While most people are programmed to work for a company after college, there is a few high-spirited individuals who dream to become their own boss. It's not entirely possible for anybody to run their own company and even become a business magnate, however, there are sets of qualifications that these people must meet, that is far more important than their financial capital.

True that money provides mobility to the business. However, it's not the only thing that defines the enterprise because entrepreneurial qualities are as vital as finances.

Here are the 5 major qualities of a successful entrepreneur:

Every entrepreneur is a self-starter

Sufficiently-motivated, most entrepreneurs are risk lovers. According to Self Made Success, optimism is common to these people, believing that regardless of the intensity of the risk, their strategies are effective enough to promise them a huge profit. This kind of drive is a common quality among successful entrepreneurs.

Passion is a must

Most unsuccessful entrepreneurs failed because they enter a business, relying only on money as their sole motivation. Without it, they are easily penetrated by the difficulties. Fashion industry veteran Aliza Licht, through Forbes, revealed how her lack of passion led to her failure. For successful entrepreneurs, passion is the main driving force. Having business is not easy, but the true passion they possess will keep them going amidst the disappointments and hard times that may pass by.

Get along with others

The world of business has never been a one-man-show. In order for everyone to work well altogether, the boss must learn how to build a good relationship among his or her employees. It's imperative that everyone communicates ideas effectively. Getting along with employees also help resolve conflicts. By building a strong connection with them, it is easier to form partnerships and attract customers.

Creativity provides more options

The pre-made business resources are not always available. There will be times when you run out of options and be forced to look for alternatives. While others rely only on what has been laid on the table, successful entrepreneurs craft their own when the box gets empty. Creativity opens a lot of alternatives.

Accepts feedback positively

Being their own boss, entrepreneurs are likely to evaluate their performance all by themselves. However, it is very likely that some people like a friend or even an employee will give their assessments and suggestions. Some boss is not open to feedbacks from other people, but an effective one knows how to take these into account and views it as a channel towards a better business status.

These are the qualities of a successful entrepreneur. Each of these contributes to one another and altogether help a business grow. For more tips and ideas, check out a report by Jobs & Hire.