Successful Small Business Owners and Self-Esteem

A recent study by the Guardian Life Small Business Research Institute revealed the top six traits of the 1 in 2 small business owners that survive for more then 5 years. They surveyed 1,100 businesses with between 2 and 99 employees. Most business owners who do well share these traits:

1-The ability to collaborate is number one. This translates into strong relationships with employees and customers and delegating.
 
2- Owners of businesses that succeed value their self-fulfillment. It is of the upmost importance for them to being doing what they like, control their own time and the money that they make.

3-They are future-focused. They have a vision, and often a plan for what their business will look like in five years, in addition to a plan for today.

4-Curiosity makes them keep learning, asking questions, and most of all, learning from mistakes and failures.

5-They invest money in technology for marketing and efficiency.

6-Action orientation keeps them moving forward, and reacting to adversity as a reason to keep innovating and moving ahead.

As per Mark Wolf, the Institute’s Director, "Success-oriented small business owners are a special breed of highly motivated, caring and curious individuals. They effectively balance their personal and business goals, take advantage of others' expertise and continually seek to learn the best practices exhibited by peer companies."

What do all these traits have in common? They are all traits of a person with high self-esteem. It is shown again and again that what makes a successful small business owner or corporate executive, or spouse or parent is high self-esteem!