We're talking more about street smarts and common sense. Successful owners are able to anticipate problems before they arise and to take preemptive steps to avoid them, and they know how to solve crises after they occur. If you don't think you can effectively manage those relationships, you shouldn't start a new business. Your banker will want to know about your experience, not just in business, but in the same field as the business you're hoping to start. A pessimist may fold the tent, but an optimist who believes in the business will keep going.
Successful owners are optimists who are able to weather the rough spots.
Although the qualities listed above are important to a small business' success, particularly to one just starting out, not every single owner of every single successful business has had every single one of the desired qualities. This suggests that there's hope for those who don't possess every quality. Now that you've taken a look at your strengths and weaknesses, you can consider how to compensate for weaknesses . All Rights Reserved.