Accounting Blog

Are you considering starting your own business and diving into the entrepreneurial lifestyle? Even with the passion, drive, and determination to run your own business, the reality is the entrepreneurial lifestyle is not for everyone and not everyone has what it takes to succeed. So how can you determine if you have the right skill sets and traits to make it as an entrepreneur? Here we’ll dive into the 3 must-have qualities every entrepreneur needs to possess to succeed.  

Solid Work Ethic to Drive Success

If you love the 9 to 5 lifestyle, prefer following orders, or enjoy having a set schedule, you’ll likely struggle as an entrepreneur. Ask any established business owner and they’ll tell you that they worked around the clock to get their business off the ground. To be a successful leader, you need to be a self-starter who has a solid work ethic based on good habits and certain principles. Sure, hard work is essential, but it also takes determination, confidence, motivation, discipline, and perseverance to build a business from scratch and grow it. You also have to be 100% responsible for your actions and be willing to do whatever it takes to push your business forward (working late, skipping events, and putting the company first).

Go-Getter Mentality

When you run a business, you need to be ready for anything, and that includes failure. What separates a successful entrepreneur from the rest is the person who can get back up on their feet and keep pushing through. That’s why a go-getter mentality is a must-have quality for entrepreneurs. You need to be someone who is highly motivated, loves a good challenge, is incredibly resourceful, and a bit of an opportunist who is constantly looking for new solutions and ways to get ahead and maximize gains. You need to see failure as a success story waiting to happen and be motivated by a good challenge.

Flexible

Successful entrepreneurs have a clear vision but can be completely flexible in their approach. When it comes to running your own business, you need to be comfortable with constant change and remain open-minded. Effective entrepreneurs know how to face these unknowns, as well as their fears, and can figure out how to get past any challenges they may encounter. They also know how to develop systems and processes to simplify and better manage their workload and team.

Take it from entrepreneur and business owner, David DiNardo, who started Envolta. Starting from the ground up, he built Envolta to become one of Ottawa’s fastest-growing accounting firms on the OBJ’s 2018 list. How did he do it? With hard work, determination, and one goal in mind – to help other businesses reach their goals by leaving the accounting to them. David and the Envolta team have become an entrepreneurial success story overnight. Check out what David has to say about having what it takes to run a business and becoming an entrepreneur in his latest Facebook Video

If you have what it takes and you’re ready to get your business started, Envolta can help. We’ll take the bookkeeping and accounting off your hands so that you can focus on what matters most – growing your business. Our systems are designed to help you have more free time, while also ensuring that your processes are compliant with all government regulations (essential to any startup). Learn more online or contact us today for your free consultation.