Traits of An Entrepreneur
For the successful of any business, an entrepreneur must
have those traits that are required for successfully starting and stabilization
of the business. Following are the top traits of an entrepreneur that makes him
/ her successful in the life cycle of the business.
1. Passionate suitable to his / her skills
A successful entrepreneur must be passionate suitable to
his / her skills otherwise mere being passionate is not enough to carry on the
business successfully. There are real life examples where an entrepreneur has
passion to carry on the business but due to lack of skills, such entrepreneurs
fail at the end.
2. Risk Taker
A successful entrepreneur always takes risks especially, he
/ she is moderate risk taker to carry on the business. Risk is the part of the
business life. But taking too many risks or carrying on the business without
risk will surely lead the business into fail position.
3. Consistent
A successful entrepreneur is always consistent and
determinant person. Whatever the situation of the business, he / she is fully
determinant and consistent with the mission of the business.
4. Innovative
Merely being Consistent is not enough, in fact, an
entrepreneur should be innovative to adapt to the changes. He / she should be
familiar with new trends and updates occurred in the marketplace to satisfy the
customers’ needs and demands. New ways and improved methods can attract and
retain customers for the long period of time of business.
5. Good Planner And Leader
An entrepreneur always makes business plans and provides
guidance for its implementation. Any business without proper planning will fail
at the end. Similarly, implementation of the business plans in the wrong
direction will be failed at the end. For Example, you have a business plan that
“In one year, the sales must be increased by 500%. Eventhough, this is good
business plan, but there more chances that this plan will fail because it is
un-realistic and quite impossible to achieve this business plan in one year
besides you just create your business and your are totally new in the
competitive market.
6. Motivator
An entrepreneur that is good motivator can face difficult
business situation with open-minded and treat this crisis a challenge that explores,
excels and polishes his / her skills and talents. These difficult business
situations can lead to the business upward to downward depending how well he /
she dealt with it. If and entrepreneur positively deals and overcomes the situation
and makes future plans to control such situation can sustain his / her business
and carry on the business for the long period of time. This is the fact and secret
of Successful Entrepreneurs.
7. Learn From Mistakes
It is evident that “Mistakes are part of life”. This fact
is also holds true in business life. So an entrepreneur must learn from
mistakes and make necessary changes to get better results for the business. Only
constantly learning and learning from mistakes is the key to survive and
stabilize the business in this competitive world for the long period of time.
8. Hard Worker But Smarter
An Entrepreneur is not only hard worker but also smarter to
get better results with minimum cost. In fact, an intelligent entrepreneur
starts only those projects which are more profitable and requires less cost and
less amount time to start. Those projects that are expensive and generate less
revenues for the business should not start initially. These projects become
profitable when the entrepreneur grows and becomes more experience and has
budgets to make big projects to make these projects profitable by making good
business strategies, i.e., making partnerships with good reputable companies.
So, these are the most important and basic traits of an
Entrepreneur to successfully start a business and stabilize the business during
the crisis and carry on the business for the long period of time.
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