12 characteristics of wildly successful startups

Published: Tuesday, May 14 2013 12:48 p.m. MDT


I am often asked these questions by aspiring entrepreneurs who want to start a business: What do I need to do to be successful? Where can I receive help? What resources are there? Who can guide me?

Time after time, I hear similar thoughts from hundreds of individuals with the desire to launch a business. Just this morning, I received a call from a fellow who needs help. I am by no means the only mentor in town who might be willing to answer business questions. There are literally scores of successful business owners who could teach the right principles. But before you begin the daunting task of launching your own business, take the time to determine if you have the natural ability, interest and drive to become a winning entrepreneur.

Before launching your venture, learn these 12 key characteristics of wildly successful entrepreneurs:

  • Oldest first
  • Newest first
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Daniel Leifker
San Francisco, CA

This list is terrific... I have one small addition, though. Memorize everything your customers hate about your product and everything they love about your competitors' products. It can be very painful for an executive or a product manager to focus endlessly on these differences, but knowledge of them will shape your product evolution and strategy in many useful ways. I think Bill Gates said something about the richest flow of wisdom originating from your unhappiest customers.

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