3 Skills Every Startup CEO Must Possess

So you want to launch your own company? You want to be the boss? You spend all your extra time reading business magazines, seeing all these tech entrepreneurs living out their wildest dreams and wonder; "When will it be my turn?".

I hear ya. I will tell you this; the road to starting and building your own successful firm is a long and, sometimes painful one. The journey is half of the fun. You need to master a few personal traits to increase your chances at success.

Related: Be Your Own Boss : 4 Simple Ways

Here are 5 of the most important ones.

1. Risk Taker

They say "No pain, no gain" and this is certainly true when it comes to business. As an aspiring entrepreneur you have to have the guts to take enormous risk. You have to have the cajones to asses an opportunity and be able to gamble some of your resources in hopes that you get a positive outcome.

So how do you develop this skill?

Build a great work ethic. Bring a diverse group of experts into your circle, who can give you well-informed advice when you need it. Develop a scoring system through which you put all ideas.

Related: 3 Reasons Why Every Startup Should Have A Sales Manager

2. A Positive Attitude

You need to know that a CEO/ leader should have a generally positive attitude, you should able to identify opportunities even in the worst of times. Barbara Corcoran once said that when the real estate business was tanking, she actually bought more properties and hired more real estate agents. This is the kind of thinking you should have. You must always find ways to turn a bad situation into a positive one. Developing strategies to combat every conceivable scenarios is a must.

How to develop this skill.

Try to get rid of your personal insecurities and do your best not to go into business to soothe your ego. Be humble and open to the possibility that maybe you are not perfect. You make mistakes. Don't be embarrassed by your missteps, but rather look at them as learning opportunities.

2. Keep your emotions in check

At the end of the day, business should never be about you. It should be about serving your customers and your community and also making money for you and your investors. You should always do whats best for the business.

You should not be so emotionally tied to the business to the point where you cannot see past your own feelings. I encourage you to view the business as a house you are building and not your baby. Your employees are members of your team and you are the coach. They are not your servants or cheer leaders.

It helps if you have other hobbies outside of work. Try not to react immediately to things. Try to take responsibility for the failings of your business.