Major Mental Attributes Of A Successful Entrepreneur

The one attribute that all the successful entrepreneurs possess is a mindset and taking action. It is their mental strength that enables them to bear all the hardships and adversities. Their mental attitude enables them to make the right decisions at the right time and be patient when things aren’t according to their likings.

There are traits that an entrepreneur needs to have to be successful. Besides the general dedication and commitment to the cause, which is the essence of success, there are numerous qualities and attributes, which an entrepreneur has to develop with time to ensure that the perceived idea materializes and the business grows.

The highlights below discuss the major mental attributes that an entrepreneur must possess to be successful.

Major Mental Attributes Of A Successful Entrepreneur

Don’t Complain

Ups and downs are a part of business, and it is also a fact that starting a new business comes with more difficulties and adversities compared to running an established business. Therefore, if you as an entrepreneur start complaining about every hardship you face or every failure you encounter, then you are not exhibiting the mental aptitude of a successful person. On the contrary, you need to show mental strength by facing the circumstance with courage and always keeping your eyes open for the silver lining. Hence, to be a successful entrepreneur it is important to change the attitude from lamenting to pondering over what needs to be done.

Don’t Submit

You fail as soon as you think that you can’t do it. The reason why entrepreneurs achieve success is that they don’t submit to either any adversity or any other kind of pressure. They have a firm belief in their idea, in their abilities, in their strength and based on all that they form a never-yielding attitude. Thus, true entrepreneurs, instead of pleasing people focus on making their idea and efforts stand out. Another factor common among successful entrepreneurs in this regard is that they don’t care about what people think about them, rather they have their eye on the end goal. This unflinching dedication is what makes them conquer all.

Accept Change

If there is one thing that good personal development books and tapes tell us, it is that change is inevitable and those who don’t adapt to it are the ones who don’t survive. Applying this principle on successful entrepreneurs, one can easily observe the life of numerous entrepreneurs and find that all of them adapted to change and changed their approach and way of thinking with regards to the changing circumstances. This acceptance of the power of change enables them to grow and progress, which eventually reflects in the success of the business.

Major Mental Attributes Of A Successful Entrepreneur

Think Outside the Box

The thing that differentiates entrepreneurs from ordinary business professionals employees in the first place is that they dare to think different. In the majority of cases, this different thinking comes in the form of having the mindset on the bigger picture and aiming high. Those who think the same and small are not entrepreneurs; they are merely people who think of doing something out of the spirit of adventure. An entrepreneur is one who has a broad mind that keeps an eye on the bigger picture and the things that need to be done to bring that picture to life.

Limit Your Curiosity

For an entrepreneur, the foremost important thing is the focus, therefore, the entrepreneur needs to not trifle with matters that are unimportant and result in loss of time and more importantly divert the attention from the true goal. Hence, for an entrepreneur to be successful, it is important that the factor of curiosity be suppressed, as it is what kills the cat.

Now it’s Your Turn!

Do you think that the aforementioned attributes are justified? What do you think is the most important mental attribute of a successful entrepreneur? If you have any other trait in mind that is pivotal for entrepreneurial success, please share in the comments section and I look forward to reading them!

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39 responses to “Major Mental Attributes Of A Successful Entrepreneur”

  1. Well Explained Nate. These are the steps, must to follow by the entrepreneur. Attribute is one of the important factor to deal with it. How can we handle the problem and How can we solve the problem will say about the entrepreneur.

    I like the point “Think Outside the Box”. How we think will differ ourselves from others. A man who always thinks different will get victory. Thanks for sharing this Nate.

  2. James says:

    The major mental attributes of successful entrepreneurs you have mentioned coincides very well with the seven habits of highly successful people.
    They are proactive, not easily discouraged by challenges, have the right team, they don’t complain, they accept changes.
    Thanks Nate, I just wish I can discipline and adjust myself to have all this attributes.

    • Nate Leung says:

      Hi James,

      Anything you desire you can adjust yourself, provided that you are open to the change. Appreciate the comments! 🙂

  3. Greg Mock says:

    Wow Nate! Very relevant to my thoughts today. Thanks.

  4. Mike says:

    Great post Nate! Get out there and play like a champion!!

  5. Fantastic post Nate! These mental attributes are so very important to be a successful entrepreneur!!! Thank you for sharing!

    Just wanted to take a moment and wish you and your family a very safe and Happy Thanksgiving!!!

