10 Qualities Every Entrepreneur Should Have

Ten qualities every entrepreneur must have

Written by Johnson Temiloluwa

Johnson Temiloluwa is many other things creative but, first a storyteller laced with simplicity. Times when she’s not writing, she is watching movie or thinking of how to get plantain.

March 6, 2021


In a world where everyone now looks to be a CEO how can you stand out from the crowd? I know a good dish for successful and outstanding entrepreneurship, I’m sure you are interested in the recipe. Let’s dive into those qualities every entrepreneur should have.

Maybe a cup of this or that and a mix or whisk of the other makes a dish, sometimes it isn’t always straightforward. However, 10 qualities are necessary for every entrepreneur to possess to have a successful journey. Mix them however you want to, just make sure they are all in the mixture.

Read: What To Do When Someone Asks You For Free Services

Top 10 Qualities Every Entrepreneur Should Possess

1. Honesty

Honesty is the first chapter in the book of wisdom

Thomas Jefferson

Honesty is truly the best policy. This takes the to spot amongst the qualities every entrepreneur should have.

How honest are you with yourself? How honest are you with your clients? How honest are you with your achievement? How honest are your products? Are you the entrepreneur that shows customers a quality picture but delivers a sub-standard one? How fair is your pricing?

Honesty involves positive and virtuous attributes such as integrity, truthfulness, straightforwardness, including straightforwardness of conduct, along with the absence of lying, cheating, theft. Honesty also involves being trustworthy, loyal, fair, and sincere.

Be all of these things and your entrepreneurial journey will thank you for it.

2. Resilience

I call this elasticity.

How elastic can you get?

This is a trait that you should have if you want to journey into entrepreneurship. Look at the top entrepreneurs—Elon Musk, Steve Jobs, Folorunsho Alakija, Tony Elumelu— their success stories were built on their ability to keep pushing.

When life troubles come knocking when sales levels are dwindling and processes arent working; do not stay down and refuse to bounce back. Be elastic. Life is not always linear.

3. Good Listening Skills

If you want to be a successful entrepreneur, you should probably learn to not just listen but listen actively. Listening is a highly sought soft skill and entrepreneurs with this quality can understand their customers and build strong relationships with them.

Good listening skills also allow you to learn about your industry and product through feedback; which gives you the ability
to improve.

It is an inevitable quality every entrepreneur should have.

You can learn how to be a great listener here.

4. Patience

Some people were born patient while some people just have a high tendency of getting angry; these types of people are the ones that need to cultivate how to be patient. Being patient is beneficial especially to you as an entrepreneur. It strengthens your ability to control your reactions, enables you to keep calm in times of hardship, and prevents you from losing people (team members or clients).

It will also ensure you stay committed to the goal, even if it seems unachievable. Remember, Rome wasn’t built in a day.

5. Courage

This is strength in the face of fear, grief, loss, failure, or confusion. It is a quality that makes a worthy entrepreneur.

Courage is taking a decision even in the face of fear. It is the ability to take calculated risks that makes good entrepreneurs stand out from the crowd.

6. Time Management

Personally and professionally, having control of your time is an essential part of productivity. The ability to manage your time is proportional to how you maximize profits and potentials. You might have a truckload of work, shuffling and managing your time all through determines how efficient you sort all of the things you need to do out.

You can check out ten tips to enhance your productivity here.

As an entrepreneur, managing your time appropriately also keeps you organized as you have time allocated to different things that you plan to do. Life is easier to wade through when it is organized.

7. Good Networking Skills

People are essential to your growth as an entrepreneur and that’s why you should set out to meet people. This doesn’t mean walking down the street to stalk or harass people.

Go to places that align with your goals and what you want to make out of life and talk to people that interest you.

A maxim that applies here is; your network is your net worth.

Meet quality people that will add value to your life. The ability to be a good networker is one desirable quality that helps entrepreneurs build meaningful and profitable connections.

8. Passion

I am passionate about photography, writing, and frying plantain. I love doing these three things. These are what I am passionate about and I have turned them all into a source of income. What are you passionate about?

There’s a rush of emotion that comes with creating or doing what I love, the thrill and passion are there and it makes me effective and responsible for something.

Passion is a universal quality amongst entrepreneurs. Try thinking about something you love and inject passion into it. Passion helps you to keep pushing even on days when profit hits rock bottom.

9. Adaptability

Failure to plan is planning to fail but sometimes, plans fail too. Things don’t always go the way we want them to and that is sad and unfortunate.

But, on this road to success, as an outstanding entrepreneur, changing at a turn that has failed and adapting to situations that arise is vital.

Adaptability was added to the characteristics of living things and it wasn’t a mistake. Things can change even when you have a perfect business plan, so what do you do? Adapt.

10. Be Valuable

The quality of an entrepreneur is in the value they have to offer. Why should anyone want to talk or network with you? Why would anyone want to buy your product? Why should anyone listen to you?

Just like the millennial men say now in their quest for a wife, “what can you bring to the table?” Make people feel your presence and let them be sure that you have a thing to put on the table or you have the table itself.

Make your product one that solves a problem and offers high value. People only connect with people that they can gain or learn from. So also people buy things that are valuable to them. Figure out the value you can offer to people.

These are the top ten qualities every entrepreneur should have. What do you think of them? Did I leave anyone out? Tell me in the comments section.

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