Do you have what it takes to be a successful business owner?

If you own a business you are an entrepreneur, and you almost definitely want to be a successful one (otherwise you wouldn’t put yourself through all the stress and hard work of running a business). However, hard work can only get you so far; the most successful entrepreneurs share natural abilities which make them more likely to succeed.

So do you have what it takes to be a successful business owner? Read our list below of the qualities shared by the best entrepreneurs.

A need to grow

Businesses need to grow if they are to succeed so it is vital that the entrepreneur behind the business should have a constant need to grow, both as a business and personally.

An intense focus and stubbornness

Entrepreneurs will need to overcome many challenges on their way to success. The entrepreneurs who succeed are those who keep going in the face of adversity and failure, those who come up with solutions rather than quit.

Be an expert at what they do

If you start a business in an area in which you are not completely familiar you will always be on the back foot, especially when it comes to changes in the industry or, more importantly to becoming a really successful entrepreneur, leading the changes in your industry yourself.

Not afraid to be their own boss

Being your own boss doesn’t mean only doing what you want, it means doing what you need to do. To be a successful entrepreneur you need to be highly self-motivated because there won’t be anybody telling you what you need to do – you’ll need to get yourself out of bed and get to work, after deciding what that work is.

Not afraid to take risks

This is important to all businesses, but it is the successful entrepreneurs who are really capable of taking risks. You need to take the right kinds of risks, ones that give you a chance of success whilst minimising the risk of losses.

Learning from their mistakes

Everybody has heard that the most successful entrepreneurs got where they are today by making lots of mistakes and seeing failure. More important than making the mistakes is actually learning from them, and using your new knowledge to grow as a person as you move forwards.

Never give up

The most important thing about being a great entrepreneur is the ability to get back up and brush yourself off when anything goes wrong. Never giving up is the best thing you can do.