At the Ewing Marion Kauffman Foundation, we found that one of the greatest predictors of entrepreneurial success is GRIT!

The dictionary defines grit as, “tenacity and passion for long term goals.”

Others define it as:

  • Courage: the ability to manage your fear of failure,
  • Resilience: will you give up and say, “well, I tried”, or will you be like a Kansas wheat field, blown down in a storm only to bounce back stronger and more committed to succeed,
  • Confidence: Being calloused to defeat! A belief in yourself and what you are trying to accomplish.
  • Creativity: the ability to see opportunities that others cannot see. Apple is an example of a creative company.

When examining grit, don’t confuse it with “pig headedness” Some people have “cement ears” and refuse to hear or follow good advice. It’s one thing to believe in yourself and your product. It’s another thing to pursue a bad product or service into failure.

If in doubt, listen to the market place!