Do you have the characteristics of a high-impact entrepreneur?


How to recognise and adopt some of these successful characteristics

What do Richard Branson, Larry Page and Mark Zuckerberg all have in common?

Aside from a passion for social media they are among the world's most successful entrepreneurs and have grown their start up companies into successful global corporations.

They also share some of the key characteristics of high-impact entrepreneurs, as identified in data released from the World Economic Forum in 2014.

Recognising these shared characteristics and working on developing your own entrepreneurial mindset could turn you into a high-impact entrepreneur and put your business on a path to further growth.

Be market-leading – in more ways than one

Having a great product or competitive price in the modern marketplace is sometimes not enough. High-impact entrepreneurs make valuable contributions to their customer's lives and the community more broadly.

Never stand alone

Call on specialist expertise and surround yourself with a trusted team of professionals who are experts in their area and who can support you and your business' plans.

Exploit opportunities

Each stage of a business life cycle brings challenges. It's important to see the opportunities in these challenges. Find a way to overcome these potential business or economic challenges and turn them into an opportunity.

Adapt to the environment

Having a business plan in place will give you focus but it is just as important to be able to adapt to unexpected challenges the business environment throws at you. Be flexible, have different strategies for different challenges and be willing to change your plans when needed.

Be interested in scale

Successful high-impact entrepreneurs want to grow and lead big businesses. Look at how you can scale your business and how you encourage manageable growth across the business.

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This material has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL & Australian Credit Licence 237502 ("Macquarie") for general discussion purposes only, without taking into account your personal objectives, financial situation or needs. Before acting on this general information, you must consider its appropriateness having regard to your own objectives, financial situation and needs. The information provided is not intended to replace or serve as a substitute for any accounting, tax or other professional advice, consultation or service.