7 Characteristics That Successful Business Owners Have In Common

Handling a business could be a very difficult task for any person to have, right?

Well, if you answered yes, then you’re wrong. It’s all because some of us got the same characteristics that most successful business owners have that make it easier for them to manage a business, whether its a big business or small one.

To give you an idea on what I’m talking about, I have listed below the following traits that I think most of the successful business owners these days possess and why you should have them in you too.

Characteristics That Successful Business Owners Have

Great in solving problems

As a business owner, you’re going to be facing a lot of challenges before you reach your business goals. There may be problems that you, yourself, can only solve, that no business partner or employee can.
Problems can mount out fast when you have your own business, that’s why you must be good at solving them, and to solve them fast.
If you can do things on your own and manage to get by most of the obstacles that life has thrown at you before, then there’s a good chance that you could be a successful business owner too.


If you want a good example of a creative entrepreneur, then Mark Zuckerburg is your man. Facebook is the most successful social networking site for the past several years, and they’re still going strong. How do you think they were able to outlast Friendster or MySpace?
It’s because the team or maybe just the man who created Facebook believed that in order for them to be a success; the users must love them and at the same time enjoy using their creation. Even if Facebook does not have a pretty exciting design, it’s still the most well-known social networking site in the world because of their impressive platform and easily recognizable logo.


Now, that I mentioned logos, do you know whose logo is the most recognizable in the world?
Well, it is definitely not Facebook, but the soft drink giant, that goes with the name Coca-Cola. (Source)
coca cola the most recognizable brand in the world
Coca-Cola has been around in this world for about 130 years now, that’s way older than my grandparents, so how were they able to last that long?
Maybe because the people behind Coca-Cola’s success are creative enough to find more ways to promote their product, and that their logo designs are too good not to be noticed by every people in the world. Just look at that nice looking design up there. You can put it anywhere and it would still look appealing, right?


Confidence is key for being a successful business owner. If you’re not confident about yourself, the products or services that you sell, and your business as a whole, then how can other people trust your business?
If you want another example of a well-known business owner who had this characteristic, then Steve Jobs is the your guy. He was so confident on himself and his works that it helped them land the deal that they were seeking for because of him.

inspiring quotes from steve jobs
Steve and his friends were having a hard time expanding their company because they don’t have enough money to fund their projects. That’s why Steve decided to call hundreds of companies and ask them to invest on theirs. Luckily for them, one showed up and believed that Steve Jobs is a great man to invest on.

Why did Mike Markkula decided to give the men behind Apple the funds that they need?
It’s because he saw how confident Mr. Jobs was, and believed that he would do great. The rest was history.

Good at Networking

You can’t do it alone. You’re going to need to get some help and assistance at some point, and one way to do get those is to be a good networker. You need to increase the people that you know, and if you’re lucky your customers could also increase as you make more friends.

I read an article before, but I forgot its link, so sadly I can’t share it with you. The message of that article is simple, the more people you know, the luckier you are, do you agree with that?

Born Leader

If there is such a thing as good leadership, it is to give a good example. – Ingvar Kamprad

Most business owners’ reason for starting a business is because they don’t want to work for others. They want to be their own boss and work on their own time. Unfortunately, one can’t do it all when it comes to running a successful business. You should get some people who can help you out, those people are your employees, and you need to lead them and your business over the hump to succeed.

bill gates a great leader and a rich manBill Gates is a good example of a man having great leadership skills. He started programming computers at age 13, didn’t finish college, but still found his own way to succeed in life. He is now leading nearly 100,000 employees in the company that he started called Microsoft.

Other well-known successful business owners who are great leaders too:
  • Ray Kroc (Founder of McDonald’s)
  • Steve Jobs (Co-founder of Apple)
  • Sam Walton (Owner of the first Wal-mart)
  • Henry Ford (Co-founder of Ford Motor Company)
  • …and many more

Risk Taker

You may already know now that setting up your business is already a very risky thing for someone to do. You don’t have any idea on what’s going to happen to you and your business, and the desire to achieve your goals despite those risks can sometimes be the only reason why you have a business. Which I think is not that bad as some people might think. I really believe that being a risk taker is a pretty good thing.
It’s because being able to face uncertainty is something few people could do. That’s why most of the great opportunities in life are not known unless you decide to try it out yourself and face the risk.
That’s the simple reason why I think being a risk taker is a very awesome trait to have.


When you have a business, you should always be optimistic. You can’t think differently because it may affect your chances of succeeding in your chosen path. It is already a proven that most small businesses would fail in their first three years of existence, but you shouldn’t be affected by that.
There’s still a good chance that your business would succeed, and have a different fate than those who fail, you just need to trust yourself. Having a great business plan and knowing where to put your efforts can help you lead your business over the hump that most small businesses couldn’t seem to get past.


Those are just some of the traits that most successful entrepreneurs have in common from Bill Gates up to Mark Zuckerburg.
They all have failed at some point but because they’re too persistent, they’ve been able to achieve their goals and succeed in their respective lives.

Lastly, I want to share with you this quote I just made up. I hope you would like it.

Anyone can be an entrepreneur, but not everyone can be a successful business owner. (Click to Tweet this phrase)

Do you think you possess any of those traits that successful entrepreneurs have?

Do you know any other characteristics that successful business owners have in common?

Feel free to share your answers and thoughts in the comments below.

Photo Credit: eflon, IsaacMao, and segagman

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  1. says

    Oddly enough, I think it’s been my work trying to make it as a professional actress that has allowed me to grow my blog into a money making venture. I learned confidence and networking through acting, and most importantly, I learned that rejection is part of the process, not a reason to give up.

  2. says

    Being more of a “Risk taker” is something that I need to work on. There are definitely a few things that I have “in the works” right now and eventually I’m going to have to “take the plunge” and stop worrying about the risk.

  3. says

    Love your quote, Mark!! To me, one of the characteristics that a successful business owner must have is perseverance. The willingness to keep on/start over/whatever when the going gets rough. Walt Disney was a pro at this!

  4. says

    I think its interesting Mark that successful people in all walks of life tend to have very similar characteristics. We can all learn something from these people, even if we don’t really want to live like them

  5. says

    I was reading a really interesting book on creativity and innovation the other day (I forget the book’s name). Essentially, the book was saying that innovation is essentially “creative copying”. Einstein didn’t just wake up one day and say eureka! E = mc squared. All innovations are just expansions upon existing information/knowledge.

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