6 Signs You'll Be a Successful Entrepreneur
If you’re a small business owner, you know what it takes to start a company. Besides the hard work, entrepreneurs often share several other characteristics. There are things like endurance, pushing through obstacles, or the willingness to become a Jack (or Jill) of all trades.
But there can also be signs that signal you will be a successful entrepreneur. Here are 6 signs that indicate you’re meant for that path.
You have a steady stream of new ideas
As in lightbulb-kind-of moments.
If you are constantly toying with new ideas and solutions for problems you see around you, it could be a sign you’re on your path to be a successful entrepreneur, says Oliver Isaacs, a serial entrepreneur, tech investor and influencer.
Successful entrepreneurs have the ability to use these ideas to react to changing problems and markets and can more easily adapt their approach and product to best serve their customer base, Isaacs writes in a blog for Entrepreneur magazine.
You know how to take action
Because it takes more than ideas to be successful.
Great ideas are a dime a dozen, says Sujan Patel, co-founder of Web Profits. A “million-dollar idea” does not equal a successful business venture, he says.
These “all talk” people aren't entrepreneurs because they never take action on their ideas, says Patel.
“If you're someone who takes action (or if you can partner with someone who can effectively implement your ideas), you'll likely succeed as an entrepreneur,” he writes in a blog for Inc. magazine.
You’ve got tenacity
Or that “never say die” attitude.
To succeed as a business owner, you need a certain tenacity – a drive to not give up, says Patel. If you have a tendency to doggedly pursue things until they’re finished, it’s a sign you’re a born entrepreneur, he says.
“Not every day as a startup operator is rainbows and sunshine,” he writes in the Inc. blog.
“You'll hit challenges and roadblocks that'll make you wish you'd never even started,” Patel says. “At these times, it's up to you to find the inner resolve to be tenacious and push through – no matter how frustrated or exhausted you are.”
You’re in the pursuit of improving things and yourself
This means you have an inner voice that’s driving you to always do better – to continually improve on your successes – and never just maintaining in a comfort zone.
“Having a restless spirit that's never satisfied with ‘good enough’ is one sign that you'd make a great entrepreneur,” Patel writes in Inc. magazine.
As in the ability and willingness to take risks. Entrepreneurs are risk-takers – they see potential where other, more cautious types, may not want to go.
Robert Irvine, chef and host of Food Network's Restaurant: Impossible, says true entrepreneurs are not afraid to leverage their houses and run up their credit card balances in order to amass the funds they need to create a new venture.
In some ways, they are the ultimate optimists, because they operate under the belief that their investments of time and money will eventually pay off, Irvine says in an article posted by Business Insider.
You’re willing to flex
Smart entrepreneurs evolve when circumstances change – you’re not stuck to one way of doing things, or one idea or concept.
“If you have only one acceptable outcome in mind, your chances of making it are slim,” says Rosemary Camposano, president and CEO of Silicon Valley chain Halo Blow Dry Bars, in the Business Insider blog.
If you are willing to listen, she says, your clients will show you which of your products or services provide the most value.