Patience was a trait that I didn’t think of but it is an essential trait of an entrepreneur. In my opinion, it’s in the same boat as tenacity. Entrepreneurs often have to hear many “NOs” before they hear one “YES.” Having patience and persistence is the key. An example is having the patience to fully develop a business plan before jumping ahead of oneself and launching an underdeveloped and rushed business idea. Another example is waiting on potential investors for their response to a business proposal. Patience seems to fit under a larger category of tenacity and discipline.