What are the traits of an Entrepreneur? Chris Bennett has written a list of seven common characteristics of an Entrepreneur. Some of these may be obvious but each and every one is a good reminder of what is needed to be successful an as entrepreneur.
Here are some excerpts from Chris’s list. To see the entire story including real life stories of Steve Jobs, Facebook and Google go to the following link: http://www.youngentrepreneur.com/blog/common-characteristics-of-the-best-entrepreneurs/
Entrepreneurs share several common characteristics that those who hope to achieve success in the field should strive to emulate. Today we explore seven crucial characteristics of the best entrepreneurs that anyone thinking about starting a business ought to consider.
In the business world, problems and complications are a part of every day life. Especially in the early days of a company, entrepreneurs can be said to be climbing a wall of opposition as they struggle to manage the many goals, tasks and constantly evolving problems of the new organization. Furthermore, many entrepreneurs fail many times when trying to start a small business, and the ones who succeed are the ones who can persevere through failure and try again.
The ability to see an end goal, break it down into many tasks, and see those tasks through to completion is a crucial skill of successful entrepreneurs.
It is typical for many people to discourage you in the early days of your new project. This can be even more painful when your first few projects either fail or achieve very little success. Disparaging remarks can be hurtful to the morale of a new entrepreneur trying to get his or her new project off the ground. It is then that you must possess the courage to tune out those who do not share your vision. It takes true courage to reject social pressure and to try to build something truly outstanding, but this is a trait that all successful entrepreneurs must have in order to survive in the business world.
Rare is the entrepreneur who achieves huge success completely on his own.Whether you need help with design, programming, finance, or investment, if you plan on going into business, you must possess the ability to approach other people and convince them of the worth of your idea. More than just a friendly attitude, you must somehow find a way to bend their vision to match your own so that they come to see the brilliance of you work in the same way you do. This is by no means an easy skill to master, but it is one that will help you greatly as you struggle to put your new company together.
There is a saying among business savvy people that “everything is negotiable.” While this might not be exactly true, it does illustrate that most people in business will try to negotiate with you as you strive to put deals together. Unless you possess solid negotiation skills, you might end up getting the short end of the stick.
A key difference between running a business and working a job is that no one will be pressuring you to complete your tasks when you run your own business. Instead, you must be completely self-motivated to do everything it takes to get the work done. In the beginning, you may be working a day job or attending college classes at the same time. This means that after taking care of the work owed to those obligations, you must still find enough energy and determination to sit down and put in long hours for your business.
If you are the sort of person who needs a boss hawking over their shoulder in order to remain on task, or feels that you work best inside the known structure of a job, entrepreneurship will not be an easy life path for you. Sometimes the best ideas are ones that are already showing huge success. As an example, when Jack Dorsey launched Twitter in 2007, Facebook’s status feature was already in use and gaining popularity. No doubt seeing the opportunity in the feature, Dorsey and his team made it the central feature of Twitter. This little social web application has skyrocketed in popularity, being regularly used by web surfers, celebrities, and even companies for marketing purposes. The lesson to be learned is clear: if you give the public what it wants, you stand a great shot at success.