Top 10 Qualities Required to Successfully Run a Business

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!

If you enjoyed this content, please consider sharing it with others!

Other Interesting Posts in the Category

Some Older Posts That You May Like