10 Best characteristics of a successful entrepreneur
If there is something that has been studied a lot in recent years are the traits of an entrepreneur, even generating debates to know if an entrepreneur is born or made.
In this article we will talk a little about the conclusion of these debates, and we will also mention the characteristics of a successful entrepreneur.
Is an entrepreneur born or made?
Especially in recent years we have found that the entrepreneurial attitude is of vital importance in all aspects of life as we live it today.
For many, entrepreneurship is something that is carried inside, and at the slightest opportunity it comes out. While for others there is the preparation to be an entrepreneur. However, the truth is that there is no entrepreneurial process path more or less correct than the other.
While some people seek to do as many courses as possible, questioning what to study to become an entrepreneur, there are other people with a fixed vision on the goal, where they learn as they go, and are also the protagonists of success stories.
All this has led us to enter into the debate about whether an entrepreneur is born or made.
Or if perhaps a person who is not born with these gifts has the possibility of acquiring them as he or she advances in the educational or professional field.
It can be assumed that the entrepreneur is born in the sense that there are certain personality traits that favor entrepreneurial activity. That in most cases is what comes to define how good performance will have that person.
But another reality that cannot be ignored is the fact that the entrepreneur is made as he/she goes along the way.
Since aptitude and disposition are only 50% of what is needed to become an entrepreneur, study, work and professional growth, and daily learning, also form the entrepreneur.
10 Best Characteristics of a succesful entrepreneur
A good entrepreneur must be able to visualize the business he or she wants and make it a reality.
The great idea, the thought, and the desire are the first step to succeed in the work environment when you want to go your own and independent way.
But it is not enough to stay there, since it is also necessary to recognize what means are needed to carry out the project you have, always keeping in mind that if you are not the one who makes that idea you had come true, no one else will do it for you.
Maybe looking at it from our point of view Mark Zuckerberg, among other entrepreneurs, have had an enviable success. We may think that they were lucky, but we do not know how much effort there was in reality to make everything they have today a reality.
Among the characteristics of a successful entrepreneur can never miss the constancy, for a reality is that very few succeed with their first attempt. Or some take much longer to reach their goals than others. But the key is not to give up and take what started as an idea to a resounding reality.
We have told you that the first step to start a business is to have an idea that later, with effort, you will turn it into a project. But this is not all, because you must be careful with “creativity” inspired by other people’s ideas.
What we mean is that you must be creative at the highest possible level. To be successful in entrepreneurship it does not matter how many people offer that service or product, what matters is how original and refreshing you make yours look to others and, for that, you have to be creative.
4. Decision-making capacity
Any project that has to do with a venture, sooner or later, will reach the point that perhaps could be considered as the most important: decision making. A simple “yes” or “no” can completely change the course.
Decision-making encompasses a couple of characteristics of an entrepreneur, such as patience, creativity, perseverance, and many others that will make the ability to make decisions much better than those who believe that the first thing that crosses their minds is the right answer.
The most advisable thing to do in this type of situation is to analyze the advantages and disadvantages that you may have, always from an objective point of view. Only this will be something that will help to make the decisions that are taken as accurate as possible.
A reality that strikes many entrepreneurs is the fact that no one will believe in you if you are a person who, while trying to sell an idea, doubts it. It is extremely important that customers, partners, suppliers, your team, or anyone involved in the project, see you as confident.
Confidence is one of the characteristics of a successful entrepreneur because this is what will help keep other people interested in the project. The moment you start to feel doubts, and reflect them which is more important, then your environment will take it and will have repercussions on your project.
Every business, no matter how small, must be taken with the utmost seriousness. From the moment you decide to start a business, you must keep in mind that you are making a commitment not only to the project, but also to yourself as part of it.
The best thing you can do in these cases is to get involved in all activities and take responsibility both with your team (if you have one) and with your clients (no matter how many or how few). And even more so with partners or suppliers, who will be a vital piece in achieving success.
7. Ability to delegate and team building
This is one of the characteristics of an entrepreneur that should certainly be polished. First of all, it is important to remember that giving orders is not being a good leader, and gathering a group of people is not knowing how to create a team.
Usually when we most need this trait is when the project is already underway or is a reality. It is then when we must be able to take the reins and delegate all the functions we cannot handle to qualified people.
When selecting people to participate in a venture, the task for which they are wanted should always be taken into account, beyond the level of affinity or trust that we may have with them. Remember that these are businesses, and not all of them have to be family members.
Intelligence is undoubtedly one of the traits needed to be an entrepreneur. However, within this context, what is smart, and what is not, can vary in many cases, so it should always be kept in mind in every aspect.
For example, an entrepreneur must be smart when making decisions, when developing the project, when it comes to identifying the best opportunities and taking advantage of them. It is an accumulation of actions that will help to describe if he is smart, or he may not have polished it so much.
9. Risk tolerance
The main reason why many people do not take the risk of making a project a reality is precisely for fear of failure.
Although some may consider the economic factor, the reality is that everyone is standing in front of the line of what it takes to make it happen.
Risk tolerance is one of the characteristics of a successful entrepreneur that makes the most difference: how can you expect to succeed in something if you don’t take the risk to try it, and even once you succeed, risk tolerance must remain because what is not renewed, becomes extinct.
No matter if you want to start a project from scratch, you have a stable project, or you are looking for opportunities, you must always have that nerve that makes you take risky paths. Of course, always in a responsible and intelligent way. But to walk this kind of paths are the ones that lead to success.
10. Capturing opportunities
At this point other traits of an entrepreneur can be mixed in, such as the patience to know how to wait, or the intelligence to detect real opportunities when they arise, and even the perseverance to try as many as possible.
But the reality is that an entrepreneur must always be able to look at his environment from an objective point of view with the intention of being able to determine when the opportunity to commit such and such an action has presented itself and take advantage of it.
Plot twist: in some cases those opportunities will also have to be worked for and not just waited for.