What does it take to be a successful entrepreneur? Here are ten characteristics of successful entrepreneurs.
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If you've got many or all of these traits, your odds of entrepreneurial success are looking good!
- An eye for opportunity: Many entrepreneurs
start by finding a need and quickly satisfying it.
- Independence: Even though most entrepreneurs
know how to work within the framework for the sake of profits,
they enjoy being their own boss.
- An appetite for hard work: Most entrepreneurs
start out working long, hard hours with little pay.
- Self-confidence: Entrepreneurs must demonstrate
extreme self-confidence in order to cope with all the risks of
operating their own business.
- Discipline: Successful entrepreneurs resist
the temptation to do what is unimportant or the easiest but have
the ability to think through to what is the most essential.
- Judgment: Successful entrepreneurs have the
ability to think quickly and make a wise decision.
- Ability to accept change: Change occurs frequently
when you own your own business, the entrepreneur thrives on changes
and their businesses grow.
- Make stress work for them: On the roller coaster
to business success the entrepreneur often copes by focusing on
the end result and not the process of getting there.
- Need to achieve: Although they keep an "eye"
on profits, this is often secondary to the drive toward personal
success.
- Focus on profits: Successful entrepreneurs
always have the profit margin in sight and know that their business
success is measured by profits. Is this your profile or would
you rather do your job, pick up your paycheck and leave the headaches
to someone else? Most of us, quite easily, choose the later.
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We greatly appreciate any advice you can provide on this topic. Please contribute your insights on this topic so others can benefit.
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| Ishmael |
9/24/2008 |
Successful entrepreneurs know that their employees are more important than themselves. the better you look after your employees (and customers for that matter) the better your business will run. |
| Mark |
2/5/2009 |
The above comment is completely untrue. Entrepreneurs are more concerned with people's accomplishments than with their feelings. They generally avoid becoming personally involved and will not hesitate to sever relationships that could hinder the progress of their business. During the business-building period, when resources are scarce, they seldom devote time to dealing with satisfying people's feelings beyond what is essential to achieving their goals. |
| Hope |
2/20/2009 |
I agree with Mark. The truth is a customer can have a fit not because of your price or service but because of something that happend in the car with their boyfriend and they decided to take it out on you. An entrepreneuer has to please his/herself. And has to close off hinderences to be successful. They have to be able to displease and say no. |
| Eric |
3/10/2009 |
I believe that entrepreneurs are always optimistic and they never look back. They mostly do this by focusing on issues that have to do with the development if their businesses! They are achievement-orientated! |
If you are an ambitious entrepreneur or an aspiring executive
looking to get involved with a startup, please take the time to
learn more about Gaebler Ventures.
