1. Passion: A sole proprietor should be passionate about their business and have a genuine interest in the industry they are entering. This will help to ensure that they stay motivated and put in the hard work that is required to make their business a success.
2. Determination: A sole proprietor should have the determination to succeed and the willingness to put in the effort to make their business a success. This means that they must be willing to take risks and make sacrifices in order to achieve their goals.
3. Resourcefulness: A sole proprietor should be resourceful and able to maximize their resources in order to achieve their goals. This could involve finding creative solutions to problems, leveraging technology, and forming partnerships with other businesses.
4. Adaptability: A sole proprietor should be able to quickly adapt to changes in their industry and the market. This could involve the ability to pivot their business model and come up with innovative solutions to customer problems.
5. Business Acumen: A sole proprietor should have a good understanding of business principles and be able to make decisions that are in the best interest of their business. This could involve understanding the market and industry trends, being able to identify opportunities, and having a good understanding of the financial side of their business.

Having a mentor is an important part of a sole proprietor’s success. A mentor provides invaluable guidance and advice, which can be especially helpful for someone just starting a business. A mentor can advise on how to approach various business challenges, provide insight into the industry, and help identify potential opportunities. Furthermore, having a mentor can provide a supportive sounding board and help to keep a sole proprietor on track. A mentor can help to ensure that a sole proprietor is taking the right steps towards achieving their goals and staying focused on their mission.