Characteristics of Successful Entrepreneurs

| April 23, 2007 | 3 Comments

I have received a copy of the book of Barbara Carey, a successful inventor-entrepreneur who have made millions from products such as hair tools/accessories Hairagami, Motivation Mirror, feminine protection products Dittie, and Friendship Bracelets. She is one of those success stories that we all love to hear — turning a shoestring startup capital of only $6,000 into over $40 million.

In her book The Carey Formula: Your Ideas are Worth Millions, she gave a list of what she thinks are the characterists of successful entrepreneurs. These are:

  • Being Observant = always stay aware of what is going on both in the marketplace and the world around you. Barbara even keeps notebooks where she record her thoughts and what she noticed during the day that she calls her Book of Knowledge
  • Being Emphatic = having an understanding of what people want and need is important to an entrepreneur. Think of products that can make an average person’s life easier, or more fun.
  • Being Knowledgeable = developing an understanding of the marketplace and the competition will go a long way toward success amd save you countless of fruitless labor. Barbara makes it a point to thoroughly scan the retail ailes for products that needs improvement or updating, from prices to packaging.
  • Being a Visionary = you need to have the desire to create a dream, the perseverance to follow it, and the intelligence to orchestrate it.
  • Being Passionately Independent = when you are possessed with a passion for creation and a desire for freedom to be your own boss, you are well on your way to becoming an entrepreneur
  • Being Self Confident = give your ideas your full effort from start to finish
  • Being Persistent = you need to have the persistence to bring your worthwhile projects to market despite all the challenges and obstacles you will face
  • Being Realistic = develop your instinct to know when to cut lose or when to stay on course as some challenges are simply too big, too costly and too risky to continue
  • Being in the Moment = learn from your mistakes and learn from them
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Category: Success Stories

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  1. Anonymous says:

    you go girl!!

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  2. Bhakti says:

    Thank you for the Insight !!!!!!!!!!! Great input and inspration ! I aspire to be a millionaire soon…. I am going to start my own Tour Company soon .. thank you very much for these positive words on a blue day I am having …

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  3. Waqas says:

    Thanks .it is very inspiration for me .With the help of all mighty Allah i will star own business and create the jobs and eliminate the unemployment for the society .

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