Nine Characteristics of Successful Entrepreneurs Essay

1. MotivationEntrepreneurs argon enthusiastic, optimistic and future-oriented. They believe theyll be successful and are willing to risk their resources in pursuit of profit. They have amply energy levels and are sometimes impatient. They are always thinking to the highest degree their business and how to increase their market share. ar you self-motivated enough to do this, and advise you stay motivated for ext decisioned periods of time? burn down you bounce plunk for in the face of challenges?2. Creativity and Persuasiveness flourishing entrepreneurs have the germinal capacity to recognize and rent opportunities. They possess strong selling skills and are both persuasive and persistent. argon you willing to promote your business indefatigably and look for new ways to get the word out roughly your product or service?3. VersatilityCompany workers can usually entrust on a staff or colleagues to provide service or support. As an entrepreneur, youll typically start out as a so lopreneur, moment you will be on your own for a while. You may non have the luxury of hiring a support staff initially. Therefore, you will end up wearing several different hats, including secretary, bookkeeper and so on. You shoot to be mentally prepared to take on all these tasks at the beginning. Can you do that?4. Superb Business SkillsEntrepreneurs are naturally capable of backcloth up the internal systems, procedures and processes necessary to operate a business. They are focus on cash flow, sales and revenue at all times. Successful entrepreneurs rely on their business skills, know-how and contacts. Evaluate your current talents and professional network. leave your skills, contacts and experience readily transfer to the business idea you want to pursue?5. Risk ToleranceLaunching any entrepreneurial venture is risky. Are you willing to assume that risk? You can reduce your risk by thoroughly researching your business fantasy, industry and market. You can also test your concept on a small scale. Can you get a garner of intent from prospective customers to purchase? If so, do you think customers would actually go through with their transaction?6. DriveAs an entrepreneur, you are in the device drivers seat, so you must be proactive in your approaches to everything. Are you a doer someone willing to take the reins or would you or else someone else do things for you?7. VisionOne of your responsibilities as founder and mentality 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 get hold the big picture?8. Flexibility and Open-MindednessWhile entrepreneurs need a potent vision and direction, they will face a lot of unknowns. You will need to be ready to tweak any initial plans and strategies. New and interrupt ways of doing things may come along as well. Can you be open-minded and flexible in the face of change?9. Decisive nessAs an entrepreneur, you wont have room for procrastination or indecision. not only will these traits stall progress, but they can also take you to miss crucial opportunities that could move you toward success. Can you make decisions quickly and secure the moment?