Becoming an entrepreneur is not an easy task!
There are certain qualities that are absolutely necessary if you would like to become successful in your business ventures. Some of these qualities are built-in parts of your inherent personality, and some of them get developed over time. Knowing these characteristics and identifying your weak ones – those, which need strengthening – will, eventually, help you become a successful entrepreneur.
Check for yourself!
There is no secret that most of the average people dream about getting rich albeit very few makes any real effort to become one. According to statistics, more than 100 thousand people become millionaires each year in the United States alone. The overwhelming majority out of them is self-made and owners of businesses.
Check for yourself if you have the qualities of an entrepreneur. And if you think you own those qualities, why do not become en entrepreneur. It is good for the island and good for yourself.
You can also verify if someone call themselves an entrepreneur, they comply with each quality or not. The most common mistake is that successful people call themselves entrepreneurs. There is a big difference.
Common Sense
Studies show that most successful business people consider common sense as the foundation of their success. Common sense is defined as an ability to make sound judgments on the issues, which you encounter in everyday situations.
Good judgment depends on acquired knowledge and past experience. The combination of these two creates necessary prerequisites in developing common sense in a person. Common sense allows you to understand complex issues in simpler terms and get into the core of a problem.
Specialized Knowledge of your field
It is easier to start a successful business, if you have deep knowledge of the business field that you decide to pursue. About half of all home-based start-ups are launched by people who decide to use the knowledge, which they gained from their previous work experience of a particular niche area.
Around 45 percent of all start-ups fail to survive more than two years. One of the main reasons is many entrepreneurs do not accumulate needed industry knowledge before jumping into business world.
Creativity
Creativity is the ability to use your insights and come up with new solutions to old problems, get things done in a different way or find a totally different approach for conventional things to work together. Entrepreneurs need creative thinking ability virtually in everything. Each new product, each new marketing method, each business decision – all these are fertile ground for creative thinking.
Self reliance
Successful entrepreneurs try to take full responsibility for their actions. They know that what they are today, and what they are going to be tomorrow, depend solely on themselves, as it is the outcome of their own choices and decisions. They are proactive people, who set goals, walk an extra mile to achieve them and rely, primarily, on their own resources and abilities.
Even you have all these great qualities and you feel quite confident about yourself, you will never know how good an entrepreneur you are, unless you give it a try!
Self-confidence
Self confidence is a key entrepreneurial skill for success. It is easy to become demoralized, frustrated and resentful if you lack self-confidence. Self-confidence is concerned with how a person feels about his ability. A successful entrepreneur believes in his or hers abilities. He or she is not scared to explore unchartered territories, take risk and take difficult decisions. This is one of those skills that can be developed by training.
Self-confidence is not a personal trait that either you have or you don’t. A person can have high self-confidence in one situation and totally lack in another.
Ability to get things done
Successful entrepreneurs are persistent and hardworking. They master self-discipline to such extent that if a work is important and related to their goals, they will, eventually, complete it.
Getting things done is the vital link between motivations and their outcome. At times, entrepreneurs force themselves to choose work over fun, a boring job against a pleasant one, working on tax papers rather than reading a glamour magazine. This requires a self-control that many people simply fail to develop in them.
Ability to lead
Successful entrepreneurs are capable of leading people and get work done by them. They use a combination of various methods – effective motivation, planning, coaching and evaluation – to lead people. They are concerned about the wellbeing of others and easily get along with people.