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10 Characteristics That Characterize a Successful Company Founder

Being a self-employed entrepreneur - this idea is often based on the desire to be more flexible professionally, to be the forge of your own destiny and to be able to develop your talents and skills freely. That sounds tempting, but there's much more to it if you want to be successful. In order for this idea to become a reality, business founders should have a few important qualities that are essential to success.

Characteristics That Characterize a Successful Company Founder

10 Characteristics That Characterize a Successful Company Founder

1: be a visionary

The vision is the most important thing for an entrepreneur. All successful entrepreneurs - whether Bill Gates, John D. Rockefeller or Ferdinand Porsche - they have one thing in common: They had a vision. They all wanted to change something and have created economic empires out of their one-man companies. Without an idea that you really believe in, you won't get very far as an entrepreneur. This idea is often ahead of its time and is likely to be viewed critically at first, but history shows how much you can achieve if you believe in it yourself.

2: Persuasiveness

In the long run it will not be enough just to be convinced of your own idea. You have to convince partners, customers, investors and maybe the public of yourself and your idea. So you should present your company so convincingly that people want to become part of it. It can also happen that in economically difficult times you have to convince your employees that the company will continue and they will therefore continue to work with motivation. If you cannot spark enthusiasm, it will be difficult.

3: perseverance

Economic success does not happen overnight. Especially in the first months and years it can happen that things do not go as you initially imagined. It is all the more important not to let setbacks and crisis situations persuade you to give up. The search for investors and customers can take a lot of time and persuasion, you will hardly have any free time. But if you adjust to it from the start and work for your company with perseverance and passion, these phases should not be easy to bridge.

4: passion

One of the most important requirements for start-ups is passion. Especially the founding period and the first few years are a phase in which many entrepreneurs fail. Becoming an entrepreneur means that you have to forego a lot before you can eventually reap the fruits of your labor. 
 
Those who find it difficult to motivate themselves to do without and who are not passionate about what they do will quickly come to a point where they give up everything and give up. Passion is necessary in order to be able to cope with the daily challenges and the high workload that comes with running your own company.

5: Creativity and Courage

Successful entrepreneurship is also characterized by the fact that it does not always move on the same, well-trodden paths, but has the courage and creativity to try new things. It may be difficult to convince banks of yourself - then you have to raise money through other investors and convince them. 
 
In the marketing area too, you can perhaps get more attention if you try guerrilla marketing, for example, instead of using run-of-the-mill advertising. In general, quick solutions to acute problems often have to be found - with a creative streak they are found faster.

6: Leadership skills

As long as you work alone, you are primarily responsible for yourself. But as soon as employees are hired, the tasks and responsibilities of the entrepreneur change, because he now has to organize and lead. Here it is an advantage if entrepreneurs already have management experience from previous employment relationships. 
 
If this is not the case, attending special courses in which leadership skills are taught is definitely advisable so that the "boss position" can be successfully assumed. It is important that employees know that they are on They can leave their boss because then they too will perform at their best and thus contribute to the success of the company. Added to this is the fact that as a boss you also take on social responsibility. Good and forward-looking planning is essential.

7: Social competence

Social skills are always of particular importance. It's about being able to convince other people to support you. If you already have employees, a good social climate in the company is particularly important. Arguments and mistrust reduce productivity and create problems for which there is no time. 
 
It is all the more important that you can mediate yourself, listen to your own people and also help with problems. Even as a one-man company, social skills are important. With a confident demeanor, good manners and sociability, investors, partners and above all customers can be acquired more easily.

8: networking

Extensive networking is the be-all and end-all for every entrepreneur. Especially special events such as trade fairs or start-up competitions offer a good opportunity to make contacts, because this is where the "start-up scene" of investors, consultants, potential employees, customers and business partners meet. 
 
Exchanging ideas with like-minded people has enormous added value: You are always informed about the latest trends in the corporate world, receive new ideas and never lose sight of the competition.
Networking in social networks such as Xing, Facebook & Co. should be a matter of course for a successful entrepreneur these days.

9: Industry knowledge

It is of course ideal for an entrepreneur to set up a business in an industry in which he has already been able to gain experience through training or employment. You are then already familiar with the subject and can score points with expert knowledge. Of course, it is also possible to become self-employed in a foreign industry without prior knowledge, but that requires much greater effort. On the one hand, one is more often dependent on the help, opinion and knowledge of others. 
 
On the other hand, you still have to gradually acquire the necessary knowledge through further training and discussions with industry experts, so you have to spend additional time and money. It therefore always makes sense to first become aware of your strengths and then to take the hopefully successful step into self-employment from these.

10: Commercial / business knowledge

Bookkeeping is an area of self-employment that is not particularly popular, but which a successful entrepreneur must be familiar with. In the best case, you have a commercial training or business management knowledge. If you don't have this knowledge, you have to pay expensive external staff such as tax advisors or accountants. So it is definitely an advantage if you can keep these expenses to a minimum in the start-up phase. 
 
As a successful entrepreneur, at the latest when the annual balance sheet is available, one should be able to understand this and thus also the status and development of the company. You can of course hire employees for this later, but you should be able to cope with it yourself before that happens.

Conclusion:

It is not a skill alone that makes a person a successful entrepreneur. It's a combination of different skills, topped by vision, persuasion, perseverance and passion.