What are the 4 traits of an entrepreneur?
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Show Play is a key aspect in the way successful entrepreneurs work Image: Suzy Hazelwood Mark DodgsonProfessor of Innovation Studies, The University of Queensland David GannPro-Vice-Chancellor, Development and External Affairs, University of Oxford Stay up to date: EntrepreneurshipGlobal Agenda The Agenda WeeklyA weekly update of the most important issues driving the global agenda Opinions expressed by Entrepreneur contributors are their own. What makes someone an entrepreneur? Some think entrepreneurs are born, others believe successful entrepreneurship comes from years of education or being lucky enough to have an influential mentor. The truth is that entrepreneurs come in all different personality types, and come from all walks of life. There isn't one simple way to determine what makes an entrepreneur. But, many entrepreneurs do share particular characteristics, regardless of their personal style or their business type. How many of these four important traits of entrepreneurs do you share? 1. VisionEntrepreneurs see things others don't. No, not in a sixth sense kind of way -- rather, entrepreneurs see opportunities and and potential solutions where others have not. To an entrepreneur, the fact that something hasn't been done before doesn't discourage them, it excites them. And when they have an idea or a concept that forms in their mind to fill such a niche, they have the vision to see it through. Because of how clearly entrepreneurs see their vision, they are willing to put in ridiculous hours and energy into their project. They become obsessed with making their vision a reality. They can go deep into the process and can come across as being very intense. Entrepreneurs might go through trials and tribulations, but their unshakable vision keeps them going. This goes beyond merely having goals and wanting to realize them. It speaks to having a purpose and being able to follow it through. 2. Self-possessionSomeone who is self-possessed isn't to be shaken easily. They are secure in who they are and their ideas. Self-possession is an extremely important trait of entrepreneurs, because they will be faced with many obstacles on their journey. Usually, entrepreneurs are creating solutions or businesses where they have not existed before. As such, it can be difficult to obtain funding, to compete in different markets or even to gain the unwavering support of family and friends. That's why having a strong sense of and belief in the self is vital to the entrepreneur's success. Does this mean entrepreneurs are self-obsessed? Sometimes, sure. 3. DriveEntrepreneurs always seem to have more energy than the average person. Part of this is the vision discussed above, part of it is drive. Not only does the entrepreneur have the ability to generate an idea and believe in themselves enough to see its validity, but they have the inner drive to put in the work necessary to make it happen. An entrepreneur doesn't need a boss looking over their shoulder or a manager telling them what to do. They have an inner sense of purpose that propels them forward. This allows them to work tirelessly toward their goals. This drive can help create a movement around their work. The intensity that entrepreneurs feel for their passion projects can inspire passion in others too. Moreover, this added help and support from others can be part of the fuel that makes their vision a reality. 4. FlexibilityAn entrepreneur has a vision, and they have the ability to see it through. But they also have the ability to be flexible and alter their vision to make it align with reality. Entrepreneurs may have their heads in the clouds, but their feet are on the ground. They understand that to make their vision a reality, they need funding, assistance and any number of other resources. As such, they must be adaptable to working with others and adjusting their vision to suit these real world considerations. While entrepreneurs are dedicated to their dreams, they can also see the benefits of changing it to be more inclusive or to improve the final product, service or business. They are open to hearing ideas and feedback and are able to use criticism in constructive ways. It's a simple fact that entrepreneurs come in all shapes, sizes and styles. However, in spite of these differences, they do tend to share certain inherent traits. Do you want to gain more of an entrepreneurial spirit? Cultivating these traits will help you on your journey. What are the main traits of an entrepreneur?8 traits of successful entrepreneurs--Do you have what it takes?. Strong leadership qualities. Leaders are born, not made. ... . Highly self-motivated. ... . Strong sense of basic ethics and integrity. ... . Willingness to fail. ... . Serial innovators. ... . Know what you don't know. ... . Competitive spirit. ... . Understand the value of a strong peer network.. What are the 4 P's to become successful entrepreneur?The four P's—product, price, place, and promotion—should work together in your marketing mix. Often, decisions on one element will influence the choices available in others.
What are the five traits of entrepreneur?What are the 5 characteristics of entrepreneurs?. Motivation.. Passion.. Vision.. Confidence.. Decision making.. |
