How to be a better entrepreneur

September 28, 2015

We’ve all got blossoming and developing businesses and many of us probably fancy the idea of being a bit of an entrepreneur – some of us already are. There’s certainly no proven formula for success in the business world but what qualities make a truly great entrepreneur? Can these be established and learned from to allow us to at least grow in our current roles? Here’s some common qualities that are evident in many successful business people across the globe.

Never give up

Maybe this one is obvious but it you want to succeed, you need to develop a thick skin and a very high level of perseverance. Entrepreneurs fully expect knock-backs and failures – it’s all part of the journey. There are countless examples of where this has been the case. Each failure is in fact a learning experience and takes you closer to the right way forward.

Never stop learning

Entrepreneurs know that they can always know more! So they keep learning. This might be from other people or from their own reading and research. Learning in this way allows you to review what you are currently doing and learn to do it better. Getting stuck in a rut of doing things the same way because that is the way you do it, will never help you to grow to your potential. So get reading, listening and learning in a way that suits your daily workload.

Take risks

Many leading entrepreneurs have taken simply enormous risks in order to achieve their goals. We don’t all have to put everything on the line to be an entrepreneur but we do need to take a few well-judged risks along the way. It might be a step out of your comfort zone but what is the worst that can happen and what is the best? We have to overcome our fear of risks if we are to become a better entrepreneur.


Learn how to say no. That might seem a little odd to some, but knowing not to spread yourself too thinly is important if you want to become a great entrepreneur. Establish which ventures and activities are key to your development and stick firmly to them. Don’t be side tracked and know what you want to achieve.

Be an effective leader

All entrepreneurs lead in some way. Taking your team positively with you, actions must be decisive and well thought out. Though be prepared to make decisions without all of the information being available – careful judgement counts for a lot. Use the strengths of your team and learn to empower and delegate well.

Get stuck in

Entrepreneurs are never scared of rolling up their sleeves and getting on with it; all part of the daily grind and graft. Don’t always wait for the opportunities to come to you – get out there and grab hold of them! You’re the one that is responsible for your own success. 


Luke Hodgson

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