TRAITS OF AN ENTREPRENEUR

“Build your own dreams, or someone else will hire you to build theirs.” — Farrah Gray

“I am not a Businessman. I am a Business Man” — JRY Z

Who is an Entrepreneur?

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

In every case, entrepreneurship involves innovating new ideas, putting them into action, and persevering through challenges. Some entrepreneur characteristics are natural personality traits, but there are also skills and characteristics you can cultivate through practice.

In this article, I will introduce you to seven traits of a successful entrepreneur. They are,

1. Creativity
2. Passion
3. Motivation
4. Vision
5. Decision-making
6. Self-confidence
7. Open-minded

Now let’s discuss each of the above-mentioned traits in detail.

1. Creativity

Becoming an entrepreneur starts with an idea. You need to see opportunities, find innovative ways to do things, and bring solutions to the public.

To improve your creativity, develop habits that support the creative system. Think about what makes you feel creative, such as music, meeting people, reading, or some other activity. Dedicate a specific part of your day to find inspiration for new solutions. During this part of the day, start by doing what inspires you, then let your mind flow. You can make a list of ideas and select some to pursue.

2. Passion

Entrepreneurial passion is a motivational construct characterized by positive emotional arousal, internal drive, and engagement with personally meaningful work that is salient to the self-identify of the entrepreneur.

Entrepreneurial passion is a motivational construct characterized by positive emotional arousal, internal drive, and engagement with personally meaningful work that is salient to the self-identify of the entrepreneur.

3. Motivation

Entrepreneurial motivation is the process of transforming an ordinary individual into a powerful businessman, who can create opportunities and helps in maximizing wealth and economic development. It is defined as various factors that stimulate desires and activate enthusiasm in entrepreneurs which make them attain a particular goal. Entrepreneurship is the process of identifying strengths and opportunities which help in the realization of one’s dreams for designing, developing, and running a new business by facing threats and risks effectively.

To become an entrepreneur one should identify their strengths and opportunities from the external environment. Here motivation plays a major role in identifying their own strengths to become strong leaders or powerful entrepreneurs which makes them to accepting risks and face uncertainty for the purpose of reaching pre-described goals.

4. Vision

Entrepreneurs have a vision. They see a big picture they wish to accomplish, which fuels their efforts and pushes them to do more. Moreover, vision is what defines the culture and identity of an organization. Not only does it keep entrepreneurs energized, but it allows them to motivate others and keep them working towards the company’s success.

To improve your entrepreneurship vision, you can implement a daily action plan. Prioritizing your tasks can keep you from feeling overwhelmed and help you stick to your vision. Also, listen to or read uplifting content to fortify your mind and stay focused on your purpose.

5. Decision-making

Entrepreneurs need to make quick decisions and take action for the success of their business.

To improve your decision-making skills, you can inform yourself to understand better the problems you try to solve. Assess the impact of the decision you need to make, and allow a corresponding amount of time to decide. You can also narrow your options to ease the process of making a decision.

6. Self-confidence

Striking out on your own takes self-confidence. The road is not always easy and the smart entrepreneur always looks for ways to maintain and improve their confidence.

One of the main ways they accomplish this is by reaching out to other confident people and making them part of their circle. They may belong to groups on Facebook or LinkedIn and take notice of people with amazing confidence. By moving into that person's circle, the entrepreneur can ask questions and also model the confident person.

Entrepreneurs are confident people and they know that they will have failures. Their confidence builds when the dust settles and they move forward with even greater enthusiasm.

7. Open-minded

When you’re too set on doing things a certain way, you’re not open to better plans. As long as you keep your eyes on your end goal, having an open mind allows you to pivot quickly and take advantage of opportunities that weren’t part of your original plan. If you tether yourself to ideas about how you’re going to achieve your goal, better opportunities don’t come up on your radar. Successful entrepreneurs are open-minded enough to see all the possible moves before they make one. Someone open-minded is willing to accept or learn about new ideas and opportunities. That’s why open-mindedness is such an essential trait for an entrepreneur. If they remain open to new business opportunities, they could find success in a completely different way.

For example, an entrepreneur starts a workout-app company wherein gym-goers can connect with personal trainers. This idea proves unsuccessful, and so they try to start a social media advertising consultant firm.

Thank you very much for reading!

Hope to see you again with another article. Till then, STAY SAFE!!!

Happy reading …