You can be on Entrepreneur’s cover!

25 Traits Thriving Entrepreneurs Share The must-have characteristics needed to start, grow and expand your company.

By Nina Zipkin

entrepreneur daily

Entrepreneurs have different backgrounds, interests, education levels and leadership styles but no matter where you start out, all successful business owners have these traits in common. Don't worry if these qualities don't come naturally to you. You can always learn to develop skill sets by being mindful of your weaknesses and setting goals each day to improve on them.

Below are 15 traits successful entrepreneurs have. For the remaining 10, check out the video above.

Related: 9 Things Exceptionally Smart Entrepreneurs Do to Be Successful

  1. Passionate. Do what makes you happy. You can make all the money in the world, but it won't amount to much if you hate going to work in the morning.
  2. Committed. If you don't take your business seriously, then no one else will either.
  3. Organized. A good entrepreneur makes plans, understands they can change but doesn't leave things to chance.
  4. Fiscally responsible. Financial planning is key to starting up and charting your company's progress.
  5. Initiator. Marketing, advertising and social media are big part of making your product and services appealing, but you have to always actively ask customers to make the investment in your company.
  6. Empathetic. Understand who buys your services and products and get to know them better than the competition.
  7. Self-promoter. Network any chance you get, but read a room and don't be an irritant.
  8. Memorable. Try to make a great first impression. When starting up, your spotless reputation and positive image are some of your greatest assets.
  9. Appreciative. Tell your employees and your customers how much you value them often.
  10. Forward thinker. It is important to understands the importance of technology and how staying on the cusp of new innovations can help propel your company forward. When you're starting up, the presentation of a great website can go a long way.
  11. Team builder. You need to have the ability to hire smart, as your team is a reflection of your vision and the company's success.
  12. Skilled. Being a go-to person in an area of expertise can help get the word out about your business fast.
  13. Competitive. Know what sets you apart from the big businesses and make it your signature.
  14. Learner. You need to have a thirst for knowledge. Books, articles, lectures, classes, anything you can do to better yourself will help your company grow.
  15. Approachable. It is important to be available to your employees and customers, but you also need to remember to take some time off for yourself and delegate. Otherwise, that welcoming demeanor may just disappear.

We want to hear from you, what do you think great business owners have in common?

Related: 5 Fail Proof Ways to Become Irreplaceable

Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at Entrepreneur.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

Living

Get Your Business a One-Year Sam's Club Membership for Just $14

Shop for office essentials, lunch for the team, appliances, electronics, and more.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.