It takes a lot to run a small business during a pandemic. More often than not, entrepreneurs have certain traits to thank that allow them to experience success. The list tends to vary and often expands to include more qualities on a regular basis. Words and phrases like determined, confident, problem solving, calculated risk taking, and positivity should all be part of an entrepreneur’s vernacular.
What else shows small business owners may experience success? I could go on about other characteristics that allow entrepreneurs to be successful, but there is one word in particular that outweighs them all.
Angela Lee Duckworth, a psychologist and author of Grit: The Power of Passion and Perseverance, defines grit as being a combination of passion and perseverance for long-term goals.
Not too long ago, the measures of success looked a bit different than they are now. We used to think individuals that were attractive or possessed a high IQ were poised for success over individuals that lacked these qualities.
This is no longer the case. Now, we view both aspects of life in a different light. Instead of a high IQ, we seek out individuals that possess “EQ” or emotional intelligence. This is the belief that if you have the four core skills of emotional intelligence — including self-awareness, self-management, social awareness, and relationship management — your work performance will top that over someone with a high IQ. The same can be said about grit. Having grit teaches us to treat entrepreneurship, and life, as a marathon, not a sprint. It’s not a race to the finish line. It’s the understanding that the finish line is usually quite far out and will require a great deal of hard work and stamina to reach it.
Do I Have Grit?
Some entrepreneurs have grit and some do not. However, universally everyone wants to figure out if they are gritty on their own. According to Duckworth, there are five common characteristics of grit.
- This refers to bravery over fear as well as other circumstances, like speaking your opinion or asking for help, wh
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