Friday, September 25, 2020
Home Business Planning Checklist: 10 Characteristics of Successful Entrepreneurs

Checklist: 10 Characteristics of Successful Entrepreneurs

There are many characteristics of successful entrepreneurs. If you’re thinking about starting a small business, answer this true/false questionnaire to see if you have the characteristics of successful entrepreneurs.

Characteristics of Successful Entrepreneurs

True or false:

At my current job…

  • I am usually the one who takes initiative to complete tasks
  • I often come up with ideas about what we should be doing
  • My organizational skills help keep me and others on task
  • If I don’t know how to do something, I quickly find resources to get it done
  • I always deliver projects on time
  • I take responsibility when things don’t work out rather than look for someone to blame [be honest, think really hard about this one]

About me…

  • My friends would say I am very responsible
  • I don’t mind working long hours, evenings and weekends
  • In my spare time, I enjoy learning something new (i.e., reading, watching instructional videos, writing, tinkering)
  • I have 6 months of savings in the bank

Do You Have the Characteristics of an Entrepreneur?

If you answered false to any one of the statements above, there’s a chance that you might not be ready to start your own business.

These aren’t hard and fast rules, but I can tell you from experience that these criteria and characteristics greatly contribute to your entrepreneurial success.

Do you have the characteristics of successful entrepreneurs? Are you ready to start your business? Use’s free resources to get started:

Not Ready Yet? Here’s What to To Next

Just because you may not have answered “true” to all of the statements above doesn’t mean you won’t be ready to start your business soon. One of the most important characteristics of successful entrepreneurs is the ability to adapt. They also find resources to fill the voids in their knowledge and make up for the skills they lack.

When I started my first company, I had no idea how to build a business. So, I went to my public library and checked out a few books on marketing.

After 3 weeks, the library books were due back. I returned the ones I had read (or not found useful), renewed the ones I wanted to finish, and checked out a few more on other business topics. I took notes on what I learned and created a folder of things I wanted to remember.

All of that reading made a big difference. Soon, I was able to create a business plan and start getting clients.

During the next 12 months, I went to the library every 3 weeks and checked out numerous books to learn about management, hiring, sales – all sorts of business topics. Today, 25 years later, I continue to read regularly to stay on top of trends. I’ve also written a bestseller on how to find clients.

If there is one piece of advice that is most valuable to a first time entrepreneur to be successful, it’s this:

  • Always keep learning.

Second piece of advice:

  • Be relentless.

Free Templates for You

Commercial Lease Agreement Template

When you are leasing property to a business it is important to get it all in writing. Create your own commercial lease agreement with this agreement template.

Living Will Sample – Online Living Will Template and Blank Will Form

Use this Living Will sample as an example of a living will for your estate. Copy it as a blank will form in Word or use the online living will template.

Trucking Technology Business Plan

Help truck drivers burn the midnight oil with your new trucking technology. See this sample plan to get you started in the trucking business.