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The Essential Characteristics of Committed Entrepreneurs

Success can be defined in many different ways, but the one thing we know for sure about success is that it is not accidental. Success doesn’t happen overnight. It requires long and hard work. In the end, it all comes to one thing: dedication and the ability to commit to the purpose of your startup.

Entrepreneurship requires hard work, many sacrifices, failures and setbacks. It’s a wild ride. It can’t be taken as a sprint: It is more like a marathon – you should be ready for the long race and prepared to speed up the pace when needed. And here comes the key role of commitment. Without a true commitment many entrepreneurs simply give up.

So, what are the common personal traits of committed entrepreneurs?

Committed entrepreneurs know their main priorities

Truly committed entrepreneurs have accepted the fact that they have to compromise with many other aspects of their personal lives and devote most of their time (if not all of their time) to the business. The important part is that even though it sounds extreme to some people, for the really committed entrepreneurs this is absolutely normal.

Committed entrepreneurs take responsibility

Committed entrepreneurs understand that the failure or the success of their startups depend primarily on them. They are not afraid to take the leadership position and all the responsibilities that come with it.

Committed entrepreneurs take risks

Taking moderated and calculated risks is important in entrepreneurship. Entrepreneurs understand the risk they are taking by starting their venture from the moment (sometimes even before it) when they truly commit to it. They commit to the price they have to pay in order to achieve their goals and build their company.

Committed entrepreneurs achieve their goals

Commitment is very powerful when it comes to goal setting. It gives motivates and inspires the entrepreneurs to keep their persistency and help them overcome all obstacles.

Committed entrepreneurs have vision

Vision is what keeps most entrepreneurs constantly excited about their companies. Driven by vision and mission for innovation, most successful entrepreneurs manage to turn their hard work into really valuable companies despite all the challenges.

─ July 27, 2015