You can be on Entrepreneur’s cover!

7 Traits Shared by the World's Top Entrepreneurs Everyone has the potential to develop the mindset that has brought success to the world's most ambitious entrepreneurs.

By John Rampton

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Thomas Barwick | Getty Images

It requires some luck to become a successful entrepreneur. But it also takes more than pure luck to hit it big: There's a reason the top founders are as successful as they are. Even with fame and fortune, it takes much more to successfully start and maintain a business.

Those who have formed multiple companies or helped create the highest-impact and most profitable businesses have been successful because of the traits and habits they intentionally cultivated. The qualities they have might seem intrinsic, but they're by no means unlearnable. Successful entrepreneurs spend years refining and practicing their craft, meaning anybody has the potential to develop these abilities with the right focus and effort. Doing so not only helps you run a business, but it also improves your output in everyday life.

Here are seven traits the best founders have in common that can improve your communication, production and leadership -- and can be learned:

Related: Can You Learn Entrepreneurship Or Are People Born With It?

1. An unwillingness to give up.

Starting a business is one of the most challenging undertakings a person can accept. It requires an enormous variety of different energies and efforts, ranging from dealing with logistics to hiring to taking responsibility for others' financial well-being.

Consequently, it takes grit and determination to start a business and deal with these ups and downs.

The best founders refuse to give up. When a situation gets tough, instead of looking for ways out, they embrace the challenge. It's not any easier for them. They're simply more willing to persevere through the stress and sleepless nights to meet their goal.

Related: 10 Quotes on Persistence to Help You Keep Going

2. A deep desire to always question.

There's a reason few people start a business. Beyond the difficulty, it requires looking at the outside world to identify an opportunity. To do that, one has to question the world around her. She has to ask why things don't exist and why reality functions the way it does. Then, she has to capitalize on the opportunities she's surfaced.

The best entrepreneurs do this not only when getting their companies off the ground, but also while growing each day. They have to question their success, internal metrics and norms. This requires challenging fundamental beliefs. It's easier to take things as a given -- we don't need to always exert mental energy or effort to question things. Instead, we can let our automatic processes make decisions for us.

The best entrepreneurs push back on those widely held beliefs. Although it takes significantly more mental attention, they work toward identifying the primary issues of the problems they tackle. Then, they can develop solutions much more creatively and pragmatically.

Related: Why You Need to Always Be Questioning Yourself

3. Long-term vision.

Starting a company that begins to succeed is one thing. Maintaining that success for years on end is entirely different. At a business's founding, one is looking for market opportunities and areas for growth. Once it's begun, though, it's tough to continue looking toward the future.

There are always fires to put out and problems to solve in the present. Dealing with those can be all-consuming. Letting that happen is a common mistake, and it means leaders aren't preparing for the changing world.

There's a reason Amazon has been around and growing for more than 20 years. Jeff Bezos has had a long-term vision for the business since its inception. This vision has led to short-term losses, but it's also sparked decisions that will enable the company to excel for years to come.

Related: A $150 Billion Net Worth Makes Jeff Bezos the Richest Person on Earth and 26 Other Crazy Things We've Learned About the Amazon Founder

4. An ability to get others behind them.

No matter how smart or capable you are, if nobody joins you, you can only accomplish so much. Therefore, getting other people on board is a critical step. The best entrepreneurs are able to effectively communicate their mission and ideas to others.

Running a business means convincing other people to spend their lives -- and, ideally, some of their best years -- working toward your dream. That's a big undertaking. It requires immense skill to articulate a vision. More importantly, you have to be someone others want to work with. How you go after that vision means as much as the vision itself.

Related: 25 Ways to Lead, Inspire and Motivate Your Team to Greatness

5. A deep passion for their work.

Being an entrepreneur requires well-above-average amounts of work and mental energy. Therefore, without intense passion and energy for the work at hand, consistent effort isn't sustainable over time.

The best founders love their craft and the problems they're solving. They don't start a company for the fame or money. They do it because they deeply care about their work.

Related: 7 Tips for Loving Your Career and Working With Passion

6. A deep understanding of themselves.

In order to effectively manage others and handle the necessary work of an entrepreneur, one has to understand herself extremely well. Founders need to know what it will take to decompress so they can recharge in challenging times. The best know where they're weak so those vulnerabilities don't have a negative impact. They also play to their strengths so they can delegate work and utilize others' skills.

An insecure entrepreneur will run into problems managing others and sacrificing control. The best have spent significant amounts of time inside their own minds; in doing so, they're able to maximize their productivity, efficiency and energy.

Related: Why You Must Really Know Yourself Before Starting a Business

7. They can always adapt.

In a rapidly changing world, companies that don't follow suit will fail. Those cultures of adaptation and flexibility tend to come from the top down. When CEOs are open to frontline employees' ideas and willing to change business models when the time comes, their companies last much longer.

The best entrepreneurs are constantly learning and adapting in order to maintain their ventures' success. They also do so to become better people and leaders, making sure they grow as their companies do.

John Rampton

Entrepreneur Leadership Network® VIP

Entrepreneur and Connector

John Rampton is an entrepreneur, investor and startup enthusiast. He is the founder of the calendar productivity tool Calendar.

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

Editor's Pick

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.

Personal Finance

How to Get a Lifetime of Investing Experience in Only One Year

Plus, how day traders can learn a lesson from pilots.

Branding

94% of Customers Say a Bad Review Made Them Avoid Buying From a Brand. Try These 4 Techniques to Protect Your Brand Reputation.

Maintaining a good reputation is key for any business today. With so many people's lives and shopping happening online, what is said about a company on the internet can greatly influence its success.

Travel

Save on Business Travel with Matt's Flight's Premium, Only $80 for Life

This premium plan features customized flight deal alerts and one-on-one planning with Matt himself.

Science & Technology

Here's One Reason Urban Transportation Won't Look the Same in a Decade

Micro-EVs may very well be the future of city driving. Here's why, and how investors can get ahead of it.

Marketing

I Got Over 225,000 Views in Just 3 Months With Short-Form Video — Here's Why It's the New Era of Marketing

Thanks to our new short-form video content strategy, we've amassed over 225,000 video views in just three months. Learn how to increase brand awareness through short-form video content.