Emotions play an important role in how entrepreneurs evaluate business opportunities. Appraisal tendencies linked with emotions determine choices that entrepreneurs make, Maw-Der Foo's research suggests. On top of this, Gurbaksh Chahal, Chairman & CEO at Radium One argues that emotional strength is a central attribute of thriving entrepreneurs, who are resilient and mentally strong.
Chahal spells out some of the major positive character traits that emotionally strong entrepreneurs have. Pay attention to these characteristics and figure out which of these you share and if not, how you can develop them in order to make the most of your business dream.
1. They Don’t Feel Sorry For Themselves
People who are emotionally strong, refrain from wallowing in self pity or feeling sorry for their or other people’s circumstances. When things go wrong they have the ability to recover quickly and are not overwhelmed by their misfortune. They are aware of the fact that life isn’t always fair. They ascribe the bad event to experience and look forward to a positive thing that’s around the corner – because they are determined to make something positive happen.
2. They Don’t Do Things They Don’t Want to do
It’s a fact that many people find themselves trapped in a situation whereby the are persuaded to do because they feel guilty or simply because they lack the strength and character to say no. Emotionally strong people refuse to be controlled or manipulated. They are able to politely object to something that doesn’t fit in with their own plans and assertively explain why they can’t do so.
3. They Don’t Fear Change
Emotionally strong entrepreneurs do not fear change, in contrast, they embrace it. They know that situations constantly change and that the only way to secure a successful future is to be able to adapt to these changes resourcefully. As a result, they are open to new ideas, plans and situations. For emotionally strong entrepreneurs, there is no room for stagnation. They are well-known for their ability to grow in an ever-changing environment.
4. They Decide to be Happy
There are things in life that inevitably generate negative feelings to entrepreneurs. But being happy is a constant attitude characterising emotionally strong entrepreneurs, because they are committed to being happy. They know well that happiness is really important for their health. A 20-year long Harvard Public School of Health study of more than 6,000 men and women, showed that emotional vitality — “a sense of enthusiasm, of hopefulness, of engagement in life, and the ability to face life’s stresses with emotional balance” — distinctly reduced the risk of heart disease.
5. They are not Afraid of Taking Risks
Entering the world of business requires a great deal of emotional resilience. You’ve got to be prepared to take some risks – but calculated risks. Successful entrepreneurs know that not everything they do is going to be a triumph and they have to strike out a few times. Do your risk and benefits analysis and have the strength to be decisive.
6. They Always Give Back
The stronger you are emotionally, the more you are socially responsible and care about others. You are considerate and you are keen on helping people who are less fortunate and those face mental and physical challenges. You are a caring member of the society and you stand up for the rights of others, especially if they can’t stand up for themselves.
All in all, these are just a few of the characteristics that top entrepreneurs share. So, which of these traits do you share? Do you have what it takes to transform from a would-be entrepreneur to a successful entrepreneur?