Visionary Thinking
The ability to think big and envision the long-term goals and direction of the startup. xtraCoach Example: Elon Musk, CEO of SpaceX and Tesla, is known for his visionary thinking, imagining a future where humanity colonizes Mars and revolutionizes transportation with electric vehicles.
Resilience and Perseverance
The capacity to bounce back from setbacks, failures, and challenges, and to persist in the face of adversity. Example: Sara Blakely, founder of Spanx, faced numerous rejections before finally securing a manufacturer for her innovative product, demonstrating resilience and perseverance throughout her entrepreneurial journey.
Adaptability and Flexibility
The willingness and ability to adapt to changing circumstances, pivot when necessary, and embrace new opportunities. Example: Jeff Bezos, founder of Amazon, started his company as an online bookstore but quickly adapted to expand into various other product categories, demonstrating his adaptability and flexibility in response to market demands.
Risk-Taking and Courage
The readiness to take calculated risks, make bold decisions, and step outside of one's comfort zone. Example: Reed Hastings, CEO of Netflix, took a significant risk by transitioning his company from DVD rentals to online streaming, a move that ultimately revolutionized the entertainment industry.
Leadership and Team Building
The ability to inspire and motivate others, build a strong team, and effectively delegate responsibilities. Example: Anne Wojcicki, co-founder and CEO of 23andMe, has demonstrated exceptional leadership skills in building a diverse team of scientists, engineers, and researchers dedicated to advancing personalized medicine through genetic testing.