Thinking of starting your own business? Besides researching the right niche, and learning about business tools and marketing, you’ll want to work on another key factor that determines your success: personal development.
Having the right character traits and attitudes is crucial in your journey as an entrepreneur. There aren’t hard and fast rules that define successful business owners. But research has shown that many successful business owners share common traits.
Want to know what traits to cultivate and set you up for success? Read on to find out.
Curious and hungry to learn
Every successful business owner is marked by their sense of curiosity. To be successful and great at what you do, you’ll need to be hungry to learn and curious to fill in gaps in your knowledge.
All successful business owners start somewhere. And that means learning from others who are ahead, and who have more experience.
How can you market your products better? How do you know what’s the right niche to go into? When is the right time to start a sale?
In the past, finding answers to these questions is a lot trickier. But with so much information online, it’s now easier than ever to learn from the experiences of others.
You can learn from online courses, YouTube, or read our business blog to get up-to-date information about running an online business!
Being curious will lead you to ask the right questions and learn to implement solutions to your problems.
Want to get free business tips? Get our free downloadables online here.
Willing to take risks (and fail)
The road to success is paved with failures. And every successful entrepreneur knows that.
To find success in your journey as a business owner, you must be willing to take risks and possibly fail along the way.
Experiencing failure is part and parcel of entrepreneurship. And it’s important for all business owners to come to terms with that.
It’s important to make informed decisions that help to grow your business. However, setbacks and hurdles are often inevitable.
To reach your business goals, you’ll first need to have enough courage to take the risks and not flee from failure.
Innovative and opportunistic
Business owners who are always on the lookout for opportunities find ways to make their business stand out from the rest.
It’s easy to follow in the footsteps of others and create copy-cat products. That’s why having a unique selling point will set your business apart.
Want to find new ways to make their products stand out? Here are some questions to ponder if you want to create better products and services for your customers:
1. Is there a need in my industry that isn’t met?
2. What are some common customer complaints across my industry?
3. What am I currently doing that isn’t widely available in the market?
Figuring out the answers to these questions can help you find your unique position in your niche.
Disciplined and self-motivated
If you’re excited and passionate about your work on most days, great! But some days are a little tougher than others.
Choosing to stay self-motivated even when you don’t feel like it is exactly what it takes to set you up for success.
If you’re feeling tired and burnt out, take time to rest and be unapologetic about it. But once you’ve recuperated, you’ll need to have the willpower to get back on your feet!
Here are some great ways to stay on top of your tasks and track your progress:
1. Break down big goals into smaller milestones
2. Create a reward system for yourself so you feel motivated to check off your to-dos
3. Set aside time intended for work and rest to reduce self-imposed guilt or stress from overwork
To be a successful entrepreneur, you need to set up systems that help you succeed!
See also: 10 Must-Know Productivity Hacks for Online Business Owners
Collaborative and value teamwork
You can’t handle everything. And successful business owners are aware of that.
They are aware of their own weaknesses, gaps in knowledge, and skills when it comes to running their business.
As a small business owner, you might not have the resources to hire employees but that doesn’t mean you have to make all the decisions.
Before launching your product, get feedback from customers and loved ones.
Being open to feedback can give you more insights into how you can improve your products.
As your business starts to grow, you can consider hiring employees who have skills that complement your strengths.
If social media marketing is one of your weaknesses, hire or partner with someone who’s great at digital marketing.
Successful business owners are self-aware enough to know about their shortcomings and who they should work with to overcome these hurdles.
It’s impossible to survive in the digital age without being tech-savvy, especially if you have an ecommerce business. The right business tools will help you scale your business and bring it to the next level.
But here’s the tricky thing—how do you know which business tools are right for you?
At Cococart, we know how tough it is for small business owners to juggle between tasks. That’s why we’ve designed a platform that has all the tools you need to grow your business.
From order management tools to discount features and more, Cococart does the heavy lifting so you can focus on making your business awesome.
Your Success is Our Success
Cococart is proud to be a company that puts local businesses first. After all, you’re the reason we’re here. We're on a mission to transform independent businesses to accept online orders. If you are ready to sign up for a free trial simply register your store here, it only takes a couple of minutes.