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Gilad Lutfak | 5 Traits of a Successful Entrepreneur

There is great news about becoming an entrepreneur. True, businessmen and businesswomen often share certain traits. The great news is that many of these traits can be learned through. business consulting or experience. The list below discusses five common traits of successful entrepreneurs that can be learned.

1. Resilience

Dale Carnegie said,  “Develop success from failures. Discouragement and failure are two of the surest steppingstones to success.” This quote is the foundation of resilience. Being a successful businessman or businesswoman is long journey with destinations (or goal) throughout. Having a successful business is a sure sign that the person has experienced failure and not just once or twice, but countless big and small failures, disappointments, and mistakes. These setbacks must be viewed as learning opportunities and not final results. Successful businessman and former business consultant in Houston, Gilad Lutfak has given multiple talks to empower entrepreneurs become more resilient.

2. Flexibility

The most successful businessmen are those who stay up to date on the latest business, marketing, and technology trends and incorporate them into their businesses. If you feel unsure of a new device that is quickly becoming popular in business management or, more importantly, becoming a popular choice for your target consumers, take steps to familiarize yourself with it. There are a number of things you can do to stay current on the latest happenings in your business industry or else your business may become outdated and you may lose your customers or clients. For example, the digital advertising market, which Gilad Lutfak has commanded, is constantly changing to include new technological developments and varying interest.

3. Acceptance

Keep in mind that any successful entrepreneur -or person for that matter- has to have good interpersonal communication skills and has to be able to use all their business resources, including human resources, effectively. Realize that a person may come from a different place in life with a different personality and life experiences than you have. However because of these differences, this person may have a varying knowledge and set of skills than you that will enrich your new business. If you look at Gilad Lutfak’s accomplishments and business venture, you would see that valuing people is one of the main reasons businesses succeed.

4. Leadership and Followership

These are actually two traits that go hand-in-hand. In order to run a business successfully you must know how to lead. Read more about Gilad Lutfak’s business journey in Houston as well as his travels to learn about some of the ways he leads his businesses. Leading means directing your business toward accomplishing the overall business vision. This trait also refers to leading in an ethical way and ensuring that the people who work for you know their rights and obligations. To lead you have to trust the people who work with and for you. Be prepared to follow these people when appropriate to ensure that your business succeeds.

5. Firm, But Fair and Forgiving

Be careful not to confused the trait of forgiveness with having low standards or not holding people accountable. Forgiving businessmen and businesswomen know that all professionals need to make a few mistakes, go through learning experiences (that may include reprimands or consequences), and get a chance to improve -You might consider adding a probationary period for new employees to allow for for employee learning, minimize turnover, and decrease your liability. Having a forgiving trait also means forgiving yourself. As previously mentioned here and discussed by Gilad Lutfak, you too will continue to make mistakes, but you need to learn from them. Being able to “pick your battles” falls under this trait. This is basically a trait of a more laid back leader who is firm, but fair and not harsh.

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