5 Traits for Successful Entrepreneurship: Do You Have What It Takes?

The road to self-employment can be long. It isn’t easy to give up on the steady pay-check or to quiet the voices of nay-sayers.

If you have a dream and are serious about the idea of becoming self-employed I encourage you to examine your personality traits and characteristics. This will ensure you have what it takes to be successful in your venture.

Below, I have listed what I believe to be the top 5 traits required for successful entrepreneurship.


Ambition, in my opinion, is the desire to distinguish yourself from others in your industry. It creates the inner fuel that helps drive you toward your vision. Ambition is the ability to go beyond your dream of becoming an entrepreneur to actually going ahead and developing the business plan.

Ambition will see you through successful entrepreneurship because the ambitious desire to succeed and distinguish yourself will continue to move you forward to achieving your goals.


Drive is the self-motivation that sees you through the challenges and drives you forward to success. As an entrepreneur, you are driven to achieve your goals by whichever means possible. This could mean having the drive necessary to complete additional training and professional development or the ability to work longer hours when necessary.

A driven person is someone who ensures the task at hand is done, and done well.


As any small business owner will tell you, ingenuity is paramount to setting yourself above the competition. You have to creatively think about a situation or solve problems in a clever way. It is a skill set to being resourceful.

As an entrepreneur, you will need to be perceptive and intuitive about things. You will need insight into what your customers want or need and use your ingenuity to understand how to leverage and market your business.


The ability to make adjustments in response to the changing needs of your customer, market or industry is a must. Let’s face it, very few entrepreneurs find the right strategy from the beginning without having to make tweaks along the way. You need to make sure you have the ambition and drive to adapt to your customers needs. As your business continues to grow, you will continuously make changes to your products or systems.

Having the skill set to adapt quickly to situations and events ensures a much smoother operation as you masterfully grow your business.

The Capacity to Say ‘NO’

This is probably the most challenging trait for any business owner. As an entrepreneur, you have to use this two letter word more often in order to drive your business. You will say ‘no’ to friends and family seeking free services or products (recommended because you can’t make money working for free). You will be saying ‘no’ to many family events and extracurricular activities if they conflict with your business hours.

As you become more successful, people and/or organizations will approach you for advice and services at a discount. This is where your capacity to say ‘no’ will come in handy.

5 Traits Combined

To be a successful entrepreneur, ambition and drive will get your business off the ground. Ingenuity, adaptability and the capacity to say ‘no’ will effectively keep your business moving forward.


Skye Berry-Burke is a careerpreneur, entrepreneur, mompreneur, and dedicated career pro. Learn more about her small business at SkyeIstheLimit.ca.

If you are seeking customized support to help you transition – or thrive – at becoming an entrepreneur, CareerPreneur Partner’s can help. Contact us at info@careerpreneur.ca

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