Do You Command These Qualities of Great Entrepreneurs?

May 14, 2012  |  

As an Inc.com article points outs, “good entrepreneurs make money. Great entrepreneurs make serious money.” Of course, it’s not just about the financial difference; it’s an attitude adjustment as well. If you find you’re an entrepreneur with a good steady income but still feel you could do better, here are a few qualities you should try to incorporate in your daily life.

Find happiness in the success of others. Value your teammates and help them understand their own role, don’t be afraid to make sacrifices for them. When you can rejoice when colleagues reach their goals, you’ll find your own personal success will grow.

Continually search for new experiences. Although many may view easily changing interests and switching commitments as a drawback, the ability to novelty seek as it is often called can also have its advantages for business growth. Dr. Robert Cloninger, a psychiatrist, tells Inc.com that “Novelty seeking is one of the traits that keeps you healthy and happy and fosters personality growth as you age… if you combine adventurousness and curiosity with persistence and a sense that it’s not all about you, then you get the creativity that benefits society as a whole.”

Don’t think work/life balance, just think life. Entrepreneurship isn’t just about working. It’s about developing a business idea and watching your dream grow into a lucrative reality. You gave birth to the idea and it’s your baby. So of course your business is your life. The difference between good entrepreneurs and great entrepreneurs is that they find ways to include their family and friends into the equation instead of exclude them or their work. They know how to bring passion and personal values into their professional life.

Great entrepreneurs are exceptionally empathetic. They realize that their success is dependent on putting themselves in a person’s shoes and finding business solutions to a problem. They also realize that they can’t stop at emphasizing with clients alone. They must also be able to put themselves in their employees’ shoes. They realize that success also centers on the happiness and effectiveness of the employees.

To great entrepreneurs, money isn’t a reward of good business, it’s a responsibility. Money earned isn’t simply to buy expensive cars and clothes or to throw grand parties. They recognize that money isn’t just to improve their own life; it’s also to assist the people around you. It’s a way to grow your business, reward and professionally develop and train your employees and to give back to the community.

Lastly, great entrepreneurs don’t realize just how great they are. Although they know that their success is a result of personal ambition, persistence and execution, they also recognize that great business wouldn’t be possible with great mentors and employees. They remain humble, continue to ask questions, seek advice, learn from others and give praise where it’s due.

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