Top Entrepreneur Qualities

Small Business

Small Businesses

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Entrepreneurs’ beliefs about the qualities that made them successful (based on interviews with self-made millionaires):

  1. Hard work (93%)
  2. Being honest and trustworthy (85%)
  3. Enjoyment of work (82%)
  4. Getting along with people (82%)
  5. Taking opportunities (81%)
  6. Being my own boss (72%)
  7. Intelligence (69%)
  8. Being well disciplined and dedicated to success (68%)
  9. Being physically fit and well/employing good people (67%)
  10. Having a supportive partner (66%)

Traits that make for success in a large organization:

  1. Vision

  2. Tenacity

  3. Self-belief

  4. Financial awareness

  5. Political awareness

  6. Hard work

  7. Dedication

  8. Communication skills

  9. Flexibility

The core talent of great managers is an instinct to support others toward success whereas optimism and ego are the talents underpinning all great leadership. These are somewhat contradictory.

Success, whether as a manager or a leader, does not come to those who aspire to well-roundedness, breadth, and balance. The reverse is true. Success comes most readily to those who reject balance, who instead pursue strate­gies that are intentionally imbalanced. This focus, this willingness to apply disproportionate pressure in a few selected areas of your working life, won't leave you brittle and narrow. Counterintuitively, this kind of lopsided focus actually increases your capacity and fuels your resilience.

Leadership and management are both critically important to the ongoing success of an organization, but no, they are not interchangeable. On the contrary, the role of the leader and the role of the manager are utterly different. The responsibilities are different. The starting points are different. The talents required to excel at each are different. And, as we'll see, the One Thing you need to know about one is not only different, but is, in fact, the exact opposite of the One Thing you need to know about the other. This doesn't mean that you cannot excel at both. You can. But it does mean that, if you want to excel at both, or if you want to choose between one or the other as your primary focus, you need to be aware of the difference.

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