Kenneth Brailsford, a Salt Lake City, Utah-based businessman, has more than 40 years of experience in entrepreneurship. A graduate of Brigham Young University, Kenneth Brailsford received his BS in economics before cofounding a health supplements business.

1. By Kenneth Brailsford

2.  Kenneth Brailsford, a Salt Lake City, Utah-based
businessman, has more than 40 years of experience in
entrepreneurship. A graduate of Brigham Young University,
Kenneth Brailsford received his BS in economics before
cofounding a health supplements business.
Successful entrepreneurs often display common
characteristics that help their businesses prosper.
1. To be successful, an entrepreneur needs to be passionate
about his or her business. Belief in one’s enterprises often can
keep a professional motivated when a business demands long
work hours and provokes high levels of stress.

3.  2. An additional characteristic that successful entrepreneurs
often possess is adept people skills. Effectively
communicating with others can lead to greater networking
opportunities, which can play a crucial role in business growth.
Additionally, remaining in control of one’s professional image
is more easily achieved when an entrepreneur can project
confidence and friendliness to associates.
3. Equally as important as social abilities is the capacity for
efficient money management. Early phases of entrepreneurial
ventures often operate on a limited budget, so successful
business leaders must know how to prioritize expenses, as
well as know how to function should he or she have a less-
than-ideal amount of funding.