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Sep 28, 2015 · Related: 25 Common Characteristics of Successful Entrepreneurs 3. They make the big decisions carefully. Every decision has consequences, whether good or bad. Over time, those consequences shape ...
- Lestraundra Alfred
- Discipline. Starting and operating a business is no easy feat. Unlike a traditional job where you often have upper-level management driving business objectives and keeping you accountable, being an entrepreneur requires the ability to hold yourself accountable when you don’t have a "boss" to do so.
- Creativity. Though creativity is often associated with artistic output, it is an important trait for all entrepreneurs to have. Creativity doesn’t only apply to visual elements or branding.
- Self-Awareness. Entrepreneurs who have a sense of self-awareness that they are able to apply professionally to achieve business success. When an entrepreneur is self-aware they are able to own up to their strengths and weaknesses related to running their business.
- Resourcefulness. Many entrepreneurs are faced with tasks and challenges they have never faced before. The ability to be resourceful is a mindset that helps entrepreneurs reach lofty goals without a clear way to achieve them.
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What makes an entrepreneur self-aware?
- Curiosity. Successful entrepreneurs have a distinct personality trait that sets them apart from other organizational leaders: a sense of curiosity. An entrepreneur's ability to remain curious allows them to continuously seek new opportunities.
- Willingness to Experiment. Along with curiosity, entrepreneurs require an understanding of structured experimentation, such as design thinking. With each new opportunity, an entrepreneur must run tests to determine if it’s worthwhile to pursue.
- Adaptability. Entrepreneurship is an iterative process, and new challenges and opportunities present themselves at every turn. It’s nearly impossible to be prepared for every scenario, but successful business leaders must be adaptable.
- Decisiveness. To be successful, an entrepreneur has to make difficult decisions and stand by them. As a leader, they’re responsible for guiding the trajectory of their business, including every aspect from funding and strategy to resource allocation.
- Purpose-driven company building. You might not have heard the phrase purpose-driven company before. These are companies that take action on something that is bigger than its products or services.
- Growth and Learning Mindset. Having a growth mindset is understanding that your skills and abilities can be developed and improved to increase your knowledge.
- Result-Oriented Decision Making Based on Facts. Result oriented decision making is an essential skill if you want to be an entrepreneur. Being able to look objectively at a situation and consider the results of each decision you make can give you an edge over your competitors.
- Mental Fortitude to Withstand Negativity and Being Laughed At. One of the most entrepreneurial characteristics you can possess as an entrepreneur is being mentally strong.
- Budgeting: All business ideas are limited by budgets. Successful entrepreneurship requires a firm grip on your business’s financial reality, which means learning to manage budgets, analyze financial data, and understand cash flow patterns.
- Problem-solving: Entrepreneurship has no finish line, no matter the industry. Your business journey will be chock-full of new challenges and obstacles requiring problem-solving and critical-thinking skills.
- Communication skills: Business owners are the voice of their companies. Whether you’re emailing a client, delivering an elevator pitch to a potential investor, or delegating tasks on Slack, practicing adaptability in tone and delivery is essential to effective communication, no matter the scenario.
- Time management: With so many responsibilities and decisions to make each day, you might feel like several tasks are competing for your time and attention.
Aug 30, 2016 · Here are 12 of the most common characteristics I have observed with many of the world's most successful entrepreneurs; 1. Absolute clarity of purpose. Without exception they are totally clear on ...
Mar 22, 2022 · This is a characteristic of a good entrepreneur because business owners often need to go off the beaten path. This can be scary but entrepreneurs must set aside their fears and take the leap needed to make their vision come to life. 9. Adaptability. The world is constantly changing — and so is how we do business.
