Character Traits of Successful Small Business Owners

10 Common Character Traits of the Entrepreneurs Behind Successful Businesses

Before reading the text make sure that you know the words and expressions listed below. Consult the dictionary if necessary.

remarkable	competitiveness	to border on
define	determination	to overcome the challenges
entrepreneurs	target	passion
rise to the top	to set goals	to incorporate into
common	confidence	to be passionate about
powerful	to instill trust	savvy
driven to succeed	to facilitate respect	to make smart decisions
to call for	steady	to build a team
self-reliance	input	to give credit
up and downs	resilient	to accept constructive criticism
setback	to bounce back	to keep their feet on the ground
responsibilities	to wear many hats	to block out distractions
a key trait	perspective

There may be a hundred remarkable character traits that define you or your favorite successful small business owner. When you compare the entrepreneurs behind successful small businesses, however, a handful of traits rise to the top.

Here are some of the most common and powerful character traits that describe small business owners who have started successful businesses.

1. Driven

Most small business owners are driven to succeed; they want to see their businesses grow, from startup to established business. Drive is a very common characteristic among successful entrepreneurs because starting a business can be challenging, and some challenges call for a moderate amount of competitiveness, determination and motivation.

2. Goal-Oriented

Drive can take a small business owner far, provided there is a target to be reached. Without SMART goals and the ability to focus on the actions required to reach those goals, success can be elusive. Most successful business owners take time to set goals so they have clarity about where they are going and how they intend to get there.

3. Confident

Confidence is a very powerful character trait that can instill trust, facilitate respect, and often lead to increased success. The most successful business owners have a steady, quiet confidence that doesn't border on arrogance or egotism.

4. Passionate

It can be very difficult to overcome the challenges of starting and running a successful business without a true passion for your work. Some of the most successful small business owners have either directly developed businesses based on their passions, or they are able to incorporate things they are passionate about into the day-to-day operation of their businesses.

5. Budget-Minded

Since a significant part of business success can be related to financial success, most successful small business owners become very savvy at creating budgets and sticking to them as they manage the operation of their businesses. This ability to know what funds you have available, where to reduce expenses, and how to make smart decisions when it comes to spending can often determine the success of a small business.

6. Self-Reliant

While building and managing a team may be an important part of some small businesses, many successful entrepreneurs also have a defined self-reliance. The ability to think and act independently, without the input of others, is a very common trait among successful small business owners.

7. Humble

Many entrepreneurs may be self-reliant, but the most successful are also able to ask for help when they need it, give credit where credit is due, admit when they are wrong, and accept constructive criticism. These small business owners have an ability to keep their feet on the ground during even the most satisfying accomplishment, and never forget where they started from.

8. Resilient

Being a small business owner comes with its up and downs; there are victories, setbacks, chaos and calm waters. The most successful entrepreneurs are those who are resilient and able to bounce back after an unexpected challenge and get back up after facing a setback.

9. Focused

Many small business owners handle a vast array of responsibilities in their businesses, wearing many different hats during the course of the workday. The ability to block out distractions and focus on the immediate issue, task or goal as well as the bigger picture can be a key trait in a successful entrepreneur.

10. Open-Minded

While focus is an important trait found in most successful small business owners, it's also important to keep an open mind and consider different perspectives. Small business owners who are willing to consider alternative ideas and try new processes may be more likely to reach significant levels of success.

Family Life

Before reading the text make sure that you know the words and expressions listed below. Consult the dictionary if necessary.

household

define

dwelling

contain

generations

spiritual

cohesion

advancement

ever-wider

fertile

acquires

praiseworthy

virtues

inheritance

responsibility

forfeited

offspring

sustain

humble fellowship

embracing

defer

solace

A family is a household of people related by blood or marriage. More specifically, we can define a family as husband and wife (or one parent), with or without never-married children, living together in the same dwelling. A household may contain more than two generations of people.

1. PURPOSE OF FAMILY

The family is given great importance as it should form the basis of both the individual's spiritual development and happiness, and society's cohesion and advancement. It constitutes "as the bedrock of the whole structure of human society". Attitudes and relationships developed in the family, when transformed to ever-wider circles of the community, can have a direct bearing on the order, peace, and wealth of an entire nation.

The family provides a fertile ground to nurture children, the future adults, to love the Creator, to become spiritually minded, to "conform to the rules of good conduct," to acquires "all the graces and praiseworthy qualities of humankind," amongst other virtues.

2. STRUCTURE AND NORMS

There is only a general sketch that defines the structure of the family. We suggest that the extended family, rather than the nuclear family, will be the norm. The distribution of inheritance, for instance, suggests the importance of the extended family.

Although the father is the "head" of the household, both parents carry the authority and primary responsibility for the family. The mother, as the "first educator of the child", occupies the most important position during the early years of family life, responsible for the spiritual and material education of her children. She should "nurture the health" of her children and guard them from disease". The mother has the right to be supported by her husband, while he has no such rights.

The husband's primary responsibility is to "provide for and protect the family". Fatherhood is forfeited when a father fails to assume these responsibilities.

Children have the duty and moral obligation to obey their parents. Children will not learn to obey their Creator and to be good citizens of their country, if they do not obey their parents. The eldest son, in particular, has the moral obligation to see to the needs of his mother and her offspring. Each member of the household has prerogatives. If their rights and prerogatives are not maintained, it is impossible to sustain the unity of the family.

Relationships within the family should be characterized as "not dictatorial authority but humble fellowship, not arbitrary power, but the spirit of frank and loving consultation. While embracing advanced societal goals, family relationships appear to affirm traditional norms. For example, daughters must be trained to become "more self-effacing, more humble, and will defer to and obey their parents and forebears, and be a comfort and a solace to all"