Being an entrepreneur entails a lot and the fact is that true entrepreneurs are not born but made. Ideally, from local specialty sport shops to multimillion dollar social media companies, many businesses only exist thanks to the vision and dedication of an entrepreneur. No matter the size or industry, starting a company requires a set of skills and attributes not all workers possess. Although their levels of education and experience may vary, successful entrepreneurs often share the same set of characteristics.
Subsequently, before a physician diagnoses a specific disease, his patient must undergo a series of laboratory exams and assessments. He has to know the history of his patient and how lifestyle affected his present health problem. As results come in, that would be an indication of the time when a physician gives specific drugs and therapies for maintenance. This will eventually contribute to the level of optimum health for that individual. If all else fails, the process will be repeated again.
Similar to what the above mentioned situation has stated, an entrepreneur’s responsibility would be pretty much the same. It’s just that, he should see his customers as his patients and what they must have to survive a present predicament or a need. He must follow certain steps before doing anything irrational that could contribute to the downfall of his business. He should have certain characteristics innate in his personality for if he lacks one of these, he’s most probably doomed to fail.
Entrepreneurship is collectively defined as exhibiting one’s vision, taking action, and pursuing that vision as a goal to be achieved in life as service to reality. In the meaningless definition, it’s getting your butt out of that couch and doing something rather than fulfilling your life’s destiny of being a couch potato. Outlined here below are some of the distinct attitudes an entrepreneur should positively have:
- Optimism – Is foreseeing things in a positive way notwithstanding any circumstances that may hinder progress. The assertiveness of an individual depends on his knowledge of how to handle a difficult situation.
- Leadership Skills – Whether overseeing a team of two or 200, entrepreneurs must have strong leadership qualities, according to Jason Bowser in his article, “8 Traits of Successful Entrepreneurs,” published on the Minority Business Development Agency website. All companies experience ups and downs, and an entrepreneur must have the ability to motivate his employees to work together toward their goals, which requires earning their trust and respect. Entrepreneurs must also have excellent communication skills as they will work with a variety of types of personalities in dealing with employees, clients and investors.
- Self-Motivated – Often, workers are motivated to go to work every day simply to earn a paycheck or even simply not to get fired. An entrepreneur is intrinsically motivated as there is typically no financial reward in the beginning stages of starting a business. Rather than wait for progress and success, an entrepreneur takes whatever action is necessary to facilitate these things. Much of this self-motivation is because entrepreneurs enjoy a challenge and are naturally competitive.
- Creativity – Is thinking outside the box. Expanding one’s mind of what is beyond the ordinary through fine research and collection of data.
- Aggressive Marketing - Successful entrepreneurs know that succeeding as an entrepreneur does not lie in the quality of your product or how unique your idea is but in how you can market it. Even though there is no doubt a better product will bring more results you can’t go far without people knowing about it. Marketing is the key; it is inevitable to success as an entrepreneur.
- Stability – either physical, mental, social or emotional, a leader must possess a stable life which means he could handle tough situations during tough times.
- Charismatic – Intelligence of communicating with different walks of life. Who says a charming man is less than an intelligent one? A good entrepreneur must have the certain magic glistening in his eyes and could convey enchanting words to get hold of that convincing power no one dare resist.
- Risk-taker – As someone beginning his own dream, he should be stern and must have the guts and the balls to take the big leap of plunging into his own doom or success. He should not be afraid of taking chances when opportunity strikes.
- Energetic – Willing to do whatever it takes to reach dead-line. His drive must always be at its highest level for being an entrepreneur would make you work overtime. His enthusiasm must prevail the next best thing.
- Innovative - All businesses began with an idea, such as create fashionable apparel from recycled clothing or connect travelers all over the world with a free online travel network. The ability to not only come up with new ideas but develop and improve them as the business grows is an essential characteristic of a good entrepreneur. These individuals are constantly scrutinizing their products, services and business model in an effort to find ways to improve.
- Time bound – like a written report in a newspaper, an entrepreneur must be on the top of every innovation. By looking at our past, we could predict our future.
- Ethical - Entrepreneurs often answer only to themselves and must therefore possess a “strong sense of basic ethics and integrity,” Bowser states. Although some new business owners may experience immediate success through cheating or lying, in the long run, clients and investors will lose interest in doing business with an entrepreneur who lacks credibility.
Small businesses, in time, would turn out big if the scope of management exceeds what is expected. So it is necessary for a beginner to be positive about his endeavors. He must be very observant of what his environment lacks and needs. He should have sturdy shoulders to put on extra weight of carrying a responsibility that could change his or her life.
One’s greatest failure is sticking with the mentality of being conventional. This would be one of an entrepreneur’s greatest downfalls. Think big. Act. Make your business dreams come true.
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12 Characteristics to Become Highly Effective Entrepreneur
