5 Traits of Successful Entrepreneurs

Focus on your strengths. What are you uniquely capable of contributing to your situation? Hi, I'm Brian Tracy and today I have a special video for you in collaboration with my friend Evan Carmichael, who helps teach entrepreneurs to succeed and build their businesses here on YouTube. Today we're going to discuss five characteristics that set entrepreneurs apart. Make sure you head over to Evan's channel once you've done watching this video to hear his take on five traits every entrepreneur must have to succeed. The link will be listed in the description below. The first trait that all successful entrepreneurs must possess is self discipline. Self discipline is the most important single quality for success in life and business. If you can discipline yourself to do what you should do, whether you feel like it or not, your success is virtually guaranteed. Self discipline requires self mastery, self control, self responsibility, and self direction. The difference between successful entrepreneurs and failures is is Successful entrepreneurs make a habit of doing the things that failures don't like to do. And what are those things? The things that failures don't like to do are the same things that successful people don't like to do either. But successful people do them anyway because they realize that this is the price they must pay for the success that they desire in the future. The second trait that all successful entrepreneurs must possess is integrity. Perhaps the most valued and respected quality you can develop is a reputation for absolute integrity. Be perfectly honest in everything you do and in every transaction and activity. Never compromise your integrity. Remember that your word is your bond and your honor is everything when it comes to your business. All successful businesses are based on trust. Your success in becoming an entrepreneur will be largely and solely determined by the number of people who trust you, who are willing to work for you, who give you credit, lend you money, buy your products and services, and help you during difficult times. Your character is the most important asset that you develop in your entire life, and your character is based on the amount of integrity and that you practice. The third trait that all successful entrepreneurs must possess is persistence. Persistence is the iron quality of character. Persistence is to the character of man as carbon is to steel. It's an indispensable quality that goes hand in hand with all great success in life. Here is one of the great secrets to persistence and success. Program your subconscious mind for persistence well in advance of the setbacks and disappointments that you're going to have on your upward quest toward success. Resolve in advance that you will never give up, no matter what happens. The courage to persist in the face of adversity and disappointment is the one quality that, more than anything will guarantee your success. Your greatest asset can be your willingness to persevere longer than anyone else. In fact, your persistence is a true measure of your belief in yourself and your ability to succeed. The fourth trait that all successful entrepreneurs must possess is they must have a clear sense of direction. Because of the turbulence and rapid change in today's marketplace, most business owners have been reduced to operating day by day almost like firefighters. They're totally preoccupied with short term problems and the need to get short term sales and profits. They intend to spend more time thinking and planning for the future, but they don't ever seem to get around to it. But this is not for successful business owners. You need to set clear targets for yourself and every part of your business. In fact, perhaps your most important responsibility to your people is is to give them a clear sense of direction in their work. The final trait that all successful entrepreneurs must possess is they must be decisive and action oriented. They must think and make decisions quickly. They discipline themselves to take action and to carry out the decisions that they have made. They move fast and they get quick feedback from their actions. If they find that they've made a mistake, they quickly self correct and try something else. The key to triumph is for you to try. Successful people are decisive and they try far more things than other people do. According to the law of probabilities, if you try far more different ways to be successful, the odds are that you will eventually find the right way for you at the right time. Before we wrap up, I'd like to leave you with a thought to share with your friends and followers. It is successful entrepreneurs develop a clear vision for themselves, their company, and their employees. So those are my top five traits that all entrepreneurs must have to succeed. Click the link on the screen or in the description below to watch my friend and entrepreneur coach Evan Carmichael's video for his take on the five traits that all successful entrepreneurs should possess. Now I'd love to hear from you. So my question today is what traits do you feel every entrepreneur must have to be successful? Leave a comment below and I'll be sure to follow up with you. For more resources on entrepreneurship, Visit my website, www.briantracy.com. thanks for watching. And remember, if you want to change your future, take action. And take action now. If you enjoyed this video and feel it was valuable for teaching you how to become a more successful entrepreneur, subscribe to my channel and share this video with your friends or anyone else who might benefit from this sort of information.