11 Essential Characteristics of Thriving Entrepreneurs

Entrepreneurs are a special breed. They create a vibrant business selling TVCMALL products from the ground up. They stare down adversity. They risk it all on a dream.

Successful entrepreneurs may seem like folk heroes. But they start out like ordinary people. But unlike regular people, they cultivate and demonstrate the following 11 essential characteristics of thriving entrepreneurs.

 

1. Visionary

Entrepreneurs destined to THRIVE are visionaries. They have a well-cultivated vision of what their success looks like. An entrepreneur’s vision answers the what and why of their actions. Your vision will get you through the tough times.

Your vision doesn’t have to change the world, just your corner of it. Develop a picture of what your success will look like for your customers, your family, and for you. Write it out and refer to it daily.

 

2. Passionate

Passion is the characteristic that drives you to succeed. You need passion because other motivating factors, such as money and success, take time to cultivate and aren’t always in your control.

Passion flows from your vision. However, you see yourself changing your corner of the world becomes the foundation of your passion. It’s the excitement you feel about working toward your vision.

 

3. Self-Confident

Even your passion isn’t enough to bring your vision to fruition if you lack self-confidence. Self-confidence is faith in your ability to accomplish your goals.

It’s normal to lack confidence in one or more skill areas. None of us is an expert in everything. However, entrepreneurs with self-confidence know that they have to ability to learn or work around necessary skills. They understand that they can overcome the challenges ahead.

 

4. Conscientious

Conscientiousness means being both dependable and motivated. Entrepreneurs with this trait work hard to deliver on their promises. They’re motivated to perform well. In short, conscientiousness is the ability to do what you say, when you say you’re going to do it.

 

5. Risk-Tolerant

Going into business for yourself comes with uncertainty. You don’t always know when you’re going to get paid or if you’ll sell enough products to make ends meet. Thriving entrepreneurs are risk-takers who cope well with such uncertainty.

It isn’t that risk-tolerant entrepreneurs simply accept misfortune. Rather, they emphasize the control they have over their circumstances. Thriving entrepreneurs accept risks because they have an ace in their pocket, which is their confidence in their creative problem-solving ability.

 

6. Creative Problem Solvers

Running your own business means facing challenges every day. Your website can crash. Your supplier may refuse to replace a defective product. Or a series of bad reviews may jeopardize your success.

However, as far as thriving entrepreneurs are concerned, there is a solution to every problem. They’re adept at dealing with the issues at hand and finding long-term solutions to avoid trouble in the future. That’s why creative problem-solving is a key characteristic of successful entrepreneurs.

 

7.  Tenacity

Simply put, tenacity is the ability to stick it out—no matter what. It means you stay up past midnight boxing shipments. Or you write that blog post even if you’re too tired for words because that’s what your editorial calendar says you’re supposed to do. You follow through even when you don’t feel like it.

 

8. Adaptability

Successful entrepreneurs can change course when the situation calls for adaptability. Sometimes the best-laid plans don’t work out. Perhaps the product video you painstakingly created doesn’t generate buzz for your business. Or perhaps after months, your SEO strategy turns out to be a dud.

When things don’t go as planned, successful entrepreneurs make necessary changes, even if they have to change a key aspect of their business model.

 

9. Unconventional

Collecting a paycheck is the status quo. According to Statista, less than 1% of American adults started a new business in 2021. So, by definition, entrepreneurs are unconventional.

Thriving entrepreneurs bring their unorthodox approach to life to their businesses as well. They look for ways to differentiate themselves from their competitors. As a result, successful entrepreneurs carve a unique niche in the marketplace thanks to their out-of-the-box thinking.  

 

10. Growth-Mindset

Thriving entrepreneurs know they can always learn and grow. If they don’t naturally have a characteristic or skill, they set to work learning how to improve.

Very few people possess all of the characteristics listed above. But if you have a growth mindset, you believe you can develop the traits you need to make your business successful.

 

11. Ability to Delegate

A growth mindset is a virtue. However, sometimes, it’s more advantageous to focus on your strengths and work around your weaknesses. Thriving entrepreneurs delegate when they know someone else can do a task better and more quickly.

 

 

Do you have what it takes? It’s probably the most-asked question entrepreneurs ponder about themselves, as if entrepreneurship is written into our DNA. Either you got it or you don’t.

Nothing could be further from the truth. Experts agree that successful entrepreneurs have the 11 essential characteristics of thriving entrepreneurs listed above. Spoiler alert: no one has all 11 traits out of the gate.

Instead, thriving entrepreneurs commit themselves to their business selling TVCMALL products and do what it takes to succeed, especially when it comes to developing their most important asset: themselves.