The 6 Traits of Successful Small Businesses

Do you ever ask yourself what it takes to make it as a small business owner? I will be the first to admit that it is hard being a successful small business! There is much to do and learn. Sometimes you may even feel like you just don’t have the traits or attributes to be a successful business owners. Before you give up on your dreams, check out the results from a study conducted by Guardian Life Small Business Research Institute. This study surveyed more than 1,000 entrepreneurs and asked them to identify 60 critical factors for business success. These were then boiled down to six important skills that were common to successful business owners.

1. Collaborative

Delegating effectively and building good relationships with employees, vendors, and other partners is key. The study found successful owners had a win-win attitude and were dedicated to “creating opportunities for others.”

2. Self-fulfilled

Great entrepreneurs love being in control of their destiny, deciding how hard to work and when, and deriving personal fulfillment and gratification from operating their businesses.

3. Future-focused

Good business owners aren’t just slogging through the day, focused on keeping the doors open another 24 hours. They’re the woman or man with a plan.

4. Curious

Constant learning is a hallmark of winning business leaders. They’re always looking for opportunities to improve how they manage their business.

5. Tech-savvy

The study found winners “intensively value their company’s Web site and are significantly more likely to rely a great deal on technology to help make our business more effective and more efficient.”

6. Action oriented

Successful entrepreneurs are taking proactive steps to build their businesses. They indicated high levels of agreement with phrases such as “commitment to taking the business to the next level,” “differentiating ourselves from competitors,” and “having something to sell when I’m ready to retire.” These glass-half-full types saw hard times as “a kick in the rear to help move you forward.”

I thought this was great list of traits…don’t feel bad if your lacking some of them! That doesn’t mean you can’t be a successful small business owner. As your business grows, these traits will also develop and grow!

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