Being a small business owner is no easy feat. According to the Bureau of Labor Statistics’ Business Employment Dynamics, about 20% of small businesses fail in their first year and 50% fail in their fifth year. It truly is survival of the fittest in the small business world, and while there are several factors that can cause a business’ success or failure, a small business owner’s character can sometimes be the biggest one.
There are hundreds of remarkable character traits of successful business owners that should be emulated, but these are the four most commonly seen in all rock star small business entrepreneurs:
