Thinking of starting your own business? Here are 4 Key Traits of Successful Entrepreneurs:
5% inspiration, 95% perspiration? There may be something to that saying, as it is certainly in the execution that businesses turn from being a good idea into a successful and proven entity. You’ll need the drive and determination to see projects through, and to finish what you start even when it gets tough.
Running a business is all about making decisions and dealing with the consequences. You must be able to gather the necessary information, review the options and make quick decisions, otherwise nothing in the business will get done. As the business owner the buck stops with you.
Great entrepreneurs don’t know everything; they’re constantly learning, adjusting, and surrounding themselves with people who know more than they do. Why? Because becoming arrogant will make you lazy, you may miss important threats/opportunities, and ultimately the business will suffer.
Online commerce is all about data. It’s now possible to know our customers and their habits in granular detail, and this can be the make-or-break of an online business. The ability to filter and analyse the business’s key information will help the business owner to know what’s working and what isn’t, and will drive strategies that will both avoid pitfalls and capitalize on opportunities along the way.