According to Forbes, approximately 543,000 new businesses get started each month, but more businesses shut down than start up each month.
Forbes further reports that 7 out of 10 new firms survive at least 2 years, 5 survive for 5 years, only 3 cross the mark of 10 years and hardly 2 go up to 15 years or more.
So, if you are actually going to start a business, you must have traits of being a successful entrepreneur in order to make your business a success story. Let’s see what those traits are:
1- Successful entrepreneurs are usually ambitious people.
2- They are competitive in their particular field.
3-They are passionate about their business.
4- They are creative and out of the box thinkers.
5- They are resourceful and often willing to take calculated risks.
6- They believe in themselves and their ideas.
7- They are ready not to react badly when setbacks occur.
8- They are prepared to take the rough with the smooth.
9- They are naturally optimistic.
10- They are determined to overcome the odds.
If you have the above traits or else you can develop them you will certainly see the difference between survival and failure. Starting a business is easy, but doing it might be tough.
You may count on the support of family and friends, but there come times when you alone have to face a lot and you must be ready for the quest!