Everyone, at some point, dreams of what it would be like to be a business owner. When we’re young, we have very ambitious ideas for companies that we could start, but as we get older, we begin to lose sight of them and instead, develop a mindset of, “I could never pull that off” or “the thought of attempting that scares me.” It’s only natural that once you figure out how the real world works, you’ll be less likely to try to achieve your dreams of starting a business. However, that doesn’t mean it isn’t possible, you just need to change that mindset! In this blog, we’re going to talk about the top 10 qualities of a successful entrepreneur so that you can start striving for those business goals you had when you were young.


It’s impossible to become a business owner without discipline. Discipline is what allows a business owner to work through the hard times and not back down claiming that “it’s too difficult” or “it’s not for me.” Successful entrepreneurs realized that this way of thinking is what was holding them back in the first place and that in order to be successful, they would need to develop a new mindset. The best way to practice discipline is to simply go out of your way to do something that you don’t want to do but you know is healthy for you, like going to the gym or eating a healthy diet.


Not everyone who owns or is a successful business owner is confident, however, it sure helps a lot! Think of confidence as what makes discipline more attainable. If you’re more confident, you’re a lot less likely to see self-discipline as a struggle and more of a positive thing. Confidence doesn’t just have to do with the way you present yourself to others, it has a lot to do with how well you can make decisions about your business without worrying or thinking that you made the wrong decision.

Open Mindedness

Open mindedness is what grows your business. You could own a business without being open minded, however, it won’t go anywhere. In order to grow and develop, you need to be open to new ideas, markets, and generally, being able to drop everything and try something new when something isn’t working out how you wanted it to. Open mindedness also has a lot to do with the people you hire. You may hire someone who has the most credentials but whose personality doesn’t fit the company. Several months later, you may realize it would have been best to go with a different candidate who was less qualified but matched the company’s culture better.


Running a business is all about having a competitive spirit. This doesn’t mean that you should be out to cause harm to any other business who offers the same product or service, but you should certainly be aware of what they’re doing and try to do it better. This shouldn’t be seen as a bad thing for the other company though. Think of it as a way of bouncing ideas off each other and being able to provide a better product or service to the community. Everyone wins!

Contact FRF Consulting Today

FRF Consulting is your top-rated business consulting firm in San Francisco and the surrounding areas. Want to start your own business? Not sure you have the qualities above? We can help! Give us a call or read part two of this blog to learn more.