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Duquesa Marketing Newsletter – May 2012

DUQUESA MARKETING CONSUMER PRODUCT SPECIALISTS

PRODUCT DEVELOPMENT & MARKETING STRATEGIES

(859) 567-1609                                gficke@msn.com

DUQUESA MARKETING NEWSLETTER                      May 2012
The 5 Absolutely Essential Personal Traits Needed to Become a Successful Entrepreneur
 
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Duquesa Quote of the Month:
“It is the province of knowledge to speak and it is the privilege of wisdom to listen”


 - Oliver Wendell Holmes,
U.S. Physician and Writer

Tip of the Month:
“In order to be a great successful, and thus a great business person, you must be a good listener”.
 
 

I am often asked by media interviewers, prospective entrepreneurs and college students I mentor to identify the most important qualities that are present in successful small business start-up owners and innovators. Obviously there are many personality traits that contribute to success in every sort of endeavor. Honesty, hard work, creativity and a positive mental attitude are only a few. However, I think that there are five traits that are essential keys to achieving entrepreneurial success. These are present in every successful entrepreneur I have ever worked with. 

Passion

High achieving entrepreneurs have an unrestrained passion for their business or concept. This is not to be confused with cheerleading or hype. Their passion is born of a confidence that their project will help and provide real benefits to people, clients and customers. Of course, they hope to prosper financially from their work, but they really and truly are passionate that they can make a difference. The passion that Emeril Legasse exudes when he speaks about Food and Cooking, or that displayed by Tory Burch when she describes her Fashion Designs are obvious examples.

Drive

Successful entrepreneurs will not be stopped. They quickly come to understand that they will consistently hear the word “no”. To these driven people “no” simply means not today. They are driven to succeed and always find a way to overcome the “no” obstacles that the marketplace places in their path. Vidal Sassoon, born to poverty in East London, created one of the world’s great Beauty and Cosmetic empires through his sheer drive. Famous Amos overcame huge personal obstacles before he pioneered the creation and commercialize of the designer Cookie category.

Focus

By their very nature entrepreneurs are creative. This creativity, however, often results in lack of focus. Ideas seem to come in waves. The project at hand is undone by a bigger, grander idea, then another. Successful entrepreneurs are solely and totally focused on their Business Plan, executing their strategy and getting to market with a first mover advantage in hand.

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