Tuesday, January 2, 2007

Characteristics of an Entrepreneur

How old you have to be? In fact any age! If you have a great idea and the determination to make it happen, you could join that list of young entrepreneurs who enjoy some huge success. What do you need for being an entrepreneur? Well, you just need a problem and a unique way for solving it. You would also need a lot of determination and belief in your idea. If you don't believe you will be successful - it's better to stop with that. Moreover a great help is to have the emotional support of your friends and family. It will be even better to have a mentor with a lot of knowledge and experience to help you. Of course, you should be ready to devote a lot of your free time to your passion and future business.

Are entrepreneurs born or made? The debate still rages, but the current consensus is that successful entrepreneurs share some characteristics:

  • An eye for opportunity: Many entrepreneurs start by finding a need and quickly satisfying it.
  • Independence: Even though most entrepreneurs know how to work within the framework for the sake of profits, they enjoy being their own boss.
  • An appetite for hard work: Most entrepreneurs start out working long, hard hours with little pay.
  • Self-confidence: Entrepreneurs must demonstrate extreme self-confidence in order to cope with all the risks of operating their own business.
  • Ability to accept change: Change occurs frequently when you own your own business, the entrepreneur thrives on changes and their businesses grow.
  • A desire to achieve: The push to conquer problems, and give birth to a successful venture.
  • Optimism: Live by the philosophy that this is the best of times, and that anything is possible.
  • Profit orientation: Want to make a profit; but the profit serves primarily as a meter to gauge their success and achievement.
Whatever you’re into, there are opportunities to create new products and services. Find something that turns you on and find out more about it. If you are reading this, may be you should start thinking more seriously on achieving your dreams and ideas.


Raela Drigger said...

About independence: Even if you like being your own boss, that doesn't mean you have to completely work on your own in building your company's reputation. You need colleagues who can help you out in the other aspects of your business.

stacie28 said...

very interesting post about the characteristics of an entrepreneur! It's true, qualities like passion, hard work, determination, optimism or patience helped famous entrepreneurs like Yuri Mintskovsky, Warren Buffett or Richard Branson become successful in their business. These smart men should be admired by everyone!

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