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Old 29th June 2011, 04:47 PM   #1
AngelBiz
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Default 5 Must Have Personality Traits For Small Business Owners

Small business ownership is not for everyone. It takes a special human being to own a small business and be successful at it. However, many people jump into small business without giving much thought to what is required to succeed. Their decision is based on the myths that exist out there about owning a small business.

Before you start down the path of small business ownership you need to think long and hard to see if you have what it takes to be a small business owner. We regularly talk to number of colleagues and clients who themselves are small business owners to understand what personal traits make a successful small business owner. Based on this as well as our own experience as small business owners we have come up with 5 traits every successful small business owner needs. Here they are:

Read more - http://www.angelbusinessadvisors.com...siness-owners/

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Old 7th July 2011, 04:18 PM   #2
Landlord
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A good list, although I know several successful small business owners who are actually not that responsible.
Fortunately for them, they were smart enough to delegate the most critical tasks to people who ARE responsible, and sidestepped the issue that way. They structured the business in such a way that they themselves were not necessary to its success, and are now able to enjoy a life free from the constraints of time and money.
I'm jealous!

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Old 7th July 2011, 04:28 PM   #3
trade-show-diva
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Quote:
Originally Posted by AngelBiz View Post
...however, many people jump into small business without giving much thought to what is required to succeed.
On the other hand, if people really know just how much work it takes and they thought really hard about it, I'm not sure how many people would still make that jump.

I like your list, but I'd add a sixth item to it... which is one of my favorite words...

perseverance.

Anyway, nice article, and very much to the point. Thanks for sharing it!

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Old 10th July 2011, 03:39 PM   #4
AngelBiz
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Quote:
Originally Posted by trade-show-diva View Post
On the other hand, if people really know just how much work it takes and they thought really hard about it, I'm not sure how many people would still make that jump.

I like your list, but I'd add a sixth item to it... which is one of my favorite words...

perseverance.

Anyway, nice article, and very much to the point. Thanks for sharing it!
Good point. In fact, I included your sixth trait in the list of 5 additional personality traits. See the thread below..

http://www.smallbusinessbrief.com/fo...914#post146914

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Old 10th July 2011, 03:40 PM   #5
AngelBiz
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Quote:
Originally Posted by Landlord View Post
A good list, although I know several successful small business owners who are actually not that responsible.
Fortunately for them, they were smart enough to delegate the most critical tasks to people who ARE responsible, and sidestepped the issue that way. They structured the business in such a way that they themselves were not necessary to its success, and are now able to enjoy a life free from the constraints of time and money.
I'm jealous!

Cheers,

______________
Brian
Better Business Bureau Review - EZ Landlord Forms
Brian

That's a very good point. Not everyone has all the traits necessary to succeed. You have to hire or partner with someone who can complement your deficiencies.

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Old 11th July 2011, 11:57 AM   #6
trade-show-diva
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Quote:
Originally Posted by AngelBiz View Post
Good point. In fact, I included your sixth trait in the list of 5 additional personality traits. See the thread below..

http://www.smallbusinessbrief.com/fo...914#post146914
Wow... you mean someone actually listened to me, and liked my suggestion??? Aw shucks, I thinking I'm blushing...

Seriously though, I read your follow-up article, and you've got another winner!

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Old 11th July 2011, 04:40 PM   #7
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How about determined? It is a lot of hard work to start and run your own small business and things don't always go as planned.

Have a good support system helps a lot. But also determination is key. Support and determination can be vital.

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Old 11th July 2011, 07:49 PM   #8
AngelBiz
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How about determined? It is a lot of hard work to start and run your own small business and things don't always go as planned.

Have a good support system helps a lot. But also determination is key. Support and determination can be vital.
Denise - Agreed with your assessment. Determination is a necessity for success. You could call it similar to perseverance, which I included in the second list of traits in the follow up article.

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Old 11th July 2011, 08:34 PM   #9
PromotionalGuy
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OK I'm the Devil's Advocate,

First three on your list are a real stretch. Completely disagree with your personal conclusions.

As for children, I have 5 grown children and 5 grandchildren. Guess what, at the toddler stage they do all sorts of impressive things, but concluding one's potential of being a budding business owner due to whether they do or don't need support is premature and has no basis in reality.

Anyone who concludes that when someone doesn't make snap decisions should think long and hard about becoming a business owner is delusional.

Being a former Chief Everything Officer I don't have to know everything. That's why I hired people to let me know what I needed to know, when I asked for it.

Here is were youth gets into a lot of trouble. Seasoned business owners know to wait, watch and weigh the options. That's why we have been in business a long time and weathered all the storms.

Risk Taker, Decision Maker & Organized are personal preferences not requirements or prerequisites to being a successful business owner.

"Pioneers take the arrows, settlers take the land"

Peace and Success to you

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Old 11th July 2011, 10:28 PM   #10
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Well for one trait a business owner has to think that failure is always an option. And a business owner must have complete knowledge of his/her business. He/she must also be tenacious. And i agree on determination.

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