong work ethic supports the business owner-employee relationship and also builds
confidence that an employee who works hard will be rewarded accordingly. Successful
entrepreneurs with strong work ethic know how to support or encourage employees.
They help people to grow and they provide feedback in a helpful and a professional
manner and they are expected to do a critical evaluation and the ones who makes
constructive suggestions to improve employees’ performance. They are open for advice
and when someone or some employees ask for advice, they are willing to share based
on their experiences as a person and as someone who knows how to define and fix
problems, that what makes them ethical. Successful entrepreneurs weigh things
properly before making a decision to avoid chaos and trouble. They create a culture that
support ethical behavior and responds to improper behavior through sanctions that are
consistently applied. They have the integrity to the business as well as to their
employees and business partners and also they are the ones who can trust with full of
pure honesty and transparency.
3. COMPETITIVE
To become a successful entrepreneur/s, it is a must to have a competitive spirit within
yourself. A spirit in which you can win the battles in every situation in the business. It is
essential to be a competitive entrepreneur in all ways because it helps drive the
company to a better outcome and to excel in business. There are such things to help
also the business to become successful and competitive in the field of business. For
example, the digital technologies in which it creates and gives a big impact to the
society to be able to customers give the power and choices to make their decisions.
Same with the technologies that rapidly growing, a competitive entrepreneur must also
coincide so that there can have a good connection and the capacity to succeed as well.
Furthermore, can understand the situation, May it be bad or good, when achieving their
goals. And also, it is an advantage to have the competitive quality of an entrepreneur
since it gives the company an edge over the competitors.

Start-up Red Flags to Avoid

TOP 3 RED FLAGS

1. NO FOCUS
Sharp focus is important to your startup’s success. Maintaining your goals and
objectives for both short- and long-term gains can help you build a successful startup.
Multitasking to launch multiple businesses at the same time doesn't work how to stay
focused, it's just only making distractions. Carnegie Mellon University's Dr. Marcels just
tested the brain's ability to do things at once. By mapping the brain's activity during a
single task and then during multitasking, he showed that brain activity decreases when
you try to do more than one task at a time. The research indicates the context of
switching, the simplest thing to do is to disconnect to the ideas that can cause
distractions when you want to start a business to make sure that your ability to focus is
at its peak. As a new entrepreneur in a new startup, it’s better to walk before you try to
run. Staying focused isn’t easy, but it’s essential for building a thriving business. Overall,
what you need to think about when building a new business is reducing your
distractions. Get rid of all of those things and you might be amazed by just how well you
can focus.
2. BAD TIMING
Bad timing is one of the red flags that business owners need to consider before they
should start up their businesses. Bad timing is one of the factor that causes failure to
some of the businesses because they fails to overlook the state of the economy before
putting up. Like for example, the pandemic that we face nowadays greatly affect our
economy which forces many established businesses to close down or push them to
reduce their manpower because they cannot sustain it anymore due to lack of
customers. Therefore, I believed that it is not ideal or appropriate to start a business
during this time of pandemic because the state of the economy is poor and there are
lots of protocols that needs to be considered which can also add up to the expenses of
the business. In conclusion, entrepreneurs must consider and study the state of the
economy first before they should start up a business because we believed that timing is
essential in the success of the business.

3. No passion or persistence.
One of the red flags that company owner must consider before starting up their
businesses is No passion or persistence. In starting a business, being passionate gives
you a powerful edge that you can use to stay one step ahead of your competitors.
Passion means that you'll dedicate more time and energy to work than your competitors
that translates to learning and ensuring that you always come out on top. In conclusion,
as an entrepreneur you need to be persistent because it can be difficult to keep things
going when you are not seeing instant success. Being persistence is a fundamental trait
to develop in life because it is closely related to personal development and
improvement. Without persistence, your ability to grow and develop as a person will be
severely restricted, and it will also be the amount of success, wealth and happiness that
you can achieve. By consistently improving your business while sustaining your
passion, persistent and determination, more opportunities will present themselves.