10 Characteristics of Successful Entrepreneurs 2019

Filed in Noisemakers by on May 3, 2019

10 Characteristics of Successful Entrepreneurs 2019. Being an entrepreneur is not as easy as many people think it is. It takes a lot of factors, considerations and characters before one is qualified to be an entrepreneur. An entrepreneur is any person who initiates a new business and bears the risk therein.

He/she is a person who Searches for change, responds to it and exploit the opportunity. An entrepreneur is a risk taker and one who brings product or service into reality.

10 Characteristics of Successful Entrepreneurs 2019

  • Self-Motivation. One of the most important traits of entrepreneurs is self-motivation.
  • Understand What You Offer. As an entrepreneur, you need to know what you offer, and how it fits into the market.
  • Take Risks.
  • Know How to Network.
  • Basic Money Management Skills and Knowledge.
  • Flexibility.
  • Passion.
10 Characteristics of Successful Entrepreneurs 2019

10 Characteristics of Successful Entrepreneurs 2019

10 Characteristics of Successful Entrepreneurs 2019

1. Motivation: Entrepreneur are enthusiastic,optimistic and future oriented. They believe they can be successful and are willing to risk their resources in pursuit of profit. An entrepreneur is motivated to always push his enterprise forward and increase his income at all time.

2.Creativity and persuasiveness: Any successful entrepreneur should have that capability to recognize and purse an opportunity when he sees one. He should be creative enough to give out values that will help promote and announce his enterprise to the world. He is also persuasive and persistence when it comes to business.

3.Versatility: An entrepreneur should be versatile enough before embarking into entrepreneurship . He should try and master various roles and duties at first if he will be starting as a solo preneur. He needs to be knowledgeable and be prepared for the task ahead.

4. Risk Tolerance : Starting entrepreneurial venture is a risk. An entrepreneur must have the ability and willingness to assume or tolerate risks. They should be able to carry out research on the business they intend on venturing into, in order to reduce the number of risk that could occur in the future.

5.Drive and Energy: Being an entrepreneur is not an easy job so as an entrepreneur you must possess the drive and energy to enable you run about your enterprise. A determined entrepreneur should be able to work for six days in a week and a minimum of 12 hours daily .

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6. Vision : An entrepreneur should have a vision of his enterprise I.e the ability for he/she to have a direction of where the business is heading to. Entrepreneur must have a foresight of his business and have a forecast on whether there will be a success or failure.

7. Flexibility: Entrepreneurs needs vision to face a lot of unknown that might occur in the course of the entrepreneurship. As an entrepreneur, you should be able to adapt to any situation whether favorable or unfavorable.

8. Decisiveness: As an entrepreneur, there is no room for Procrastination because this trait kills the progress of an enterprise and could lead to mismanagement of opportunities. An entrepreneur should be fast in taking decisions as the business solely depends on it.

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9. Self-confidence: As an entrepreneur, you must get to believe in yourself and in your abilities. You have to be confident, independent and optimistic in every thing you do.

10.Money management : Entrepreneurs should have the skills of managing money effectively in the right way.

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