Working at an established company is far more different than working for yourself. Once you've decided to launch a start-up, you’ve put your shoulder to the wheel, and it’s in your best interest to nurture some essential qualities if you wanty success to knock on your door any time soon. Long-term success is rarely a result of a happy coincidence and it won’t happen overnight. Excellent results require hard working and complete dedication.
All famous start-up founders share a few specific traits. We give you five to think about.
Passion
This is the most important trait of a start-up entrepreneur. You should be passionate about what are you going to build, meaning that you have to believe and truly love the idea of launching a product or offering a particular service. From sunup to sundown, entrepreneurs work non-stop. However, their enthusisam is not money-driven. They put the emotion first, and then comes business. To run a successful company, you need to work day and night. Many entrepreneurs found start-ups only to make money fast, but usually the fast way turn out to be the wrong way. Running a prosperous enterprise requires endless hours of hard work and devotion. If you are passionate about what you do, it will be less burdensome and easy to achieve your primary goal.
Decisiveness
Smart entrepreneurs rarely follow the crowd. They put things into perspective, ignore naysayers, know how to handle failure and learn from previous mistakes. They follow their instincts and believe their vision; therefore, they rarely fail to miss opportunities. When they do, they analyze why things went wrong, change to improve strategy and do their best to avoid making the same mistake again.
Tenacity
Some call it stubbornness, while others prefer the word tenacity. Both traits are considered important for a start-up leader. When going down a rocky road they don't waste time regretting for bad decisions and missed opportunities. Great start-up leaders take responsibilities. When a situation deteriorates and the company goes in dire straits only the tenacious ones are able to deal with the upcoming. It takes a lot of courage and tenacity to put on a brave face and find the best solution to the problem. Tenacious entrepreneurs never hope to be saved by the bell. They come up with an emergency plan and put it in action.
Risk-taking
"There is no gain without risk", Stephen King said it once. As a start-up founder you have to be aware of all the risks you take. There are no guarantees. Anything can happen so it will be better for you to put some money aside. It is important to have some financial savings you can count on in case your start-up doesn’t generate profit for a long time. Some entrepreneurs run more than one businesses and see profit from one or two at a time. In order to build a profitable start-up one must wear different hats, raise to new challenges. However, strength of character remains of great importance. Wearing too many hats might not be beneficial all the time. Smart entrepreneurs calculate the risks before taking them. Don't bite off more than you can chew.
Customer-focused
Success is judges by the profits and revenue. If you want your start-up to grow, focus on the customers' needs and desires. Build your brand by investing money on the right things. Success doesn not define by fancy offices. It's the customers who create opportunities and the entrepreneurs must grab them and benefit from them. Good start-up leaders must ttake into acccount what the customer wants and needs. The more customer-focused they become, the better.
