7:13 AM
CR Zaman
An entrepreneur plays a key role in the progress of an economy.
He brings about a change in the economy.
Seen as a leader and not just a businessman with stacks of money in his locker
Has a telescopic faculty to seize the opportunities for exploitation
A successful entrepreneur possesses unique set of qualities which are discussed against the post featured Image.
Independent:
Almost every entrepreneur starts on his own as he hates working for others.
He thoroughly enjoys being his own boss.
Risk taker:
Entrepreneurs are born risk takers as they are always willing to take decisions under uncertainty.
They cannot be labeled as gamblers because they take moderate and calculated risks, unlike gamblers who play wild.
Desire to achieve:
Entrepreneurs are driven by a strong desire to achieve
They set high goals and strive to achieve them, come up what may
Locus of control:
A theory in personal psychology propounded by Julian B. Rotter, is about:
The extent to which an individual believes that he can control the events that affect him.
Entrepreneurs possess an internal locus of control which makes them believe that they have the ability to control the situations and turn them in their favor instead of relying solely on luck.
They strongly believe that they can shape their destiny.
Confident:
Entrepreneurs are people with high self-esteem and confidence level
Keen learner:
Entrepreneurs realize that they are not perfect
They are willing to learn and acquire as much knowledge as possible
Much of their learning comes from outside the classroom and through their own mistakes, experiences and research
Never carry a know-it-all attitude
Like to surround themselves with people who have something new to offer in terms of knowledge and experience
Perseverance:
This is one quality which differentiates a successful entrepreneur from a so called not-so-successful one
Entrepreneurs have the ability to engross themselves completely in whatever tasks they undertake
They stick to their goals and course of action till they convert their vision into reality
An opportunistic mindset:
Entrepreneurs are always quick to grab any opportunity that comes their way
This ability takes them far ahead of their competitors
They have this unique ability to see an opportunity in the midst of disruption and chaos
Interpersonal skills:
Business is all about dealing with people
Entrepreneurs during their course of action come across people from varied backgrounds and interests
They have to deal with suppliers, manufacturers, employees, investors, customers, etc.
Hence, the quality to deal with people effectively is much needed and of prime importance
Team player:
Entrepreneurs have this amazing ability to work with a team while following their instincts
Ability to deal with stress:
Entrepreneurs are relentless workers
They can work nonstop for hours and still maintain the same level of energy and enthusiasm
They face numerous challenges, but their ability to keep themselves cool during stressful times helps them to make right decisions
Telescopic vision:
Successful entrepreneurs have this ability to foresee future and think ahead of times
This ability enables them to prepare themselves and their enterprise for the changes in demands in the near future
Innovator:
The quality that differentiates an entrepreneur from a so called businessman is his ability to innovate
Entrepreneurs always bring about a change in the world by introducing new products to this world
Flexibility:
Successful entrepreneurs are flexible in their approach
They would not hesitate to change their decisions if the situation demands
Open-mindedness is one of their greatest strengths
Self-critical:
Entrepreneurs are always aware of their weaknesses and constantly try to improve upon by learning from their past experiences
They know what they don’t know and have no qualms in admitting that
Leadership:
Like any good leader, entrepreneurs get along well with others
Are quite open to criticisms and suggestions
Passionate:
Entrepreneurs are passionate about what they do.
Other traits:
Apart from the above mentioned qualities, traits such as assertiveness, credibility, patience, problem solving attitude, resilience and concern for quality for work are commonly found in successful entrepreneurs.
