Nine Characteristics of Successful Entrepreneurs Essay

1. MotivationEntrepreneurs ar enthusiastic, optimistic and future-oriented. They believe theyll be successful and are willing to luck their resources in pursuit of profit. They fit over high energy levels and are sometimes impatient. They are al slipway thinking about their line of merchandise and how to increase their market share. are you self-motivated enough to do this, and can you stay motivated for elongate periods of time? Can you bounce back in the introduce of challenges?2. creative thinking and PersuasivenessSuccessful entrepreneurs have the creative capacity to recognize and employ opportunities. They possess strong selling skills and are both persuasive and persistent. Are you willing to promote your melodic line tirelessly and look for new ways to get the word out about your product or swear out?3. VersatilityCompany workers can usually rely on a supply or colleagues to provide service or support. As an entrepreneur, youll typically get off out as a solopren eur, meaning you will be on your own for a while. You may not have the luxury of hiring a support staff initially. Therefore, you will end up wearing some(prenominal) different hats, including secretary, bookkeeper and so on. You need to be mentally prepared to quest on all these tasks at the beginning. Can you do that?4. Superb occupancy SkillsEntrepreneurs are naturally capable of setting up the internal systems, procedures and processes unavoidable to operate a business. They are focused on cash flow, gross sales and revenue at all times. Successful entrepreneurs rely on their business skills, know-how and contacts. Evaluate your current talents and professional network. Will your skills, contacts and experience readily beam to the business idea you want to pursue?5. Risk Tolerance found any entrepreneurial venture is happeny. Are you willing to assume that risk? You can reduce your risk by thoroughly researching your business concept, industriousness and market. You can a lso test your concept on a gauzy scale. Can you get a letter of intent from prospective customers to buy? If so, do you think customers would actually go through with their transaction?6. tantaliseAs an entrepreneur, you are in the drivers seat, so you moldiness be proactive in your approaches to everything. Are you a doer somebody willing to take the reins or would you rather someone else do things for you?7. great dealOne of your responsibilities as founder and head of your company is deciding where your business should go. That requires vision. Without it, your boat will be lost at sea. Are you the type of person who looks ahead and can see the big picture?8. flexibility and Open-MindednessWhile entrepreneurs need a steadfast vision and direction, they will face a lot of unknowns. You will need to be ready to speck any initial plans and strategies. New and better ways of doing things may sum along as well. Can you be open-minded and flexible in the face of change?9. Dec isivenessAs an entrepreneur, you wont have room for procrastination or indecision. Not only will these traits bandstand progress, but they can also cause you to miss crucial opportunities that could move you toward success. Can you make decisions quickly and seize the moment?