General
6 Key Traits that Successful Business Owners Have
Being in the business of buying and selling businesses in Durham, there are so many conversations that our team has about what makes a successful business owner. There are so many great articles available online.
But, our team at Sunbelt Business Brokers of Durham has seen a few key traits and habits that our most successful entrepreneurs have.
5 traits or habits that most successful business owners have are:
- Up Early or Up Late: Most successful business owners have time to themselves each day, before their clients are up, that they are working on their business. They are considering new marketing trends or making plans for their businesses.
- Don’t Fear Competition: When we hear about one of our competitors, we all get a little nervous. But, the best business owners know to not fear their competitors. They develop relationships with their competitors when possible and collaborate well.
- Identify Their Weaknesses: We all have weaknesses. But, great business owners know what their weaknesses are and plan for them. Whether they choose to delegate these items or remove them from their businesses, they have a plan.
- Saves Time on Small Decisions: The small decisions can bog down any business owner. The most successful entrepreneurs don’t waste too much time on small decisions. They put the size of decision in perspective and make it quickly.
- Says No Frequently: As business owners, we all get approached by new vendors on a regular basis. Sometimes, almost daily. A successful business owner knows what they need and doesn’t say yes to every vendor. They research and choose their vendors carefully.
- Personal Time: Even through great business owners are hard at work throughout the day, they take personal time to recharge.
If you are researching and preparing to become a business owner in Durham, congratulations! It’s an exciting time! If you are considering purchasing a business, we would love to help you. Contact our team at Sunbelt Business Brokers of Durham.
