Entrepreneurial Traits
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Entrepreneurial traits necessary for success in small business.
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FICTION: To be an entrepreneur you must be born that way.
FACT: Anyone can learn to operate like an entrepreneur.
What are the entrepreneurial traits and similarities of successful entrepreneurs?
- persistence
- desire for immediate feedback
- inquisitiveness
- strong drive to achieve
- high energy level
- goal oriented behavior
- independent
- demanding
- self-confident
- calculated risk taker
- creative
- innovative
- vision
- commitment
- problem solving skills
- tolerance for ambiguity
- strong integrity
- highly reliable
- personal initiative
- ability to consolidate resources
- strong management and organizational skills
- competitive
- change agent
- tolerance for failure
- desire to work hard
- luck – (aka: labor under careful knowledge)
In addition to the preceding traits, many entrepreneurs also had:
A role model to influence them early on; and parents who were entrepreneurs.|
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Two additional entrepreneurial traits necessary for success include: Creativity and Innovation.
WHAT IS CREATIVITY?
Creativity is being able to create new ideas and ways to solve problems that provide cool opportunities.
Characteristics of Creative People
- bright
- adaptable
- high self esteem
- challenge-oriented
- idea-oriented
- inquisitive
- curious
Gather as much information as you can (read, talk with experts, etc.) "brainstorm" over time. Just think about the problem or issue until an idea comes to you.
Is the solution reasonable? If so, try it. If not, keep thinking. Did it work? If so, great. If not, begin the process over again.
WHAT IS AN INNOVATION?
- something that is invented (ex. CD's) or
- something that is created from an existing idea or product (ex. Super Wal-Mart)
- unsatisfied customers
- demographic changes in society
- luck
- imagination
- vision
- problem-solving
Remember:
- look for new ideas
- keep it simple
- start small
- try, try, try again
Without a doubt, success in business depends greatly on the individual possessing the entrepreneurial traits we’ve discussed. However, no matter how you rate yourself today, you should know that you alone possess talent necessary to acquire whatever entrepreneurial traits you currently lack.
Only you have the power to continue on, or to surrender. PRESS ON!
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