5 Traits Every Entrepreneur Must Have

October 3, 2016

Maybe you are born with the spirit of the entrepreneur, but there is too much to know and who has time to keep track of all “good” advice and must-know’s?


By analyzing the most recent publications, guides, top ten lists, and infographics, created by the entrepreneur experts all over the wide web, we have filtered and made the top 5 traits every successful entrepreneur must have. You don’t have to be born with any of these skills. They all can be learned through rigorous self-reflection and hard work.

          They must have Confidence

You are going to encounter many obstacles that would deter any other person from moving forward with their ideas. Bouncing back from these is almost impossible without some self-confidence. Leadership and business experts say that, having a moderate amount self-confidence will increase the likelihood of your success. Having the confidence and assurance that your business is something the world needs and that you can deliver it to overcome the naysayers, who will gladly shoot your idea or business down. Dharmesh Shah, Founder and CTO at Hubspot, writes in a Linkedin Blog post, “You can do almost anything you have the desire, skills and drive to do; you don’t need to wait for someone else to discover your talents. The only think holding you back is your willingness to take the leap and try!

Successful Entrepreneurs are Consistently Resilient

One upcoming trait that entrepreneurs share is their ability to be resilient looking into the face of defeat while going through their journey of entrepreneurship. As Joe Robinson writes in his Entrepreneur article, The 7 Traits of Successful Entrepreneurs, “Starting a business is an ultra marathon. You have to be able to live with uncertainty and push through a crucible of obstacles for years on end. Entrepreneurs who can avoid saying uncle have a better chance of finding their market and outlasting their inevitable mistakes.”

  Bring your Innovation Game

All of the resilience and confidence in the world would be wasted if an entrepreneur was not consistently putting them to good use. All entrepreneurs must have innovative and creative methods, strategies, and ideas to achieve success. Jason Bowser, Startup Business Expert, wrote “Entrepreneurs are almost defined by their drive to constantly develop new ideas and improve on existing processes. In fact, that’s how most of them got into business in the first place.”

Resourcefulness is Key

As an entrepreneur, traditionally, you have little access to resources and your assets will be limited. With the resources you do have, use them to the fullest capacity. Tapping into your network and increasing your networking opportunities will be more important that it has ever been in your entire career.

Determination to Get the Job Done 

Starting a business is a marathon. This trait has many different names: perseverance, persistence, tenacity, and commitment. “Tenacity is No. 1,” says Mike Colwell, who runs Plains Angels, an Iowa angel investor forum, and the accelerator Business Innovation Zone for the Greater Des Moines Partnership. “So much of entrepreneurship is dealing with repeated failure. It happens many times each week.” 

Written By: Austin Rains

Dayton Tech Guide Marketing Intern