You’re thinking of starting a business. What qualities do you need to make it successful?

Resilience, persistence and passion. I've started my owm project back in 2015 and this 3 things was the most important skills i needed do get throw challenges.

In order to make your business idea successful, you need to strongly believe in it and be prepared to put in the hard work. Grit and resilience are a must as are the ability to unlearn what you've learned (as you may be proven wrong a few times along the way), adapt creatively, be fair to everyone and a very important one in my opinion - have excellent communication skills. Something clearly communicated lands the right way and avoids confusion and problems. Some leaders have got the passion, the grit, the vision but unless they're great communicators, they will struggle to get people onboard.

The first thing is to realize you have much to learn. Be teachable and open to learn from other successful leaders in the same field. Find a coach and a mentor. Then decide to be successful and don't be afraid to fail. Define your definiteness of purpose clearly and pursue it with a passion as if it is the air you breathe and water you drink.

5 important tips that require constant reinvention-attention, in a rollercoaster enterpreural journey, from a hundreds failures ( ?100) #OR minus events to a plus success event capture (+001). 1. Start small 2. Dedication +, dedication ++, and dedication +++ ... 3. Process 01, process 02, and process 03... 4. Increase manpower according to the business conversion rate & budget. 5. Start learning - using all setbacks as a great lesson. #dedication #process #resilience #flexible #dna #focus #thrive #nevergiveup

Consider the ability to strategically plan and execute, a strong sense of financial literacy to manage and grow your business's finances effectively, the ability to identify and seize opportunities in the market, and the foresight to adapt to industry changes and technological advancements. Additionally, focusing on customer satisfaction and building a loyal customer base is crucial. Cultivating a positive company culture that attracts and retains talent is also important. Finally, having a clear value proposition that differentiates your business from competitors can set the foundation for long-term success.

I think willingness to Take Chances. Successful business owners are not afraid to step out of their comfort zones. They embrace calculated risks and understand that failure is often a stepping stone toward success. While it’s essential to have a vision for your business, never lose sight of your customers. Thriving businesses prioritize their customers’ needs and create a culture centered around delivering value

To start a successful business, you need to understand your market and develop a solid plan with financial projections and marketing strategies. Good financial management is crucial, as is building a strong network of advisors and a team. Be prepared for hard work, take risks, stay updated on industry trends, and embrace lifelong learning.

You need the foresight, courage & honesty to identify your exit strategy from the very beginning and continuously work towards it thereafter.

You need some of all of the six things mentioned. It’s really important to have a support network too. It can be lonely striking out on your own, and many times you’ll doubt your decisions and ability. But know that all founders have moments like that. Find yourself a mentor that keeps you in touch with why you’re doing it.