Author Kabita Kafle Publish date : 3rd October 2020
An entrepreneur is an individual who takes risks and uncertainty for his/her enterprise in an innovative way. The entrepreneur is an innovator who creates something new, devoted their time and effort to bring something new in the market and replace it with the old one. Entrepreneurship means the process of starting or building an organization, or company to earn profits or to serve the needs of the society, the objective depends upon the company.
Most of the people want to be an entrepreneur and want to establish their own business but not all people get succeed. Many factors contribute to a successful entrepreneur. Here are some personality traits that contribute entrepreneur to succeed in their business
Starting and operating is not a difficult task but to hold on that business might proceed with the business to the next level so that an entrepreneur should require the ability to hold you accountable. An entrepreneur should be self-disciplined to manage the urge to procrastinate and can take decisive action when needed.
Creativity gives birth to something new. For without creativity, there is no innovation possible. Entrepreneurs usually have the knack to pin down a lot of ideas and act on them. Creativity helps in coming up with new solutions for the problems at hand and allows one to think of solutions that are out of the box.
Entrepreneurs who have a sense of self-awareness that they can apply professionally to achieve business success. When an entrepreneur is self-aware they can own up to their strengths and weaknesses related to running their business. The benefit of being self-aware is that it increases one’s ability to give, receive, and apply meaningful feedback.
When you’re your boss you have to be able to keep yourself motivated to work effectively and consistently. Entrepreneurs must be able to work through creative ruts and points of feeling uninspired to keep their businesses going.
An entrepreneur should have Confidence while they have to introduce a new product to market, seeking funding for their business, interact with their customer. He/she have to speak clearly and confidently so they would believe in you.
To have a sustainable business and see long-term success, entrepreneurs must be willing to pivot when necessary. When an entrepreneur is flexible in their approach, they can take advantage of new opportunities as they come which can pay off in the long run.
Risk-taking ability is essential for an entrepreneur. Without the will to explore the unknown, one cannot discover something unique. Entrepreneurs have a differentiated approach to risks. Good entrepreneurs are always ready to invest their time and money. But, they always have a backup for every risk they take.
Communication skills for leaders are effective listening, getting a message across clearly and vividly, and providing feedback in a supportive manner. When a business owner can effectively listen to their customer, they can implement customer feedback that can help them improve their offerings.
Many entrepreneurs are faced with tasks and challenges they have never faced before. The ability to be resourceful is a mindset that helps entrepreneurs reaches lofty goals without a clear way to achieve them. Many entrepreneurs are faced with tasks and challenges they have never faced before. The ability to be resourceful is a mindset that helps entrepreneurs reaches lofty goals without a clear way to achieve
A process is a repeatable series of steps that help those working within a business to complete necessary tasks. Processes can apply to various aspects of the business including sales, on boarding new team members, production, and product fulfillment. When business owners have a process-oriented mindset, they can work smarter, not harder. Implementing processes in various areas of the business can prevent waste, allowing business owners to scale and grow their businesses.
Empathy is an understanding of what goes on in someone’s mind. A good entrepreneur should know the strengths and weaknesses of every employee who works under him. Keeping a workplace light and happy is essential. For without empathy, an entrepreneur cannot reach the hearts of employees nor the success he desires. Empathy is one of the most important characteristics of an entrepreneur.
Successful entrepreneurs must have a sense of resiliency. While running a business, it is common for entrepreneurs to face closed doors and to be told “no” often from potential customers and those they are seeking funding from.
Professionalism is a quality which all good entrepreneurs must possess. An entrepreneur’s mannerisms and behavior with their employees and clientele go a long way in developing the culture of the organization.
Passion acts as a driving force, with which, you are motivated to strive for better. It also allows you the ability to put in those extra hours in the office which can or may make a difference. Passion ensures that you can overcome these roadblocks and forge ahead towards your goal.
An entrepreneur must be accepting. The true realization of which scenario or event can be a useful opportunity is necessary. To recognize such openings, an open-minded attitude is required. . Good entrepreneurs know they can learn from every situation and person around them. Information obtained can by using process of planning.
Entrepreneur devoted their time and effort for their business .These personality traits helps entrepreneur succeed their dreams project. This element helps every entrepreneur contribute in their business success.