What Makes an Entrepreneur?
The entrepreneur is one who is willing to bear the risk of a new venture. The simplest kind of entrepreneurship is self-employment. Others emphasize the entrepreneur’s role as an innovator who markets his innovation. Starting and growing a business isn’t easy. It involves a lot of risk and takes much of your time. The following explains the personality traits that makes entrepreneurs who they are.
• Creativity is the spark that drives the development of new products or services or ways to do and/or start a business. It’s creativity that calls for innovation and improvement. It is continuous learning, questioning, and thinking outside the “box” to do new things with the sense of better serving the society.
• Dedication: Starting a business isn’t easy. It will takes most of your time and rob off some of your happiness. Good things never come easy. Dedication is what motivates the entrepreneur to work hard, 12 hours a day or more, even seven days a week, especially in the beginning, to get the endeavour off the ground. Planning and ideas must be joined by hard work to succeed. Dedication makes it happen.
• Determination is the extremely strong desire to achieve success. It includes persistence and the ability to bounce back after rough times. They are not afraid to fall because they knew even if they fall, they will rise up again. It persuades the entrepreneur to make the 10th phone call, after nine have yielded nothing. For the true entrepreneur, money is not the motivation. Success is the motivator; money is the reward.
• Risk-taking: Everything you ever wanted is on the other side of fear. The very best entrepreneurs are always the biggest risk takers. Without risk, there is no reward. Risk taking ability is one of important tool that will move your organisation from one level to a greater level. Taking a calculated risk is very important and an entrepreneur is comfortable taking it without the fear of failure.
• Flexibility is the ability to move quickly in response to changing market needs. It is being true to a dream while also being mindful of market realities. Flexibility has to do with the ability to adapt to change and modify an old product to satisfy the desire of customers.
• Leadership is the ability to create an inspiring vision and most importantly, lead, and motivate your group to engage in that vision in other to bring it into reality. For development to come, it takes a strong leadership abilities. Leaders give rules and set goals but also makes sure that those rules given, are first tested by him or herself. It is the capacity to follow through to see that rules are followed and goals are accomplished. And one thing to note is that, entrepreneurs are generally leaders. As a leader, your attitude too must inspire others.
• Passion is what gets entrepreneurs started and keeps them there. It gives entrepreneurs the ability to convince others to believe in their vision. It can’t substitute for planning, but it will help them to stay focused and to get others to look at their plans.
• Self-confidence comes from thorough planning, which reduces uncertainty and the level of risk. It also comes from expertise. Self-confidence gives the entrepreneur the ability to listen without being easily swayed or intimidated. Here are simple ways to build confidence as a beginner entrepreneur.
Every entrepreneur has these qualities in degrees. The most important strategy is to be aware of strengths and to build on them. These are what you have to keep in mind as well if you want to be a successful entrepreneur yourself. It will make you what it talks about!
Originally published at motivationallogics.wordpress.com on October 17, 2015.