Characteristics of Entrepreneurs

 

Everyone loves to pontificate about what it takes to be a successful entrepreneur, myself included. There’s no one “right” answer but rather many different traits, that when combined, result in great outcomes.

Here are 3 personal qualities that make up a Entrepreneur.

Independent

You have to be able to anticipate trends, opportunities, and future organizational challenges. Also, love putting in the hours and realizing a sense of satisfaction when accomplishing goals. Have true enthusiasm and energy around the work that you do. Be ready and willing to take a stand for how you believe things should be done. When someone looks you in the eye and tells you they can do it, even if it’s far fetched, you’re more likely to believe them.

Flexible

One of the reasons individuals want to have their own businesses is the flexibility they get with regard to working hours. But again, flexibility in approach is another personal characteristic that a lifestyle entrepreneur needs to possess. Be it selling a product or providing a service, you need to be strategic according to your target market, your industry, and your customer. If you aren’t flexible enough to adjust your tactics to the variable situations, you won’t be able to achieve success.

Committed

Lifestyle entrepreneurs aren’t in pursuit of money. But that doesn’t mean they aren’t bothered about it. The only factor is that they are satisfied with just enough for their efforts. But again, they aren’t broken down by their failures. Resilience of character is an essential trait of such an individual. They are equally capable of handling a success as well as a failure. They treat them as stepping stones on their path to do what they want to.

When you decide to become a lifestyle entrepreneur, don’t just proceed without a plan. Focus on being the best in whatever you plan to do. And plan it well before you even take the first step. Your first task is to decide what you want to do. Make a note of what points you will want in your new venture. After you identify the right business, do your research about the industry and the target market. Look for opportunities and make use of them.

Realistic

Notice I didn’t say smart, high integrity, or any number of other common characteristics that might be thrown around. Those are often present but I’ve seen cases where some items were less than desired. These three characteristics have proved to be the most common in successful entrepreneurs I know. Not every one of your wishes will be fulfilled. You need to understand this. If you think that you will achieve success in six or twelve months, it is just a plan for disappointment. A successful lifestyle entrepreneur is one who is realistic. It is a good idea to set goals. But extend the bigger ones over a span of time. And you will be able to achieve them. Set unachievable goals and you are bound to be let down. Lifestyle entrepreneurs know this, and maintain a realistic approach to attain success.

" It takes a lot of courage to show your dreams to someone else" - Erma Bombeck

3 thoughts on “Characteristics of Entrepreneurs

  1. Ali Reply

    What a nice post you wrote! I really enjoyed reading it and I could not be silent about your post so I decided to leave my comment here and say Thank You! For sharing this quality post with others.
    Actually this is exactly the information that I was looking for information about the characteristics of entrepreneurs and when I landed on your website and read this post, it answered all my questions in details.
    So I’m happy that you decided to write about this topic and share it with people. It’s very useful and can definitely be used as a great source for everyone who is interested in this topic.
    I will come back to your website again for sure and I’m looking forward to reading your new posts.)

    Thanks!

  2. Emilio Tan Reply

    Hi Adrian!
    I was quite busy in the past few days. You have mentioned the complete formula for a successful entrepreneur in this post. Sharing your knowledge to people in this field is good work while at the same time earning some livelihood. Reading it I found some tips and ideas. Keep up the good work.

  3. Suzanne Stoddart Reply

    Hi Adrian,
    This is a wonderful post on entrepreneurial traits.
    I resonate with committed. Sometimes it’s frustrating when things don’t move as quickly as you’d like, but after working so hard, I couldn’t imagine quitting, haha.
    Thanks again,
    Suzanne

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