Business Basics

Entrepreneur Traits Explained in Minion Gifs

Out of all the entrepreneur traits or characteristics business owners possess, which ones are the best? Could it be their value of company culture, strong work ethic, competitiveness, or creativity? After watching the “Despicable Me” franchise movies — produced by Illumination Entertainment for Universal Pictures — we noticed a few scenes that showcased relatable entrepreneur traits. Of all the successful traits I saw throughout the movie, I thought these three should be prioritized.

Entrepreneur Trait #1: Passion

Image Credit: Giphy.com

As an entrepreneur, you’ll push yourself to exhaustion, invest time, and money to launch and maintain your business. Now let’s be real. No one would put that much energy into something they didn’t care about. This is why passion is an essential entrepreneur trait for every business owner to have. But don’t be fooled, passion does not equal profit.

No matter how passionate you are, your business could still fail for a variety of reasons. It could close because of a lack of capital, focus, bad location, and even poor management.

The role that this entrepreneur trait plays in your business’ success is that it helps business owners go the extra mile, improve, work harder and tackle problems with everything they’ve got.

If passion is not one of your entrepreneur traits, then your business may suffer in the end. Do something you’re passionate about, but make sure your business stays afloat.

Entrepreneur Trait #2: Always Be Appreciative

Image Credit: Giphy.com

One underestimated and overlooked entrepreneur trait is appreciation. According to a study by Psychology Today, part of the reason people don’t show gratitude is that they assume it’s already known, are uncomfortable with expressing their thanks, and underestimate the positive impact. As a leader, it’s part of your job to show your team you value them.

Don’t forget, your team works hard, not for a paycheck, but because they love and care for your business. They’re the foundation of your business and an amazing team isn’t always a given. Showing appreciation for your team is a vital entrepreneur trait because it not only makes your employees feel good, but it strengthens their bond and relationship with you and the business.

Here are a few tips on how to show appreciation:

  1. Say thank you: Thank your employees either in person, by email, or a written thank you note. Letting them know how much you value them is a simple gesture that goes a long way.
  2. Give them a raise: If you’re not paying your employees their worth, they know it and so do you. Give them a raise and show them you recognize their hard work.
  3. Cater lunch: Food is known to have mystical powers that bring smiles and people together. Reward your team with an amazingly delicious luncheon. They’ll feel valued, loved and full all at the same time. That’s a win-win for everyone.

Entrepreneur Trait #3: Love Learning

Image Credit: Giphy.com

Lastly, entrepreneurs must love learning. This is one of the most important entrepreneur traits because if you want to be successful, grow, and develop into an excellent business owner, you can’t be unwilling to learn. There is always a learning opportunity around every corner. Whether it be online studying, informal/formal meetings, or networking events, you can always turn anything into a learning lesson.

A huge part of learning is admitting to yourself that you don’t know everything. Once you admit this, you can open yourself to seeking knowledge and information from those who’ve been in your shoes and succeeded.

.

Deborah Sweeney

Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration.

Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law.

Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others.

Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.

Recent Posts

How to Start a Non-Profit in 2024

Is there a cause you care about that you want to build a business around?…

9 hours ago

Winning Together: How Supporting Other Businesses Can Help You Win

Sometimes it’s easy to get caught up in the day-to-day activity of your business that…

2 weeks ago

5 Big Marketing Opportunities for Your Business In 2024

Can you believe we’re already in April? The year is passing by and we want…

3 weeks ago

How to Start A Local Service Business

Congrats! You’re starting a business to serve the people in your local community. How exciting!…

1 month ago

The Best Way To Start a Construction Company

You’ve spent years working in construction managing projects and dealing with clients for former bosses.…

1 month ago

What to consider when choosing your nonprofit payment processor

When selecting a payment processor for your nonprofit organization, you may be tempted to opt…

1 month ago