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ENTREPRENEUR BILLIONAIRES: The Difference that makes the Difference

ultra rich

Simple yet powerful traits of Billionaires. Billionaires: Doesn’t this word light up a million bulbs in your head? isn’t it magnetic and denotes power? wealth? achievement?

A zenith of successful entrepreneurs! How does this happen? is it random?

Is it a result of sheer serendipity or is it meticulous planning? Here are the 500 richest people on the planet, as of 2021. A hardworking individual’s relentless pursuit, or the handy work of the frontal cortex and the amazing powers of the human brain, let us look at some traits that make a BILLIONAIRE!

  1. Self Confidence – there is nothing more powerful than a self-confident entrepreneur. This self-confidence translates into a strong belief which in turn fuels the ambition of the Entrepreneur and enables him to succeed and achieve the goals and objectives which may otherwise seem unimaginable to millions. Mark Zuckerberg, Jeff Bezos, Elon Musk are some examples of self-confident super achievers.
  2. Indefatigable Spirit – the ability to work relentlessly, tirelessly, and assiduously is an important trait of all successful billionaires. It is said that success comes to those who stay around. Perseverance and persistence are the names of the game for a true blue entrepreneur, who has his eyes on winning and is ready to pursue, persist and win!
  3. An insatiable appetite for success – The ability to think BIG and not rest on your laurels; The utter lack of complacency and an insatiable appetite to succeed are the traits that are a sure shot recipe for being a highly successful entrepreneur.
  4. Patience – A key aspect to ultimately win is to have patience – Losing a few battles but finally winning the war! Resilience is a quality that the billionaires have proved time and again as being one of the most important traits that makes success bow down to you.
  5. Ability to manage the machinations of fellow human beings – Humans have complicated minds, they are emotional beings. Most billionaire entrepreneurs have a special ability to manage and channel both – the “good” and the “bad” in people and are adept at building winning teams of thousands of people. This makes a grand scale possible. Large projects across continents can be driven and achieved by understanding the machinations of human beings.
  6. Being on top of the game – Know your business, your abilities, every nuance, and aspect of your business. Be flexible, dynamic, and have the ability to learn new concepts, adapt, and apply them quickly- This is a trait that is a game-changer in the entrepreneur’s journey to success.
  7. Courage – The courage to own up not just your successes but your failures as well, just as Ernest Hemingway aptly puts it- Courage is ” Grace under Pressure “. The courage and boldness in both the thoughts and action is a trait most successful entrepreneurs have always demonstrated.
  8. Communication skills – to express your thoughts, to lead people, to inspire them to believe in your vision, to communicate to your peers, employees, shareholders, and society at large, is an essential skill for the BIG boys. A commonly found trait of Billionaires is their ability to communicate powerfully and effectively.
  9. Health consciousness – A healthy body leads to a positive mind. An immensely important trait for the billion-dollar club is their fitness regimen, which enables them to work long hours, travel across the globe, think fast, and bust the stress of the day to day activities. Being healthy and fit is as important as any other aspect of being successful in business.
  10. Philanthropy and altruism – nothing completes a successful business and a billionaire’s life unless he gives back to the society he lives in! The ability to create impact and the feeling of satisfaction as you put your head to the pillow, thinking that you have made a difference, reigns supreme for any billionaire businessman or businesswoman, and he or she ever aspires to leave their smudgy footprints on the pages of history.

Keep winning, keep shining and soar high! Life beckons you!

Written by Iftekhar Pathan.

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Iftekhar Pathan
Iftekhar Pathan is an entrepreneur and has over 30 years of professional experience. After building a strong foundation and background in commerce, mass communication, and public relations from the Symbiosis Institute of Business Management, Pune, he has rigorously used his expertise while working on various national and international ventures. He is the co-founder of Aundh Institute of Medical Sciences (AIMS) a first of its kind public private partnership (PPP) multispecialty hospital project in Pune (Maharashtra, INDIA). He is also a mentor at the IIT Kanpur Incubation Center (SIIIC FIRST) and a member of the Advisory Board of MIT ADT University Pune.

Iftekhar Pathan is an opinion columnist for the CEOWORLD magazine. You can follow him on LinkedIn.