13 Psychological Traits For Successful Entrepreneur

Mental Approach to be a Successful Entrepreneur

The young minds are full of energy and adventures, it’s said that the youngsters are the mirror of economic growth. Every country spends millions of dollars each year to get skilled youth. According to a survey around 1 billion aspirants seek employment opportunities every year and only 1/3 of the aspirants get the job of their desire. This leads us to focus on the very important aspect of the unemployment issue, that is faced by the globe. The unemployment is not only the problem of developing countries but also it’s huge pain in the neck for the developed countries to make the regular flow of employment opportunities for their citizens. However, numerous agencies and governments are collaborating to solve this issue, but it can be solved with psychology affecting entrepreneur.

Instead of seeking, start creating for better future

This is the mantra to demolish the evil of unemployment or underemployment from the society. The 90% of the graduates after finishing their college degrees starts to search for job opportunities in big enterprises and stands in the line which already has a long waiting list. This has to change if we want to create more job opportunities, as there is no possible way that already running organizations can accommodate all of us. So its time to take the situation in our hands and start to build your own successful startup with strong psychology affecting entrepreneur future.

I know this might sounds rubbish at the moment and you have no knowledge to start or run an organization. But it’s not a very difficult task to become your own boss. With a proper mindset and focus, there is nothing impossible to achieve. Just need to have a right mental approach and you can nail anything. The Characteristics of a right mindset of an entrepreneur has the following key ingredients.

Dream Big in Small Input

The person should always dream and use his all energy to achieve it. If you dream to be Bill Gates, then you can be Bill Gates. So it is important to dream before making it true. It’s doesn’t matter what resources you have, just dream big and gather your resources according to it. Your psychological thoughts and behavior uplink your entrepreneurial journey.

Delegate the work to others to work hard

It’s not important to do all on your own, as it’s good to have someone with you who can share your workload and dreams. The delegation of task gives mental relaxation and in a relaxed mind, the output can be doubled. Knowing that there is bile of work lined and you have limited time, you will surely get a panic attack, but once you know there is someone presents to work for you. That’s a huge relief. Distributing and sharing the workload with others help to achieve your goal as well as it brings self-confidence in the team involved. This trait is considered as a good entrepreneur skill.

Set High Standard Goal and deliver them

Always set your goals higher than the expectations and put all your energy into it to deliver them. If you got an order to complete under a short timeline, don’t panic and accept the order. Pushing your limits will give you an idea about your limits and the ability to work. The person who can perform under pressure is the true pro.  This makes an entrepreneur to work under pressure and push off the limit to achieve success.

Take a practical approach

Never underestimate your business and overestimating business is a crime. Be practical because you have bills to pay and mouths to feed. So always be ready with plan B.  If you’re starting a business then don’t fully depends upon one aspect keep on looking for better sources of income. Test your different talents because you never know which will open the success window in your life. Steve jobs worked with numerous companies before finding the kick in Apple. So keep on moving until and unless you find the correct roadmap for your entrepreneurship journey.

Map it out

Before making any big investments map out the blueprint of the project and cover all the points in it. Every aspect of the startup plan should be discussed prior and each pro and cons of the venture should be laid down.

Raise your business as a child

Like you love your child and nourish them, but when their adulthood begins you set them free to explore the world. So exactly do same way put everything in your business but when you see it’s better to sell to someone else, then don’t think twice. Don’t stick to it because you love it, and there is no place of sentiments in the entrepreneurship journey.


The fear will give you the business class ticket to the downfall land. Never ever fear and don’t let your fears select your life decisions. Rule your fears and bend them according to your will. The person who let’s fear took over his life will never able to survive in this world of opportunities, as every opportunity is attached to the fear of risk. Empower the fear to become an entrepreneur.

Gratitude is your Attitude

It’s doesn’t matter how successful your venture is or how much money you made this year, a successful person should always stay humble. The attitude of a person should be full of gratitude and should never forget his roots, as the success is temporary but the behavior is long lasting. Always remember who you are and where you came from. Gratitude should be your attitude to showcase your entrepreneurial skill set.

Don’t spend money

The number one rule of the business is never using your own money. Always find investors who are willing to work with you and make a profit out of their money.

Never lose composer

There comes a time when you totally lose your temper during the day, but you need to compose yourself. The business and angry are like nitrogen and hydrogen, never mix them.

Have fun

Enjoy your work and never think about it as a burden. Because if you start to think of it as a burden, then one day it will really become a burden for you.

Fall every day

The person should fall every day and the next day should get up with new force to fall again. In the end, failure will get tied and scum to you.

Always stay creative

The entrepreneur is an artist and always stay inspired. The person should use different methods to stay creative like drawing, music, reading, walking etc.

The journey of a successful entrepreneur’s mindset has different stops but few of the main stops were laid down above to inspire the young generation to think different. The new generation needs to think outside of the box to achieve their dreams. They need to map out their whole future in advance to excel. The inspiring entrepreneurs need to rule out above given traits in their life. I hope my analysis will provide you a solid base for the aspiring future which is waiting for you ahead.

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About Shubham Kumar

Founder @StartupTalky. IIT KGP grad. Learner. Dedicated to the service of the startup Ecosystem. Love meeting people. Let's connect - [email protected]
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