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What Qualities Does a Successful Entrepreneur Have?

If the truth be known, we are all a little envious of the Elon Musk’s of this world; the highflyers who have that Midas touch and if you have designs on joining Mr Musk in the winning enclosure, here are some of the qualities you should possess.

Foresight

While it is not yet possible to know the future, one can gather data and make pretty good predictions; if you had put money into solar 20 years ago, you would be sitting pretty today. Of course, there are a million and one variables that might come into play when predicting how an industry will fare in the coming years. A businessperson who can spot emerging tech and get onboard early is likely to be a winner.

Unwavering determination

Like a bulldog that doesn’t let go once those jaws have clamped down, you need to have laser focus and not be distracted by peripherals. Take Sabri Suby who was on Shark Tank; he created King Kong, a digital marketing agency with a difference and it has been his unwavering grit to smash all the records when it comes to online marketing. Australia can be proud that this success story began here in Sydney and within a few years, King Kong had offices all over the world.

Adaptability

Nothing stays the same and the path to business success always has a few sharp turns and obstacles to overcome. There is more than one way to skin a cat! All business decisions should be based on current information and seeing something ahead of time can mean the difference between success and failure.

Attention to detail

Manage the small stuff and the big things will fall into place; attention to detail reduces the risk of mistakes; keeping your finger on the pulse at all times means you get a heads-up when issues arise.

Customer focused

Whether you fix cars, provide a domestic service or sell online, being customer focused is a key driver to success. Profit should never be ahead of customer satisfaction and if you adopt this mindset, your business will enjoy steady growth.

Of course, life is a learning experience that only ends when we shuffle off this mortal coil and with the right skillsets and traits, you can secure a future for you and your family.

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