Key components for success in business include resources, capital, marketing, and the right location. However, there is one key component that many new entrepreneurs overlook. Having the right mindset can propel you over obstacles, while not having the right mindset can be one of your biggest setbacks. Here are three attitudes you should bring into business to succeed.

Preparedness

As the old adage says, “If you fail to plan, you plan to fail.” Entrepreneur Wesley Virgin knows a thing or two about planning for success. He adds, “You must know what you want, or you won’t accomplish anything. Set realistic, achievable goals and slowly work your company from a small business into a successful enterprise. Plans become reality.”

Perseverance

In the world of business, you can’t expect anything to be handed to you. Wesley Virgin experienced many setbacks on his journey to becoming a multimillionaire. He comments, “If it really is your dream to own a successful business, you can’t be the type of person who folds at the first sign of failure. Use failures as learning opportunities, take what you learned, and keep moving forward.”

Receptivity

Innovators and powerful entrepreneurs are aggressively receptive to new ideas and learning new lessons. The best businessmen even look for ideas from fields and industries other than their own. Wesley Virgin says, “You have to be inquisitive enough to wonder why and how things work. Successful entrepreneurs are always on the lookout for inspiration. Always think about how your business can be better or more efficient.”