What are the qualities of an entrepreneur?
- entrepreneurs have a strong passion for their idea or concept, so much so that their work is their play. If you don`t
like what you do, you won`t stick it out when challenges come along, as they inevitably will.
Curiosity - entrepreneurs need to understand how things work. They ask a lot of questions. Curiosity
therefore triggers innovation.
Hunger - entrepreneurs are sponges. They devour information
about their industry and are always current on new and emerging trends and technologies, not only in their specific industry but in
closely related industries. Entrepreneurs are ALWAYS looking for new markets, applications, products or twists on an old concept.
Optimism - entrepreneurs think of problems as opportunities for improvements and new
Forward looking - entrepreneurs are never satisfied with the status quo and are
always proactively carving out their future.
Careful about money - entrepreneurs are
careful with money and have a firm grasp on what things cost and their value to the business. This allows them to recognize a true
bargain when they see one.
Start earning at a young age - entrepreneurs commonly display
entrepreneurial leanings as teenagers seeking out entrepreneurial activities such as babysitting, selling craft, running errands..
Competitive - entrepreneurs are naturally competitive and don`t let the grass grow under
Time conscious - entrepreneurs know the value of time and how to make the best
use of it.
Risk takers - entrepreneurs are not afraid of taking calculated risks. They
typically trust their hunches and act on them.
Professional - entrepreneurs are professional
in their approach to work. They operate as they would in a corporate environment and don`t allow themselves to be distracted by
High energy - entrepreneurs have a plan and a vision and they work it.
Entrepreneurs are often health-conscious too, recognizing that the fitter they are, the better their minds work. So entrepreneurs will
take time from their schedule to work out and eat well.
Flexible - entrepreneurs are
nothing if not responsive to change. Although they appreciate the importance of having a plan and working that plan, they allow
themselves room to react and respond to opportunities that may suddenly reveal themselves.
goal-setters - entrepreneurs are confident and set long-term goals, both for themselves personally and their businesses.
Persistent - entrepreneurs never give up. They persist until they succeed. Learn from failure - entrepreneurs learn from their failures and those of others. Failure to an entrepreneur
is nothing more than an opportunity waiting to be discovered.
Self responsibility -
entrepreneurs take the initiative and personal responsibility for their success or failure (which is always a merely temporary state).
Resource utilization - entrepreneurs utilize ALL of their available resources.
Internal control - entrepreneurs don`t believe in luck. They firmly believe that success and
failure lies within their personal control or influence.
Now more than ever, with the advance technology available, it is
quite possible to run an enterprise on one`s laptop. Communication being what it is today, the whole world could be your playing