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7 Traits of a Successful Entrepreneur

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7 Traits of a Successful Entrepreneur

At AfriBlocks, our mission is to empower entrepreneurs by giving them a way to work with affordable professional freelance talent. We pride ourselves in helping businesses and entrepreneurs grow and aim to be trusted partner throughout their entrepreneurial journey. 

After working with countless business owners, we’ve recognized that many entrepreneurs are cut from the same cloth. Some traits are common in the most successful entrepreneurs, characteristics that have helped them stand out among the rest. We have compiled a list of these traits to help you decide what to work on to be the best entrepreneur you can be. 

  1. Vision: Every successful entrepreneur must have a clear picture of what they want their business to be. A clear vision makes it easier for business needs to be articulated and goals to be reached. Identify the who, what, when, where, and why to better understand the “how” of your business. 
  2. Passion: If you aren’t passionate about what you’re doing, it’s not worth doing. Putting in the necessary work to bring your vision to fruition is challenging, and without the required passion, it can be next to impossible to build fully. Your love for your venture will also rub off on anyone you enlist to help you construct a fruitful business, thus making them enthusiastic members of your team. 
  3. Tenacity: To succeed, you will need to get tough when the going gets rough. Your ability to persevere through areas that are harder to navigate will separate you from the millions of other entrepreneurs trying to do that same thing. Don’t give up easily. Accept rejection gracefully, learn from your mistakes and adapt to your reality. Sticking with it through tough times will help you reach the promised land more than abandoning it at the first problem. 
  4. Hard work: You must understand that as an entrepreneur, you are no longer an employee. Being the face and decision-maker of your entity may require long hours and advanced thinking. You must be willing to put in the proper effort to take your vision from your mind and actualize it in the world. Of course, you will have the support you need with hired help, but no one can make your dream happen except you. 
  5. Confidence: It is natural to be unsure of yourself as a human being, but entrepreneurs put that to the side and exude confidence as they handle their business. You must believe in yourself and your idea for anyone else to believe in it. The timid approach will yield subpar results. Being confident in yourself and your dealings will take you far. 
  6. Flexibility: It’s unrealistic to think everything will go as planned. Even if you have every detail of your business plotted out, you still must expect some curveballs to be thrown your way. Being flexible with your plans and expectations will help you in the long run. Strategize as much as possible beforehand, but be able to adapt should any unforeseen circumstances arise. 
  7. Good money management: You must be prudent with your budgets to succeed. A good entrepreneur will manage the money they have for their business well and make investments accordingly. Starting out, you may not have the bank to compete with established brands, but there are cost-effective resources at your disposal (Afriblocks being one of them) that you can use to build a veritable business and succeed. 
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