There are many different traits that make a successful entrepreneur. The traits listed below are qualities that may be found in some successful entrepreneurs. It is not necessarily the case that you can not be a successful entrepreneur if you do not have the below qualities: Steph Korey
Resilient: Although it would be nice to think that success will come quickly and easily this is probably not going to happen. A key part of ensuring you are being resilient is to be realistic. If you have illusions that are not backed up by evidence or facts you are likely to feel much more disappointed than someone with a realistic outlook. Meaning you will need to be far more resilient if you are to continue as an entrepreneur. Generally individuals who aspire to be a successful entrepreneur will meet a number of challenges; things may not always go to plan; and other people may not be as enthusiastic about your business as you are. All of these factors mean there is a strong emphasis placed upon being resilient if you are to get through the difficult times and be a successful entrepreneur. Although resilience is a difficult trait to teach increasing your self-awareness and being effective at goal setting can help develop resilience.
Problem-solve: Another area which will support an individual in being a successful entrepreneur is the ability to problem solver. If you are to create a business idea that consumers want to buy then you will need to be able to identify problems and develop solutions consumers will pay money for. Problem-solving is also important if you are to develop a unique selling point (USP) so that your business can become established.
Good Planner: Throughout your journey as an entrepreneur you will need to ensure you can plan. This starts from the creation of your idea; developing a business plan; and continuing to develop your business so it remains competitive. Being able to plan will support you to identify opportunities and develop strategies so you can make the most of these opportunities.
Risk averse: This may sound somewhat paradoxical that an entrepreneur would be risk averse as opposed to a risk-taker. However if you want to be a successful entrepreneur you will likely need to learn how to minimize risk so that you are not taking big gambles that could potentially end your business. A part of being risk averse is the ability to evaluate potential opportunities in order to establish whether they are worth pursuing. Evaluating decisions and ensuring you are risk averse may save you time, money and potentially your business. A key message is only risk what you are prepared or can afford to lose. Ensure that for any risks you identify you develop a strategy to minimise this risk and increase your likelihood of success. Risk-taking may be a part of business and being an entrepreneur however a key part of success is likely depend on your ability to identify, evaluate and minimize risk.