Do you have the key traits of an entrepreneur? How many times have you considered starting your own business? Do you know what it takes to be successful in your own business? Over the past several months I’ve been asked numerous times to make a profile of the average entrepreneur. I’ve done my research and included a concise summary of an entrepreneur in this article. Read the five main traits of an entrepreneur and then visit our website to take our free online Interactive Entrepreneur Profiler.
Problem Solver:
Entrepreneurs have an uncanny ability to find solutions for difficult problems. The business environment of a start up company will present you with many unique problems. It is your job to quickly solve these problems.
Calculated Risk Taker:
A successful entrepreneur is a good judge of acceptable risk levels. They always research a topic before trying to make decisions and leave no stone unturned. They tend to be an adventurous group but always minimize their risk with alternate plans should something unexpected arise. Starting a business is inherently risky so you must research and plan before jumping in with both feet.
Innovator:
During their lifetime most entrepreneurs will start several businesses. This is due to the fact that they always have great new business ideas flowing through their head. An entrepreneur will start a company and then move on to the next big project. It is rare for an entrepreneur to stick around and actually “run” a company past the start up phase. The idea of running an established company does not appeal to them so they are likely to sell the business or hire someone to run the daily operations for them.
Delegate Tasks:
One of the keys to becoming an excellent entrepreneur is their ability to delegate tasks to others. When you are starting a business it’s impossible to know how to do everything yourself. Even if you do know how to do something you probably will not have time to do it yourself. Delegate those tasks and run the parts of the business that you excel in.
Handle Rejection Well:
Dealing with rejection is part of being an entrepreneur. Just trying to get a business started you are liable to run into opposition from friends, family, creditors, business associates, and soon to be ex co-workers. When you become an entrepreneur you step out of the comfort zone for many people. Whether it is out of jealousy or other factors there are many people that will not want you to succeed. You must overcome this by believing in your business and sticking to it until you obtain the level of success you desire.
Now that you know what the five main traits of entrepreneurs are I’m sure you’re wondering if you have these traits. We’ve developed a unique interactive feature on our website that will test your entrepreneurial skills.