Five Common Traits Of Successful Entrepreneurs

By Meeky Hwang, co-founder & Chief Technology Officer of Ndevr.

Over the years, I have met many great entrepreneurs and leaders. After I began my entrepreneurial journey, I voluntarily (and involuntarily) got involved with many groups for business leaders and entrepreneurs. Through this experience, I noticed several common traits that successful entrepreneurs tend to have. 

1. Quick to execute 

Often, there are a lot of ideas floating around during casual social gatherings. This is especially true among great entrepreneurs because most of them are exceedingly creative. In normal situations, these ideas are just “gibberish” or something to laugh about, and the idea dies out after the gathering. Conversely, among entrepreneurs, these ideas can actually become reality.

In one of the entrepreneur groups I recently joined, we had a casual chat about how great it would be to have an event about being an effective speaker. Within a day or two, the group put out a survey about having the event to see who was interested. A week or two later, the group had gathered enough survey answers and set the speaker series webinar. Shortly after the first webinar, the group set up a forum site with the participants.

The speed of the execution was impressive, but I was more amazed that when the need was identified, the execution to present a solution came remarkably fast. 

2. Ready and willing to share knowledge

Most successful entrepreneurs I have met were truly open to sharing what they had learned and would not hesitate to help out others who had yet to achieve their level of success. But I have also seen people who were unwilling to share their knowledge and who quickly categorized others as competitors.

Truthfully, I assumed the latter would be a normal attribute of entrepreneurs. But as I’ve met more and more successful people, I’ve learned that they are the exact opposite. They are ready and willing to share what they have learned and enjoy helping others succeed as well.

3. Open to learning

I recently had a small virtual gathering with business leaders and entrepreneurs. It was very resourceful, and many shared helpful tools and ideas. After the event, we had a chat line open as well as the comment section for the event. To my surprise, everyone thanked each other and shared how much they had learned instead of having the attitude that they “taught others.”

4. Extremely approachable

Being successful sometimes comes with the stereotype of being intimidating. Despite this stereotype, in my experience, a lot of people who are successful are also very approachable and willing to talk. This is also evidenced by the examples from my previous points. 

5. Always on time

Let’s face it: Entrepreneurs are extremely busy. At the same time, they are utterly respectful of others’ time and are aware that being on time for an engagement is actually much more efficient. When they cannot make it on time, they typically notify others before the engagement. 

Although these traits

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How Extreme Sports Sharpened The Business Skills Of These Entrepreneurs

Everyone knows that taking up a sport can good for your physical and mental wellbeing, but away from the sports field it can also help to sharpen some key skills, especially if you’re an entrepreneur. Plenty of parallels can be drawn between sports and business, but as these entrepreneurs have discovered, it’s the adrenaline rush of extreme sports that gives them the edge.

Dealing with setbacks

From snowboarding in Bulgaria, cliff jumping, and kayaking in the Verdon Gorge, France, to water skiing in the Bahamas and attempting to surf in Malibu, Angus Imlach never gets tired of seeking out new challenges.

The cofounder and CEO of integrated marketing agency Sweetshop Media admits that he grew up in a very competitive household where nobody liked to come second at anything.

He says: “I’ve always preferred to seek out new things, tick it off the list and then move on. I also like to challenge myself by pushing boundaries and I love the adrenaline that kicks in when I’m about to try something completely new.”

Imlach sees a strong correlation between extreme sports and the entrepreneurial world, and has on many occasions applied the learnings from his sporting endeavors to his role as a business leader.

“Leading a large team can be an emotional rollercoaster,” he says. “My background in sports helps me stay calm when facing tough decisions loaded with potential risks. In both business and extreme sports, you have to be fast, agile, and strong, both physically and mentally. You can’t be afraid to take risks, try something new, or even ask for help from others along the way. In the words of my favorite Jedi, ‘Do, or do not. There is no try’.”

Managing risk

Ed Reeves has a passion for windsurfing, a sport he learned while growing up in Sri Lanka and went on to teach in Wales to pay his way through college. He planned to make a career out of it and pursued competitive windsurfing in Australia, before opening a water sports shop in the mid-90s. However, his entrepreneurial journey took a different turn and in 2000 he cofounded the outsourced telephone and web communications firm Moneypenny.

“Getting to the top of any sport takes massive determination,” he says. “With extreme sports, that’s mostly self-created. You’re alone on the water, with no coaches and no crowds, just you and the conditions. The same situation applies in business. Starting up can be a lonely place, and often your conviction and drive are the key factors that see you through. When you take a knock, you have to bounce back. In business or sport, it’s the same.”

Managing risk is another area where Reeves, who still windsurfs for pleasure, mainly in Anglesey in the U.K., draws parallels between business and extreme sport.

He says: “In my early windsurfing days I would try to catch every wave possible. It was frenetic, tiring, and frustrating, and I learned the hard way that it

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