Characteristics
of successful entrepreneurs by Ashley Voo (March 13, 2017)
Entrepreneurship is
like an engine which must work well to grow in the economy. There are no
shortcuts to success, so successful entrepreneurs go through thick and thin to try
to sell their goods and offer their services to make their business grow. They have several traits and roles.
First, successful
entrepreneurs are positive in the way they think and are very decisive. With a
positive attitude they are able to overcome difficulties. They might experience
obstacles but their determination ensures future business success (Holmes,
2015). Moreover, they have a decisive
mind; this enables them to grasp the crucial opportunities that could lead them
towards success. They usually make quick decisions and rarely procrastinate
that help pave their way to success (Agrawal, nd).
Second, they have strong
self-discipline and a strong desire to reach their goals. They always aim
attention on their work and try to eliminate unnecessary distractions. They
strive to keep on track of their day-to-day work and organized their tasks to
complete them in time. Successful businessperson are disciplined enough to face
challenges every day to fulfil their objectives (Adams, 2010). Additionally,
successful entrepreneurs possess the drive to succeed. They value their accomplishments
and get financial rewards by achieving difficult goals in their trade (Holmes,
2015).
Third, successful
entrepreneurs exhibit motivation and creativity. They stay motivated whenever
they face difficulties or obstacles in their business. They motivate their
employees to face risks to earn profits. They always think about ways to expand
their business and increase their market share.
Further, they are creative; hence they can recognize and pursue various
opportunities. Further, they can influence, convince and inspire others. For
example, they can influence people to deal with their ideas and widen their
market by persuading new customers. Additionally, they have natural integrity
and charisma; for instance, they envision being creative and innovative to
interfere changes and improvements (Agrawal, nd).
Fourth, successful
entrepreneurs do not depend on reliable colleagues or staff. They usually start
off by themselves as soloprenuers and overcome barriers themselves. They build
their business by working on solo first and then they hire supportive staff
later on. They are mentally prepared to face difficulties at the beginning
(Agrawal, nd).
Fifth, successful entrepreneurs
volunteer to take planned risks and are highly dependable. They are risk
takers; hence, they are always ready to encounter unexpected events. They are
willing to provide their time and money on unknown things; however, they record
the information, resources and plans. Additionally, they possess the ability to
be multitasks and identify risks that are worth their luxury time and money (Seth,
2016).
Sixth, successful entrepreneurs
maintain a positive relationship between with their employees; hence, they
always keep their promises concerning what they plan to do and will do it
promptly. They are dependable because they major in managing challenging tasks.
They also have the skill to make appropriate decisions so that their business
runs efficiently (Holmes, 2015).
Seventh, successful entrepreneurs
enjoy being around people and they possess adequate communication skills. They are
able to continuously interact with a variety of people including customers,
competitors and manufacturers. Interaction with others increases their
popularity and the potential in them. As they enjoy being around with people,
they can experience different characteristics of people. Besides that, great conversation ability enables
them to interpret the body language of others, particularly customers. Further,
successful entrepreneurs can accurately exchange information in the corporation
by using a variety of methods, for instance, online conferencing, emailing,
Facebooking and Twittering (Holmes, 2015).
Finally, they are not
afraid of making mistakes and facing failure is not a big deal to them. They understand
that failure is a component of business and they take mistakes and failures as
a learning experience. Mistakes and
failure enable them to combine better and stronger. (McFadden, 2015).
END
References
(APA style)
Adams, J. (2010). Ten
qualities of a successful entrepreneur. Under30ceo.com. http://10-qualities-of-a-successful-entrepreneur/
Agrawal, R. (nd). Nine characteristics of successful
entrepreneurs. Monster.com. https://www.monster.com/career-advice/article/entrepreneur-traits.
Holmes, T. (2015). Ten characteristics of a highly successful
entrepreneur. Home Training Peaks, http://home.trainingpeaks.com. characteristics-of-a-highly-successful-entrepreneur.
McFadden, K. (2015). Ten qualities of highly successful entrepreneurs.
Smartbusinesstrends.com. http://10-qualities-of-highly-successful-entrepreneurs/
Seth, S. (2016). Ten characteristics of successful entrepreneurs. Investopedia.com.
http://personal-finance/101014/10-characteristics-successful-entrepreneurs.asp
