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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What does it take to be a successful entrepreneur? We welcome all comments, tips, advice and suggestions.
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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.
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| 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.
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| 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.
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| 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!
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| eLyn |
9/3/2009 |
i truly believe that a successful entrepreneur has really a passion in the business he/she is into! putting of one requires patience and a great determination to achieve his/her goal in the shortest possible time.so aim high and reach it because only the sky is the limit!
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| Tweneboah Koduah Nathaniel |
9/27/2009 |
I strongly believe that every entrepreneur must have the tenacity to withstand failure despite the challenges they encounter.
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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.
