I once joked that I had never seen Raphael Smals without a smile on his face, until I found the one photo where he looked done with the world. It was a small reminder that people are complicated, and so is entrepreneurship. If you strip away the jargon and the fundraising theater, two traits keep coming up in the entrepreneurs who actually get things done, idealism, and conviction. They sound dramatic, but they are practical. They are what separates the person who tinkers from the person who builds something that lasts.
Idealism gets a bad rap, as if wanting to change something is naive. That view is lazy. Idealism, when paired with competence, becomes the source of direction. The people I met in industry didn’t just talk about products, they talked about how the world should be, and what part their company could play in that story. They weren’t daydreaming, they were setting a north star.
This is not just feel good stuff. A clear sense of purpose does at least three useful things.
So idealism is not a luxury, it is strategic. It gives entrepreneurs a stable axis to pivot around, without turning every conversation into a panic session.
Conviction is the other half. As someone put it plainly, “the important thing in succeeding as an entrepreneur is having a conviction and making no amount of data can sway that conviction.” That sounds extreme, and yes, taken literally it would doom you. The nuance is that conviction acts like a filter, a tunnel vision that protects you from being thrown off-track by every random opinion and shiny new metric.
But tunnel vision can be useful, if you use it like a sieve, not a blindfold. The entrepreneurs who succeed balance stubbornness and curiosity. They hold a core idea tightly enough to act decisively, while still being ready to absorb feedback that is actually meaningful.
Here is the practical difference.
That is the hard balance to teach and to learn. Most people either flail with weak, fuzzy convictions, or they lock themselves into a fortress and never look out the window.
One of the most underrated entrepreneurial skills is asking the right follow-up question. You will meet people who trash your idea, and people who give useful, painful insight. The trick is to treat criticism as data, not offense. Ask one good probing question and you will quickly see if the person understands your context, or if they are just sharpening their voice because it felt good.
A small checklist for useful feedback:
It’s astonishing how often a short follow up turns a negative comment into a productive insight. Most people are not trying to sabotage you, they are just noisy humans who sometimes have useful observations. Give them the benefit of the doubt, probe once, then decide.
People argue about business plans like religious sects. One camp treats them like scripture, another treats them like garbage. My practical view is simple, a business plan is useful, but it is not carved in stone. It should be realistic, concise, and changeable. As I said to a student recently, “no business plan survives first customer interaction.” That is worth printing on a sticky note.
Relatedly, modern entrepreneurship literature, the lean startup thinking for example, is valuable because it forces you to get feedback earlier and iterate. That does not mean it is always the right approach, but you should at least consider it. If your product depends on long, risky engineering sequences, the linear plan might be better. If you can test assumptions quickly, do it.
My frustration is with teaching and programs that pretend there is one true path. There isn’t. Teach people how to build a worldview, how to structure assumptions, how to test them, and how to update. Teach them how to ask the right follow-up questions. That structure will outlast any single methodology.
If I had to name the skills that are taught least, yet matter most, here is a short list.
Also, bring real entrepreneurs into the room. Not as distant trophies on a slide, but as people willing to interrogate and be interrogated. Watching pitches and dissecting why a deal was made or rejected, like watching a business version of a courtroom drama, is highly educational. You learn what matters in practice, which is often not what theory predicts.
Idealism and conviction, yes, but not romance. Be clear about why you think the world should be different, hold onto it hard enough to move things, then use smart questions and real data to shape how you move. Teach that balance, practice it, and then go build something where those traits don’t just look good, they work.
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