characteristics that make you a great small business owner, vector illustration girl looking through a telescope watching the up trend and piggy bank

7 Characteristics that Make You a Great Small Business Owner

Do you ever feel like you’re not a good small business owner? That you don’t have what it takes to be successful? Don’t give up! You’re a great small business owner, and you’re doing just fine, especially if you have any of these characteristics!

Highly Motivated

Great small business owners are highly motivated. They know that no one is standing over their shoulder telling them what to do next. They have to be self-starters, willing to figure out what the next step is to make their small business successful.

Willing to Make Personal Sacrifices

Owning a small business is a lot of work, but if you’re willing to make some personal sacrifices in the beginning, you’ll be set up for success. A lot of small business owners end up working a lot, like nights and weekends, and don’t take many days off. They might also have to miss a family dinner every now and then. Remember, though, you might have to sacrifice a little now for a huge payoff later down the road.

Willing to Make Financial Sacrifices

Sometimes, you might have to make financial sacrifices, too – like using your personal savings to fund your business or reinvesting your profits into the company instead of paying yourself.

Constantly Learning

Successful small business owners know that there’s always more to learn. They’re constantly learning about new technologies and trends in their industries and working hard to improve their skills.

Optimistic

There are times where it might seem like your company isn’t going anywhere. But, if you’re optimistic about the future of your company, you’ll be able to get through the hard times, so you can celebrate when your company hits a major milestone.

Can See the Big Picture

Small business owners need to be strategic thinkers. They can’t just plan what they’re going to do tomorrow or next week; they have to plan for next year or five years from now. So, they have to be able to see the bigger picture when making decisions – just because something doesn’t pay off right away, doesn’t mean it’s not the right choice.

Passionate

Great small business owners are passionate about their company. They use that passion to recruit fantastic employees and sell their products and services. If you’re not passionate about your business, how can you expect anyone else to be?


What did we miss? What characteristics do you have that make you a great small business owner?