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Read on for more details aboutwhat Corcoran says entrepreneurs need.
90% of What It Means To Be Successful
According to Corcoran, the No.
1 trait entrepreneurs need is resilience.
In Corcorans estimations, thats about 90% of what it means to be successful as an entrepreneur.
Corcoran compared a good entrepreneur to the childhood toy Jack in the Box.
Thats because starting your own business can be fraught with unforeseen challenges and setbacks.
Lots of people give up, throwing in the towel after throwing away lots of money.
In fact, 1 in 4 businesses fail within the first year, perLendingTree.
Being resilient in the face of failures and setbacks is important for any entrepreneur to succeed.
For example, Corcoran said that successful entrepreneurs are good at embracing change, perEntrepreneur.
Doing so can help their business grow over the long term.
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