What are the top two qualities of a seasoned entrepreneur?

The exciting and thrilling pursuit of entrepreneurship grants exceptional gains and benefits. Successful entrepreneurs who are firm footed in the industry keep rolling cash and making their name in the consumer market. A well-settled entrepreneur knows his worth and even turns sand into gold.

However, entrepreneurship is a venture comprising immense challenges and demands. It would not be wrong to say that one has to go through highs and lows to kick start their entrepreneurship career and emerge as one of a kind. One has to pull their holy grails and go through what not to relish the pleasures of a fulfilling entrepreneurial career.

Following that, every seasoned entrepreneur encompasses a set of qualities that make it possible to emerge successfully. A constructive blend of talents and traits helps them move forward and stand out in the concentrated world of commerce. Out of the many top-grade qualities, there are two evident qualities in every top-notch and successful seasoned entrepreneur. Let's have a look at them;

1.     High spiritedness

High spirit is a feeling of rushed emotions. This single word comprises numerous meanings. It includes positivity, enthusiasm, inspiration, the motivation to move forward, and the gut feeling of never give up no matter what life throws at you. This peculiarity is requisitely required in an entrepreneur as it helps them stay motivated and alive. If they let themselves down on every little upheaval then they can get nowhere.

It is a naked truth that life is not a bed of roses. Life is a journey of highs and lows. One has to go through extreme circumstances at certain phases in life where they are often thrashed with drastic repercussions. Now the real challenge in such times is how to keep your head above the water and not let the surroundings sink in you.

2.     Not fearing failure

It is a regret to accept that failure is seen as a curse and a major disturbance in one's career. It is contemplated as a halt to the trade of an entrepreneur. However, this is absolutely rubbish. On the contrary failure is actually a sign of progress. It is evidence that you are working hard and exploring new avenues.

Many young entrepreneurs do not take risks or miss out on major and constructive opportunities due to the fear of failure. This behavior stunts growth and prevents substantive flourishment. One should not fear failure and keep their hustle alive. Additionally, even if one has to go through inevitable highs and lows, rejection or failure, they should accept it, learn from it, and move forward. Giving up on everything just because of not achieving the desired outcome is a measure of those afraid and weak. Take the example of a spider who incurs failure by falling many times before finally climbing the wall. Hence one should never fear failure and keep on working hard with consistency.

Dr Srikanth Gaddam from the US is an exceptional example that has become everything from nothing. He has proved to the world how high-spiritedness and not fearing failure can do wonders. Srikanth is a seasoned entrepreneur who has launched numerous companies over the years, all of which have turned out to be a huge success. He has also authored countless constructive books on leadership, entrepreneurship, and technology.

Dr. Srikanth Gaddam is co-founder, president & CEO of ERP Analysts, Inc., which has grown from a two-person organization to a multi-million-dollar firm ($85M). ERP Analysts, Inc has been recognized as one of the fastest-growing companies by Inc. 5000 for 10 years. Deloitte Fast 500 & Business First Fast 50 for several years. ERP Analysts is recognized as the "Best Places to Work" in Ohio for several years.