Do You Have The Personality Of A Great Business Owner?

If you’re tired of working for a boss on a minimum wage and instead want to branch out independently, you might be thinking about setting up your own business. But before you take the first steps towards this goal, it’s important to ask yourself one question. Do you have the type of personality that it takes to succeed here?

Business owners who have already found success running small companies tend to display a number of personality traits. So, let’s find out if you match the description.

Budget Orientated

When you’re running your home, are you constantly focused on the budget, keeping your spending in order and making sure that your finances don’t grow out of control? If so, you could be perfectly suited for success as a business owner. It’s no secret that businesses have to constantly be aware of the cost and the costs we’re talking about far exceed the basic weekly shop. Your marketing budget, for instance, could easily grow to a few hundred a month. Business owners who already have skills keeping the costs in check and finding the cheapest way to do something while still maintaining quality are the ones most likely to succeed on the market.

Follower Or Leader?

Hopefully, you’re a leader, a strong player on the market who is ready to take the reins of the company and the team that come with it. You might think that if you are running a company as a solopreneur, you don’t need leadership skills, but this isn’t true at all. It’s important that you are a strong leader even if you’re flying solo on the market. Business owners who don’t hire employees still need the help of others, and they usually get this by outsourcing. That’s great, but if you’re outsourcing, you have to be ready to lead the business that you’re using and adopt a strong stance in deals as well as business contracts. Otherwise, they’ll walk all over you. Thankfully, you can get an organizational leadership Bachelor’s degree online that will teach you everything you need to know about being a strong leader. As such, this isn’t something that has to necessarily come naturally to you.


You need to make sure that you are determined to succeed on the business market because there will be plenty of obstacles in your path. For instance, you will have to be ready to overcome the issues of rejection. Before you get the support from customers or investors that you need to make your company a hit, you’ll find that a lot of people reject your business completely. As such, it’s worth knowing that you can take this type of treatment.


Last but not least, you need to have a lot of confidence in who you are and what you can bring to the table or indeed the market. Without the right level of confidence, you won’t be able to get the support you need because individuals only want to buy a product from a company that they know are a strong player on the market.

So, do you have these personality traits? If so, it might be time to open up shop.

Photo: Bruce Mars

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