The attitude of the business owner largely impacts the business. According to Entrepreneur.com, business owners must have a positive attitude and accept complete responsibility for the results of their business. Accepting responsibility allows the entrepreneur to make changes when necessary and not displace blame on staff or other factors.
Choosing to become an entrepreneur is quite vague. A business owner must have a specific business or goal in mind. According to MarieClaire.com, a discussion among a group of entrepreneurs ended with the advice: follow your passion. Money and a business plan are only factors; the desire to achieve a specific outcome is the real motivator for success.
Reaching a goal demands some element of discipline. For entrepreneurs, this factor is especially important. Starting and running a successful business takes time, planning and patience. An entrepreneur is ultimately responsible for the success of his business; therefore, he should expect to work, especially in the beginning, more than anyone else to ensure success.
Every year, thousands of new business and ideas surface. Successful entrepreneurs know how to set themselves apart from the competition. WiseTechnology.com uses Galileo's invention of the telescope to illuminate how an individual must take existing technology and improve it. When Galileo invented his telescope, a Dutchman had already created one, which inspired him. Galileo created his own improved version and found greater success.
People tend to find what they focus on. Successful business owners should focus on success and pretend that failure is not an option. In truth, even when a business does badly, it has only failed if the entrepreneur thinks it has.
A common thread among many successful entrepreneurs is experience. This may mean working in the field prior to starting a business. Bloomberg.com reports that entrepreneurs ranked experience, successes and failures as the most important factor in their business's success.
Flexibility is important because entrepreneurs rely on outside factors such as market, clientele and economy to flourish. Business owners who can seize opportunities and recognize trends will find greater success in a dynamic market.
Successful entrepreneurs are a great, and often untapped, resource for advice. MSN Money recommends universities or alumni networks for connecting with potential business mentors or visiting websites like SCORE.com, which offers a mentor network of over 10,000, mostly retired, entrepreneurs around the country.
Action is imperative to entrepreneurial success. Bill Gates, co-founder and chairman of Microsoft Corp. recommends taking action immediately when you have a good idea.
Many entrepreneurs who thrive are innovative. Introducing new and different ideas may elicit negative feedback, but business owners must persevere. Donald Trump, chairman and CEO of Trump Organization, advises aspiring entrepreneurs to avoid their comfort zone.