Characteristics of Successful Entrepreneurs - SockSeed
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Characteristics of Successful Entrepreneurs

Have you ever caught yourself saying ‘How did they manage to become so successful?’ while looking at successful entrepreneurs? I have been in this situation many times and that’s why I decided to do a research to find out the characteristics of all these entrepreneurs. So, here I am ready to share what I found with you.

Wait..wait! Before I start I would like to state that those 4 characteristics are found by a study made by the ‘Harvard Business Review’ collaborated with the ‘Professional Services Firm EY’ in 2015.

1. Always seeking for new talents

Do not be afraid to hire new and talented people in your company. Do not be afraid to innovate because innovation brings growth and growth is one step closer to success. Talented people are the ones who are going to bring fresh ideas into the company so take the risk and hire them today!

2. They stay concentrated to growth

The study showed that while growing you need to be aware of the:

  • ‘Makeup of your customer base’
  • ‘Company operations’
  • ‘Financial health’

A clever entrepreneur must have not only short term goals but long term too and those goals should be completed by experts.

3. Research, research

It’s really important to do your research on the aspects that investors are more interested. You may have a business idea but nobody is interested to invest on that idea. You always have to be updated and educated.

4. Focus on the purpose

The study showed that entrepreneurs who stay focused on their purpose then they succeed both financially and socially. If your whole company is reminded daily about how to achieve the company’s purpose then you are doing it correctly.

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If you find yourself struggling with those 4 characteristics then SockSeed is here to help you throughout the process. Stay tuned for many more articles written just for you.

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Panayiota Pari