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Traits Of An Entrepreneur: What It Really Takes To Succeed

The world of entrepreneurship is a world filled with uncertainty, excitement, highs and lows, many challenges, and a remarkable sense of achievement. It can also be incredibly scary when a lot of money is at stake or other people’s futures and/or livelihoods are on the line. It can also be incredibly rewarding to overcome obstacles and prevail so that your organization delivers on its promise. No matter what, being an entrepreneur requires having certain traits in order to navigate these waters. Let’s take a look at some of those traits of a successful entrepreneur and contrast it with someone who merely thinks they want to be an entrepreneur. Ryan Kavanaugh

The person who “thinks” they want to be an entrepreneur will:

1. Lack an abiding belief in themselves. Once they encounter any significant obstacles or setbacks, their confidence in themselves is shattered.

2. Lack perseverance. When challenges present themselves, this person will give up.

3. Lack the ability to listen. This person will not consider the constructive input of others and has a tendency to think they know it all. This person will also ignore the demands of his or her customers and the marketplace which, in and of itself, is a fatal mistake.

4. Be afraid to make mistakes and/or fail. Everything will have to be “perfect” before this person makes a move. This person views any failure as catastrophic.

5. Not have a vision. They have not considered what will be the direction of the company and how they will adapt to emerging trends to meet the needs of the marketplace.

6. Not be adaptable. They have a firm idea of how things should be, not what they really are. They resist adapting to the marketplace and instead insist that the marketplace adapt to them.

7. Not possess creativity. This person does not think of novel advertising approaches or ways of getting their products or services in front of prospective customers. They also lack the innovative skills necessary to navigate obstacles.

 

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