QUALITIES OF A SUCCESSFUL ENTREPRENEUR Being an entrepreneur is about more than just starting a business or two, it is about having attitude

and the drive to succeed in business. All successful Entrepreneurs have a similar way of thinking and posses several key personal qualities that make them so successful in business. Successful entrepreneurs like the ambitious Richard Branson have an inner drive to succeed and grow their business, rather than having a Harvard Business degree or technical knowledge in a particular field. All successful entrepreneurs have the following qualities: 1. Inner Drive to Succeed : Entrepreneurs are driven to succeed and expand their business. They see the bigger picture and are often very ambitious. Entrepreneurs set massive goals for themselves and stay committed to achieving them regardless of the obstacles that get in the way. 2. Strong Belief in themselves : Successful entrepreneurs have a healthy opinion of themselves and often have a strong and assertive personality. They are focused and determined to achieve their goals and believe completely in their ability to achieve them. Their self optimism can often been seen by others as flamboyance or arrogance but entrepreneurs are just too focused to spend too much time thinking about un-constructive criticism. 3. Search for New Ideas and Innovation: All entrepreneurs have a passionate desire to do things better and to improve their products or service. They are constantly looking for ways to improve. They're creative, innovative and resourceful. 4. Openness to Change : If something is not working for them they simply change. Entrepreneurs know the importance of keeping on top of their industry and the only way to being number one is to evolve and change with the times. They're up to date with the latest technology or service techniques and are always ready to change if they see a new opportunity arise.

5. Competitive by Nature : Successful entrepreneurs thrive on competition. The only way to reach their goals and live up to their self imposed high standards is to compete with other successful businesses. 6. Highly Motivated and Energetic : Entrepreneurs are always on the move, full of energy and highly motivated. They are driven to succeed and have an abundance of self motivation. The high standards and ambition of many entrepreneurs demand that they have to be motivated! 7. Accepting of Constructive Criticism and Rejection : Innovative entrepreneurs are often at the forefront of their industry so they hear the words "it can't be done" quite a bit. They readjust their path if the criticism is constructive and useful to their overall plan, otherwise they will simply disregard the comments as pessimism. Also, the best entrepreneurs know that rejection and obstacles are a part of any leading business and they deal with them appropriately. 8. An entrepeneur must be a risk-taker : A businessman must always have the confidence and the guts to pursue a venture that he believes would push through and flourish. He cannot be risk-averted, for it could take its toll on the opportunities that he will miss. 9. An entrpeneur must think critically : A thorough analysis and study of the industy and the business environment. In this way, he could identify the trends and the current status of the industry that he wishes to pursue or join. Matched with his risk-taking attitude, certain success awaits him. He should think, always, "outside-of-the-box." 10. An entrepeneur must have a wide network of contacts : He must have numerous connections with other entrepeneurs, so as to expand his horizons and discover further business opportunities. 11. An entrepeneur must know how to rise again when he stumbles : Failure is not the end of the game. Instead, it should be considered as a challenge and as the

start of another business chapter. Through failures, one learn to cope and recover, as experience is gained at each circumstance. 12. An entrepeneur must be persistent and resourceful : Just like the foregoing attribute, he must learn how to stand up from a fall, muster enough courage to recover and face the business fray once more. IN the process, as he perseveres, he is also ought to discover, invent and devise ways on how to correct his previous mistakes and so prevent them form recurring.
13.

Self-confident : Self confidence is a key entrepreneurial skill for success.

It is easy to become demoralized, frustrated and resentful if you lack selfconfidence. Self-confidence is concerned with how a person feels about his ability. A successful entrepreneur believes in his abilities. He is not scared to explore un-chartered territories, take risk and take difficult decisions. Selfconfidence, however, is not a personal trait that either you have or you don't. A person can have high self-confidence in one situation and totally lack in another. This is one of those skills that can be developed by training.
14.

Hard working : Successful entrepreneurs are persistent and hardworking.

They master self-discipline to such extent that if a work is important and related to their goals, they will, eventually, complete it. Getting things done is the vital link between motivations and their outcome. At times, entrepreneurs force themselves to choose work over fun, a boring job against a pleasant one, working on tax papers rather than reading a glamour magazine. This requires a self-control that many people simply fail to develop in them.
15.

Responsible : Successful entrepreneurs try to take full responsibility for

their actions. They know that what they are today, and what they are going to be tomorrow, depend solely on themselves, as it is the outcome of their own choices and decisions. They are proactive people, who set goals, walk an extra mile to achieve them and rely, primarily, on their own resources and abilities.
16.

Goal-oriented : Successful entrepreneurs are capable of leading people

and get work done by them. They use a combination of various methods effective motivation, planning, coaching and evaluation - to lead people. They are concerned about the wellbeing of others and easily get along with people.

17.

Risk taking : Risk taking- successful entrepreneurs must have ability to

face with any risk, evolved from the action taking. And also, they must capable to find out any new solutions in their business matters or problems.
18.

Creative and innovative : Creativity is the ability to use your insights and

come up with new solutions to old problems, get things done in a different way or find a totally different approach for conventional things to work together. Entrepreneurs need creative thinking ability virtually in everything. Each new product, each new marketing method, each business decision - all these are fertile ground for creative thinking. All entrepreneurs have a passionate desire to do things better and to improve their products or service. They are constantly looking for ways to improve. They're creative, innovative and resourceful.

True entrepreneurs are resourceful, passionate and driven to succeed and improve. They're pioneers and are comfortable fighting on the frontline The great ones are ready to be laughed at and criticized in the beginning because they can see their path ahead and are too busy working towards their dream.

IN SHORT • • • • • • • • • High levels of optimism and confidence Vision and passion in their dreams and convictions Surround themselves with other like-minded people Highly resourceful, creative and inventive Seize opportunities and create their own whenever possible Know what motivates them and have a strong sense of personal identity Spend a substantial amount of time on introspection and self-discovery Refuse to let other people dictate how they should live Take responsibility for their happiness

Spin challenges into their greatest motivators-and sometimes biggest advantages

Sign up to vote on this title
UsefulNot useful