Being resilient is something that a successful entrepreneur should be, as it allows them to keep moving forward even when they can’t see the finish line. It’s also what makes them stand out from the crowd. 

 

Resilience improves people’s ability to cope with stressful situations and become more productive at work. A study by researchers revealed that those with a higher level of resilience were more prone to experiencing depression. They also found that those with a college degree were more likely to be at risk for experiencing depression. Here are the traits of a more resilient entrepreneur:

Being Prepared

Most successful organizations have a plan in place for eventualities, both short and long-term. Many noted that they could quickly adapt to the changes by 2020. Almost 85% of organizations with a balanced approach to addressing short- and long-term priorities feel that they can do so successfully.

Adaptability 

According to the leaders of successful organizations, having versatile workers is very important to their organization’s long-term success. They also noted that adaptability was the most critical factor they considered when assessing their workforce.

Flexibility 

Flexibility is one of the most critical factors a successful entrepreneur should consider when assessing their resilience. This trait allows them to keep moving forward even when they can’t see the finish line. It does not mean they can’t adapt to the changes brought about by the environment, but rather that they can remain focused on their mission and allow the best possible outcome.

Focusing on Growth

A successful entrepreneur should also consider how their company’s growth orientation can affect their ability to adapt to the changes brought about by the environment. This is because, instead of focusing on generating revenue in the current year, they should focus on continuous expansion. Having the necessary resources and flexibility can help them manage their risks and keep their operations running smoothly.

Engagement 

A resilient entrepreneur has solid internal communications and is unified with their team. Having these factors can help prevent potential issues from happening. One of the most common reasons employees feel they are not receiving the proper communication is because they are not confident that the leadership is engaged.