The ten traits of wealthy entrepreneurs. What are they and do you have them? Score yourself here

June 5, 2013Post by Laura Humphreys

financial freedom imageOver the past two years I have interviewed over forty successful entrepreneurs.  My criteria for an interview subject is that they must have built and sold at least one successful business.  Many of them have been serial entrepreneurs – having created more than one business and learned many lessons along the way.

As I’ve talked to these people it has become apparent that they all share certain traits that ultimately lead to their success.  If you want to succeed at your business (of course you do), you could do worse than focus on developing the traits exhibited by the rich and free.  Work out which ones you have in abundance and work on the ones you don’t.

Take a look at the traits listed below and grade yourself on a score of 1 to 5, where 1 means ‘not at all’ and 5 means ‘totally got it nailed’, against each of the traits. Don’t feel you have to be close to a 5 score to be successful. This is a reality check to identify the areas you will need to work on as you grow your business.

10 Traits of wealthy entrepreneurs:

  1.  Vision. Rate the clarity of the vision you have for your business when it is complete and you’ve created financial freedom from it.

1                      2                      3                      4                      5

 

  1. Self-belief. Rate your confidence in your ability to build a business that will generate great wealth and freedom for you.

1                      2                      3                      4                      5

  

  1. Passion. Rate your passion for your business

1                      2                      3                      4                      5

 

  1. Being goal-orientated. Rate the clarity of the goals you have set for your business

1                      2                      3                      4                      5

 

  1. Planning. Rate your current plan for a business that will feed you wealth

1                      2                      3                      4                      5

 

  1. Being action-focussed. Rate your ability to take action as needed.

1                      2                      3                      4                      5

 

  1. Determination. How do you rate your determination to succeed?

1                      2                      3                      4                      5                     

 

  1. Willingness to fail. How would you rate your willingness to learn from failures?

1                      2                      3                      4                      5

 

  1. Being wealth positive. How would you rate your willingness to be very wealthy?

 1                      2                      3                      4                      5

 

  1. Giving back. Rate your desire to make a difference through your business

1                      2                      3                      4                      5

 

Review your scores for each of the 10 traits. In which areas do you already feel strong? Which areas do you need to work on?   And what plan can you put in place to lift your game in your weaker areas?

In my book, Liber8 Your Business, I go into more detail about these traits and show you how to develop your strength in the areas you need to.  To be notified of the book launch just click here http://liber8yourbusiness.com/

 

From the desk of liber8yourbusiness. Small business mentors and publisher of Liber8 Your Business: The revolutionary business planning technique that will set every business owner free.

Pre-register for a copy of Liber8 Your Business here: http://liber8yourbusiness.com/

Find out about working with Laura here: http://www.liber8yourbusiness.com/one-on-one-mentoring-programme/