What characteristics do you need to be a successful entrepreneur? Successful business people have many traits in common. Take a look at the business people around you and pick out the ones that you feel are thriving in their businesses. What do all of them have in common? These are my top 5 qualities that successful entrepreneurs should possess.

1. Passion

I feel that passion is the basis of what drives a successful entrepreneur. They will need that burning passion to fall back on when the times are tough. That passion will drive them to put in those extra hours to make the business succeed. The successful entrepreneur will always be reading and researching ways to make the business better because they want to be the best they can be and they love what they are doing at the very core of their being.

2. Disciplined

Entrepreneurs are focused on making their businesses work. They know that if something needs to be done, they should start it themselves. They are proactive people, self-starters. They are problem solvers and will eliminate any distractions to their goals. They have strategies in place and take steps every day to achieve their objectives with those strategies. The successful entrepreneur’s mind is constantly on their work, whether they are in or out of the office.

3. Confidence

The entrepreneur does not question whether they can succeed. They are confident that they will succeed. They show confidence in everything they do. Many companies are formed because an entrepreneur knows that they are good at what they do. They look at defeat as an opportunity for success. They are determined to make all of their endeavors succeed, so they will try and try again until they do. Successful entrepreneurs do not believe that something cannot be done.

4. Strong people skills

The entrepreneur has strong communication skills. They genuinely like to make a difference in peoples’ lives. They are interested in people and are very good at highlighting the benefits of any situation and coaching others to their success. Instead of worrying about their competition, they are focused on customer service.

5. Open Minded

Entrepreneurs naturally have a creative mind. They see every event and situation as a business opportunity. They have the ability to look at everything around them and focus it toward their goals. One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will re-purpose products to market them to new industries.

Successful entrepreneurs are never satisfied with where their business currently is. Once they reach a certain goal, they go to work on the next one. Their businesses soar as a result.