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    Women Business Leaders: 6 Traits That Make a Successful Entrepreneur

    If you have ever wondered if you had what it takes to successfully grow a business, you should know that certain personal characteristics are needed.

    Entrepreneurs come from all walks of life – including women business leaders, self-made men, young idealists and retirees reentering the workforce. While there’s no one-size-fits-all description of entrepreneurs, successful business leaders do have certain characteristics in common.

    So what does it take to start and grow a thriving business? In a recent Washington Post article, University of Maryland entrepreneurship guru Rudolph P. Lamone outlined 6 character traits that may be the secret of entrepreneurial success:

    1. Passion: A successful entrepreneur has a strong belief in her ideas – Lamone calls it “fire in the belly.” This intensity makes the passionate entrepreneur willing to do whatever it takes to succeed.
    2. Persistence: Entrepreneurs don’t take “no” for an answer. This means they aren’t discouraged by naysayers and maintain a strong belief that their ideas will work.
    3. Ability to deal with pain: Entrepreneurs accept that building a business takes great sacrifice. They are undeterred by the incredible amount of hard work and assets launching an enterprise requires.
    4. Calculated risk-taking: In the typical Hollywood portrayal, entrepreneurs take wild gambles. The real-life portrait is more balanced: Entrepreneurs are not risk-averse, but they thoroughly assess the odds and take measured risks.
    5. Strong relationships: Because launching a business requires a great deal of time and personal sacrifice, a strong support system is key. An entrepreneur needs the commitment and backing of her spouse or partner so she can devote the time and resources it takes to succeed.
    6. Team Leadership: While entrepreneurs are often thought of as lone dreamers taking on the business world in solitary fashion, success usually takes teamwork. Most successful entrepreneurs don’t go it alone – they build and lead strong teams, harnessing group synergies to achieve goals.

    Lamone, who founded the Dingman Center for Entrepreneurs, describes successful entrepreneurs as passionate, persistent and tough-minded individuals who know how to assess risk, sustain relationships and lead teams. Women business leaders who display these traits may be well on their way to success.

    3 Responses to “Women Business Leaders: 6 Traits That Make a Successful Entrepreneur”

    1. How to organize business…

      [...]Women Business Leaders: 6 Traits That Make a Successful Entrepreneur | Women Business Leaders Growing a Life-Long Career :: Roxanne Joffe[...]…

    2. Alex Dail says:

      In reaearch done and published in the Journal of management the most important trait to leadership success using the Big Five as the assessment tool was open-mindedness.

    3. Alex Dail says:

      I wrote to fast, that is leaders who are also entrepreneurs. They have to be moderately high in open-mindedness. Too high and they get stuck in anaylzes and too low and of course they cannot change even when it is obvious the current strategy is not working.

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