    Take care,
    Joan

  6. Nadya says:

    All of these are valid & valuable points!
    That ‘attitude of success/gratitude’ rather than getting bogged down if things don’t go well – & not TALKING ABOUT things not going well – really makes a difference! And the ability to focus on what’s important, rather than getting scattered, is another biggie.

    Thanks

  7. Jason Power says:

    Hi Nate,

    The thing that stands out for me in this post is not complaining. Successful entrepreneurs never play the victim and take responsibility for themselves for the results they achieve. They believe that success comes from within and not from outside themselves. Great Post!

    • Nate Leung says:

      Hi Jason,

      No offense taken. Like you said, successful people never make excuses. Thank you for the comments!

  8. Joyce says:

    Aboslutely! For me, it comes down to making a decision. And a decision is to cut off from all other possibility. There is nothing to complain about – we trust that the outcome will occur, as there is no other possibility. We adjust to what we have, and sometimes find an even better way as a result of circumstances that may initially present as “impossible.”

  9. Hey Nate,
    That’s awesome. Here’s my point. Don’t just dreaming on making excuses. Take action, let’s make the dream happened!

  10. Ed Reienr says:

    Hey Nate, great post and you have some great points people really need to take to heart. In reading the accept change point I was reminded of a quote:
    Change in inevitable… growth it a choice!
    Keep up the great work man.
    Ed

  11. Robert Clark says:

    Some great truths here Nate. Thanks for putting this out there, limiting curiosity and the things that waste our time truly a great reminder!

  12. Change is constant, that’s what most of us don’t want to admit. And more so, a successful entrepreneur must be focus. Thanks Nate for this explosive Post. you never seems to suprise me.

    • Nate Leung says:

      Thank you Asaolu! My visitors are the reasons why I share these ideas. 🙂

  13. Kenee says:

    Thanks for sharing your tips about our mental attitudes! I have learned that this business is 80% mindset and 20% skills!

  14. Limit Your Curiosity … hmm, interesting and oh, so true! I’m forever going off to get some random question answered that just popped into my head. I can get side-tracked so easily. I like to “know” things, but realize that there is a time and a place for everything. Thanks, Nate!

  15. Zina Solomon says:

    Love the complication here. I believe that focus and thinking outside the box are so important. Mindset is absolutely key here to any success especially the entrepreneurs’. 🙂

  16. Alanna says:

    I believe that action is very important and being honest! Honesty builds trust!! <3 This is such a great post! You give so much value, Nate!! Thanks!!

  17. Somer Nelson says:

    I think all of them are so important. Without the right mindset we will not be successful. Great article!

  18. Bill Garner says:

    People often associate direct selling with brainwashing. Yes, it is brainwashing and the world needs more of it. It’s amazing how much time people spend watching the news and listening to garbage that neither inspires nor empowers.

    If everyone reading this blog would commit to reading 10 pages of a good (personal development) book every single day and listening to 15 to 30 minutes of positive, uplifting audio, think about the compound effect of doing these simple, easy to do activities each day.

    The mental attributes of a successful entrepreneur don’t just show up via osmosis. We have to commit to activities that put in positive mental protein every single day!

    Make it a great day!

    Bill

    • Nate Leung says:

      Hi Bill,

      Love what you said about reading a good set of pages of personal development per day. I also would add that it’s a good idea add anywhere between 30 minutes to 1 hour of personal development audio as well. Awesome comments Bill!

  19. Judy Garey says:

    I agree Nate! I’d add positive mindset and outlook on life and belief in themselves as well as belief in others.

  20. Yes I think all of the attributes you mentioned are completely justified. And if I had to pick one as the most important, I’d think it was focus although every single attribute you mentioned is, I think, critical to being a successful entrepreneur.

    One attribute I’d like to add is ‘the love of the business.’ Without it, an entrepreneur may not stay as focused. You must love your business has this can help you hang in there when you feel there is nothing else.

    Great, great information for all entrepreneurs. This can definitely help all of us.

    Regards,
    Barbara

  21. Hey Nate,

    These are great attributes of a successful entrepreneur. I don’t believe the one is more important than the other. They all have equal value when it comes to starting and growing a business! In my case, the one thing I like to do is clear my mind by going for walks or working out. Whenever I do this, new ideas of how to grow my business comes about! Thanks for sharing !

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