Top 7 Traits of Successful Business Leaders


Top 7 Traits of Successful Business Leaders

What does it take to become a successful leader in business? There are many traits that people associate with being a good business leader, but some are more important than others. Ultimately, if you want to end up being good at being in charge you will almost certainly have to develop some or all of these traits.


For many great business leaders it all starts with the power to persevere. Persistence pays off in the business world, no matter what the industry or your position. Many of the world’s most successful business leaders failed many times before they finally reached the pinnacle of success. Therefore, you have to be willing to try, try and try again to be a good business leader.


There will always be someone who will tell you, you can’t, that your ideas are lousy and that you’ll never succeed. However, being able to ignore the naysayers and look past the criticism is a key component to becoming a successful leader. You can’t quit just because someone says you’re no good.

Surround yourself with talent

Most successful business leaders realize they can’t do it alone. Many of the top leaders have a great eye for talent and they do what it takes to hire them. If you want to be great then surround yourself with other great people.

No Complacency

Every business leaders wants to see his or her company become successful. However, great leaders don’t stop once they’ve arrived. In fact, whether you’re looking for power, money or just the satisfaction of being on top, a good leader actually never feels like he or she has arrived. Business leaders understand that you have to keep striving to achieve more and never feel satisfied with your past achievements.

No Fear

What’s the biggest deterrent to success? Fear. If you’re afraid of failure you will never be successful because you’ll never take the necessary risk to find success. That means you have to be willing to think outside the box and then leave the box once you’ve come up with those new ideas. Many people get stuck in their comfort zone and never end up taking the necessary risks to become truly successful. So give up fear and forge ahead.

Taking Responsibility

No one is perfect and good leaders understand that the people they work with will make mistakes. A good leader also needs to understand that he or she is going to make mistakes and that one needs to accept those mistakes as well. The key is to take those mistakes and learn from them. So, if you mess up, admit it, sincerely apologize and do whatever you can to make amends. You’ll earn the respect of those you hurt.

Get Tough

Any good leader understands that it takes a lot of tenacity and toughness to achieve lasting success. In other words, you have to be prepared to battle for your victories. The business world is a tough place and if you’re not prepared to put up a fight then someone else will knock you down and take the prize. So get tough and be ready to fight.


We hope you found this article about “Top 7 Traits of Successful Business Leaders” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio is a proud sponsor of The American Dreams Show.



The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4 (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in
Chris Maxson Ignites Fireplace Innovation

Chris Maxson Ignites Fireplace Innovation

Chris Maxson, owner of Acucraft Fireplace Systems and Managing Partner, Maxson family’s business ventures discusses igniting innovation in the fireplace industry with Alan Olsen. Below are some of the key aspects of Chris Maxson’s influence on the fireplace industry and his unique approach with Acucraft Fireplace Systems. They indicate the rich legacy and innovation themes discussed.…

14 Best Accounting Jokes and Financial Humor

The Best Accounting Jokes for Financial Experts in 8 Laughs & Ledgers: Welcome to the lighter side of accounting! Yes, you read that right. While debits, credits, and balance sheets are serious business, who says accountants can’t have a sense of humor? Today, we’re diving into the funniest accounting jokes that even your auditor can’t…

Navigating High Stakes: Carson Holmquist's Journey in Innovative Logistics

Navigating High Stakes: Carson Holmquist’s Journey in Innovative Logistics

Today, American Dreams host, Alan Olsen, sits down with Carson Holmquist, Co-Founder, Stream Logistics to discuss innovation and navigating high stakes. Transcript: Alan Olsen: Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Carson, Holmquist. Carson. Welcome to today’s show. Carson Holmquist: Thanks, Alan. So, so, so grateful to be…

Sports, Business, and Beyond: A Moment with Alexis Levi

Sports, Business, and Beyond: A Moment with Alexis Levi

Today, American Dreams host, Alan Olsen, sits down with Alexis Levi, a true pioneer in the sports and entertainment industry. As the first African American woman to become the owner and general manager of a men’s professional basketball team, Alexis shares her remarkable journey from being a competitive ice skater to entering the sports world.…