Best Traits of An Entrepreneur You will find these characters in most of the successful entrepreneurs. Imbibe these traits to improve the chances of your business success. 1- Clear Vision A clear vision forms the foundation of any entrepreneurial journey. A successful entrepreneur has a clear picture of the direction he wants his business to take, and he develops a plan right from conception to realization. When you know how you want your future to unfold, you stay focused even when times get tough. Do you know that there were already 15 automakers in Michigan, and the market was still in its infancy when Henry Ford launched Ford Motor Company? But he believed in his vision of making automobiles affordable for middle class. And the rest is history. 2- Passion Successful entrepreneurs just love their work. They never hesitate to put those extra hours at work because there is a sense of joy that goes far beyond money. The 40-hour work week rule doesn’t apply to them. Steve Jobs is a fine example of entrepreneurial passion. He had a passion for setting trends for the future, and he clearly communicated his dreams and aspirations to his employees. 3- Self-motivated Nobody has ever made progress by sitting back and waiting for success to come to them. Successful entrepreneurs enter the scary real world and bring change through their actions. They don’t need someone else to tell them to do something that has to be done. The best entrepreneurs wake up in the morning and start doing it. Even when they face a setback, they encourage themselves to fight one more time until success comes to them. 4- Ability To Sell Whether they are born introverts or extroverts, the best entrepreneurs are always out there selling something. It doesn’t always have to be a product. They sell their vision to funding sources and prospective partners, they sell prospective recruits the future benefits of quitting their job and joining the startup they have never heard of. An entrepreneur’s ability to sell has a lot to do with his communication skills. You might have the best idea on the planet, a great new smartphone that can challenge Apple iPhones. But if you can’t communicate (sell) your idea clearly, it’s useless. 5- Determination Every business venture faces setbacks at some point of time. The best entrepreneurs, like a team captain, motivate their employees and push them to victory. They are determined to succeed, and no defeat can thwart them. They try to find an opportunity for success in every setback. The best entrepreneurs never accept that something can’t be done. If it hasn’t been done yet, they will show the world how to do it. 6- Hungry To Learn Something New The best entrepreneurs know that there is always something new to be learned. They are full of curiosity. They aren’t afraid of asking questions if they know that the answers will give them insights they may use in business. Successful entrepreneurs read like crazy, attend seminars, join forums and exchange ideas. They interact with their customers to understand their needs, likes and dislikes. Learning provides an entrepreneur customer understanding and domain knowledge which help them improve their business. 7- Ethics And Integrity Fraudsters, thieves and cheaters may win in the short-term, but they are doomed to failure in the long run. The best entrepreneurs know this fact. So, they maintain the highest standards of ethics and integrity, and never cross the lines that may damage their credibility. If you lose your dignity, self-worth and can’t prove yourself a credible entrepreneur, you’ll be out of business.
Posted on: Mon, 01 Jul 2013 04:41:05 +0000