LEADERSHIP

What Separates Successful Business Owners from Less Successful Ones?

What Separates Successful Business Owners from Less Successful Ones?

Gallup studied 2,500 entrepreneurs to understand the actions and decisions that lead to bigger, more valuable businesses. One of the many things they discovered is how the psychology and innate talents of the entrepreneur affect business outcomes. These talents are predictors of business success – and in my opinion apply to leadership teams in all types of companies as well.

Leaders who want to uncover the people with the right makeup to build and sustain a business should read on …

The 10 talents of successful entrepreneurs (with links to more details), based on a study of 2500, are:

  1. Business Focus: You make decisions based on observed or anticipated effect on profit.
  2. Confidence: You accurately know yourself and understand others.
  3. Creative Thinker: You exhibit creativity in taking an existing idea or product and turning it into something better.
  4. Delegator: You recognize that you cannot do everything and are willing to contemplate a shift in style and control.
  5. Determination: You persevere through difficult, even seemingly insurmountable, obstacles.
  6. Independent: You are prepared to do whatever needs to be done to build a successful venture.
  7. Knowledge-Seeker: You constantly search for information that is relevant to growing your business.
  8. Promoter: You are the best spokesperson for the business.
  9. Relationship-Builder: You have high social awareness and an ability to build relationships that are beneficial for the firm’s survival and growth.
  10. Risk-Taker: You instinctively know how to manage high-risk situations.
  11. Here’s the original Gallup article that includes a link to the innate traits.

Contact me to discuss and uncover these talents within your business and leadership team.

All the best
David


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