6 Essential Traits

Before exploring specific franchise opportunities, aspiring entrepreneurs should be sure they possess the following six essential traits:

1. Have a clear vision for the business.
A clear vision is the foundation of a smart owner’s entrepreneurial game plan and ensures that he or she stays on track even when the inevitable tough challenges arise.

2. Communicate goals and motivate others.
Successful owners surround themselves with people whom they trust to criticize their ideas, contribute to their vision and generate results.

3. Set timetables.
Much as President John F. Kennedy outlined a goal to put a person on the moon by the end of a decade, business owners must be similarly motivated to set deadlines and hold everyone accountable in order to accomplish big goals.

4. View setbacks as opportunities for improvement.
A setback represents a step toward a goal not a reason or excuse to give up. Every setback creates the chance to learn and improve.

5. Stand apart from the crowd.
Strong leaders know that they will not receive unanimous support for all decisions. There will be naysayers, people who try to pull them down and those who think they're crazy.

6. Focus on continual learning.
Successful owners view every business experience as a lesson. The best entrepreneurs are lifelong learners and use past experiences to build businesses not resumes. No matter how long an entrepreneur has run a business, new ways for improvement always emerge.

Source: entrepreneur

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