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Characteristics Of Successful Entrepreneurs Essay

1112 words - 5 pages

Characteristics of successful entrepreneurs
An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs.
Passion
Most successful entrepreneurs are have a passion for their product or service as well as a desire to solve a problem and make life easier, better, cheaper (10 Qualities of successful entrepreneurs, 2010). Their desire to be an entrepreneur is mostly due to in internal factor rather than an external such as money.
Vision
entrepreneurs have the ability to come up with new ideas in various situations of which one might have never imagined. Entrepreneurs have a curiosity that identifies overlooked niches and they are constantly trying to innovate (Robinson, 2014). They imagine another world and have the ability to communicate that vision effectively to investors, customers and staff.
Clear Vision
Successful entrepreneurs have a clear image of what they want their future to be like. They hold a clear picture of the direction the company should take and have a clear plan of how they will make their vision a reality (9 essential traits of successful entrepreneurs, 2013)
Confidence
an entrepreneur will never be uncertain of whether or not they will succeed. They are confident with the knowledge that they will make their businesses succeed (10 Qualities of successful entrepreneurs, 2010). They exude that confidence in everything they do.

Open Minded
Entrepreneurs are constantly thinking of new ideas to succeed in life and solve problems in a business. They have the ability to look at everything around them and focus it toward their goals (10 Qualities of successful entrepreneurs, 2010)
Competitive
A successful entrepreneurs knows that they can do a job better than another. They feel the need to win at everything they do at the business (10 Qualities of successful entrepreneurs, 2010). An entrepreneur will compete with other businesses in order to lead their own business to success.
Creativity
One facet of creativity is being able to make connections between seemingly unrelated events or situations (10 Qualities of successful entrepreneurs, 2010). Entrepreneurs often come up with solutions to any problem they encounter (Dollonger, 2002). They will repurpose products to market them to new industries.
Determination
Entrepreneurs do not get unmotivated by defeats. They look at defeat as a lesson and opportunity to improve their skills. They are determined to make all of their attempts succeed, so will try and try again until it does (10 Qualities of successful entrepreneurs, 2010). Successful entrepreneurs do not believe that something cannot be done they are driven by the concept that ''everything...

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