7 Qualities Of A Successful Business Owner

Written by Josh Hines on May 30, 2013 under Startup Business Leadership Blogs
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According to census reports, more than 100,000 people each year become millionaires in the United States alone and most of these millionaires are business owners.

7 Qualities Of A Successful Business Owner

According to recent poll make by Forbes on it’s customer base, most people would prefer to become a billionaire than a Nobel peace prize winner, a great scientist or a famous athlete. Most of today’s modern world focuses on success being the idea of obtaining wealth than being some of importance.

Most business owners have common characteristics, most are natural but others are developed over time with different experiences and challenges in their lives. Knowing these common traits will help you to realize what materials you need to work on personally in order to become a successful business owner.

7 Common Traits Within A Business Owner

Common Sense

Common sense is the most common characteristic found in successful business owners. The ability to take complex situations and problems and turn them into opportunities using only their natural abilities and talents enables business owners to make accurate judgment calls and decisions using their intuition in any given situation.

Specialized Knowledge Of Your Industry

Everyone has heard of the 10,000 hours concept that people strive to obtain in order to be considered an expert in their industry. Any successful business owner has take then time to learn everything about the industry they are trying to get into and if they are weak in any given area they know what they need to learn or person(s) they need to employ to meet that gap in knowledge.

Confidence & Discipline

All successful business owners are extremely confident and disciplined. They hold themselves to higher level than most individuals. They take full responsibility for their successes and failures and realize that their full potential relies on their choices in life. Success business owners have taken the time to develop themselves personally before they acted on their dreams and they know personally whom they are and what they are capable of accomplishing.

Ability To Get Things Done

All successful business owners have the nack of getting things done, they are willing to get their hands dirty in order accomplish something great. They don’t sit back and wait for things to come them; they get out there an make things happen all around them. Success business owners have the ability to spend 80% of their time doing something and 20% planning what they are going to do. They realize that anyone can make a plan but the action they take next is what will actually make them successful or a failure.


Successful business owners have the ability to see a problem and creatively come up with a solution to the problem and they design and implement it into the world. They don’t see problems as roadblocks but simply as hidden opportunities to learn something new and use their creativity to design something new in order to solve a problem.

Leadership Qualities

All successful business owners have the ability to lead a group of people towards a common goal. They have the ability to share a vision that captivates others and gets them on board and wanting to help, in order to be part of something great, new and exciting. Business owners realize and have the ability to keep people motivated and inspired to do their best work in order to achieve something greater that they couldn’t do as an individual.

Self Reliance

Success business owners know that they shape their destinies. They know and take full responsibility for their choices, both present and past, in order to shape the future they want. Successful business owners know whom they are and where they want to go. They realize that it is up to them to make the proper choices and actions in order to gain success and achieve something bigger. They realize that no one in this world is going to just give them a handout and that if they want something they are going to have to rely on their gifts, talents and abilities to make something happen and stay consistent and confident that what they desire will become a reality in time.

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