Characteristics of a Successful Business Owner
© Wayhome Studio/Adobe Stock
While there is no magic pill you can take to make you into the next Bill Gates or Sara Blakely (where would we be without Microsoft and Spanx?), successful entrepreneurs and business owners share some similar characteristics that helped them reach their potential. Here’s our list of the top 3 most important characteristics of successful business owners.
1. Preparation
Lucky people don’t make successful business owners, preparation and planning do. Bobby Unser said, “success is when preparation and opportunity meet,” and that statement is as applicable for business owners as it is for NASCAR drivers. Only when you’re prepared will you be able to make calculated risks that could be the catalyst for success!
On the other hand, there’s no way to be prepared for every contingency so don’t take this advice to the extreme. Be prepared, but don’t be too much of a perfectionist if it keeps you from propelling forward.
2. Be Resourceful
The internet is a great place to research new ways of approaching and improving your business. A simple Google search provides websites like edx.org that offer a plethora of free resources to better your understanding of your customers and their needs, along with the innovative changes happening in businesses worldwide. Utilizing cost-effective tools to help you stay organized (like us here at invoice home) can alleviate time for you to place your focus in other areas. Time is money, so invest where it’s most effective!
3. Know Your Limits
When making your dream business model, it’s easy to get carried away with goals and aspirations that are unrealistic. Just like with New Year’s Resolutions, we want to start off the year (or new plan) with a bang and plan for perfection. Unfortunately, life is rarely perfect, and it is necessary for the savvy business person to remember their personal limits and the limits of their business. Take stock of what your you’re willing to modify in your approach and determine what small, or moderate, adjustments can be made to help you reach your objectives. Consistency will be key so once you’ve determined what habitual improvements/changes you can maintain, commit to them!
Thank you for using Invoice Home!
Blog Posts
- REPORT: Delayed Holidays? 1 in 10 Americans Are Planning to Celebrate in 2025 Due to Cost
- REPORT: 2 in 5 U.S. SMB Owners Experienced Feelings of Depression in the Last Year
- What Is An Invoice? The 4 Most Important Elements.
- HOW TO: A Guide to Invoice Home - Features & Functions
- HOW TO: Create Your First Invoice with Invoice Home
- HOW TO: Recurring Invoices - pt. 1 - Steps to Set-up
- HOW TO: Recurring Invoices - pt. 2 - Seeing Sent Invoices
- HOW TO: Recurring Invoices - pt. 3 - Editing and Making Changes
- HOW TO: Recurring Invoices - pt. 4 - Stopping
- HOW TO: Get Paid in a Flash With Payment Links!
- HOW TO: Add More Details to an Invoice by Using the Advanced Form
- HOW TO: Apply a Discount to an Invoice
- HOW TO: Archive Items with Invoice Home
- HOW TO: Send an Invoice
- HOW TO: Use "My Customers" as an Address Book
- HOW TO: Create a Partial Payment
- HOW TO: Create and Download Cash Receipts
- HOW TO: Convert your Estimate into an Invoice
- HOW TO: Use 'My Reports' as Statements
- HOW TO: Add Two Taxes or a Compounded Tax to an Invoice
- HOW TO: Add Taxable and Non-Taxable Items on One Invoice
- HOW TO: Self-Organized Invoicing is Here!
- HOW TO: Copy Invoice Items Quickly!
- HOW TO: Manually Mark Invoices as Paid
- HOW TO: Invoice Customers Faster With the Email Feature!
- HOW TO: Customize Your Invoice
- HOW TO: Copy an Invoice to Create a New One
- 300 Stunning Invoice Templates for a Polished, Professional Look!
- 3 Tips For Enjoying Summer, Even When You Have to Work!
- 7 Ways to Prevent Work-From-Home Burnout
- How to Get a Customer to Pay Your Invoice
- New Year’s Resolutions for Small Business Owners
- Holiday Gifts for Small Business Owners
- Why You Should Use an Invoice Template Software
- Managing & Engaging Your Remote Employees
- How to Deal With Difficult Customers
- 4 Simple Steps to Start Freelancing
- How Your Business Can Profit From Halloween
- You’re Setting the Wrong Goals for Your Business
- How to Get Over Your Phone Anxiety
- Questions to Ask Yourself When Starting a Business
- 4 Steps to Take When Taking on a New Client
- How to Make Your Small Business More Professional
- 9 Invoicing Documents, and When You Should Use Them
- Common Mistakes Freelancers Make
- How to Network Without Leaving Your Home
- 6 Signs That You Might be Ready for a Side Hustle
- 8 Financial Blogs Small Business Owners Need to Read
- How to Prevent Late Payments on Invoices
- Top 10 Countries by Startup Ecosystem
- 5 Reasons To Use Paperless Invoices
- How to Avoid a Toxic Workplace
- Why You Should Upgrade to Unlimited Invoicing
- Tech and Economy: How Tel Aviv became the Start-up City
- The Importance of Customer Service
- 5 Plants to Minimize Toxins & Maximize Productivity
- M-Commerce in Developing Countries
- 9 Ways to Vacation Stress-Free
- How to Get Your Laptop Spring-Ready
- The Truth About Failure
- 5 Women You Should Know About
- The Most Expensive Super Bowl Ads of All Time
- Top 10 Cities for Female Entrepreneurs
- Jobs That Didn't Exist 20 Years Ago
- Gifts for the Entrepreneur in Your Life
- How to Secure Your Small Business
- Unique Ways to Thank Your Customers
- Best Cities to Live in With a Salary of $50,000
- How to Separate Yourself from Your Business
- How to Manage Your Mental Health as a Business Owner
- Books to Read Before Starting a Business
- 5 Ways to Get Loyal Customers
- Why You Should Take a Staycation
- Businesses You Can Start While Working Full Time
- Should Freelancers Ever Work for Free?
- How to Stay Active at the Office
- Best Business Ideas for People Who Love to Travel
- How to Perfect Your Elevator Pitch
- The Best Places in the World to Work Online From
- 5 Businesses You Can Start for Free
- How to Organize Your Desk for Maximum Productivity
- How Your Business Can Profit off the World Cup
- What the Color of Your Logo Says About Your Business
- How to Become a Wedding Planner
- Why Veterans Make Perfect Entrepreneurs
- Why Every Day Should Be "Take Your Dog to Work Day"
- 3 tips For First-Time Freelancers
- 3 Tips for a Stress-Free Vacation
- Spring Cleaning in The Office
- 5 Tips When Starting Your Business
- New to Invoicing
- 3 Tips on Last Minute Tax Filing
- Characteristics of a Successful Business Owner
- Accomplishing Your 2018 Goals
- How to Set and Achieve Your New Year's Goals
- Tips For Boosting Your Productivity
- Motivational Quotes to Get You Through Any Day
- New Flags on The Template Gallery!
- Be Featured on Our Site!
- A Helping Hand on the Road to Success
- How Wine and Invoicing Go Together
- 1st Day of Summer
- A Faster Way to Organize and View Your Documents
- 3 Ways to Wrap Up Your Month
- 5 Activities You Have Time for While Using Invoice Home
- What Invoices and Technology have in Common
- Get an Invoice that Suits You
- Stay organized! Bookmark customers, unpaid.. Here’s how!
- 500 Free Business Logos for You!
- Don't mess with passwords anymore!
- See why the New Invoice Home got a 5 Star Rating!
- 100 Professional Invoice Templates to promote your Brand