The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do. Entrepreneurs who have no basis for their confidence are doom to failure.
Perseverance, determination
If you aren’t good at motivating yourself, you probably won’t get very far in business – especially as an entrepreneur. When you’re starting up a company and for the first couple of years afterward, there are a lot of long nights and stressful days, and the workload is heavy. You have to be able to give the job everything you’ve got every day, or it will easily get the better of you. The ability to tap into your determination and grit is not just an innate skill. You can teach yourself to get up every day and try to keep a new business going despite long odds, partly by structuring your life and job to make sure you are working toward your larger goals.
Ability to take calculated risks
The very best entrepreneurs, with strings of companies and millions in the bank, are almost always the biggest risk takers. Without risk, there is no reward. That means grabbing an opportunity when you see one and not being afraid of failure. That said, entrepreneurs take calculated risks – which their actions may look flippant, you can rest assured that they’re doing the maths inside their head to always make sure they’ve got a high chance of succeeding if they take a risk. Only a fraction of business owners become full-blown entrepreneurs – the type who run hundreds of businesses all across the world. But you can take inspiration from them, by trying to always remember to push yourself and your ideas that little bit further.
The Business plan on Challenges and Opportunities for Entrepreneurs and Business Owners
Rick Suttle Rick Suttle has been writing professionally since 2009, publishing health and business articles on various websites. He has worked in corporate marketing research and as a copywriter. Suttle has a Bachelor of Science in marketing from Miami University and a Master of Business Administration from California Coast University. Business owners often face challenges with financing their ...
Dynamism, leadership
Entrepreneurial leadership is organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimising risk, innovating to take advantage of opportunities, taking personal responsibility and managing change within a dynamic environment for the benefit of the organisation. Entrepreneurial leadership is effectively using the skills associated with successful individual entrepreneurs and applying those within the environment of the larger organisation. This especially means within an organisation where those skills have been lost and replaced with a “corporate” mindset that focuses on process, systems and risk minimisation rather than entrepreneurial behaviour
Creativity
Creative entrepreneurship is the practice of setting up a business – or setting yourself up as self-employed – in one of the creative industries. The focus of the creative entrepreneur differs from that of the typical business entrepreneur or, indeed, the social entrepreneur in that s/he is concerned first and foremost with the creation and exploitation of creative or intellectual capital. Essentially, creative entrepreneurs are investors in talent – their own or other people’s.
Ability to influence others
When it comes to management style, people either manage by power, authority or influence. Power and authority result in short-term wins but it is the ability to influence (motivate, inspire, lead by example) that provides long-term results.
Initiative
Sense of initiative and entrepreneurship refers to an individual’s ability to turn ideas into action. It includes creativity, innovation and risk-taking, as well as the ability to plan and manage projects in order to achieve objectives. This supports individuals, not only in their everyday lives at home and in society, but also in the workplace in being aware of the context of their work and being able to seize opportunities, and is a foundation for more specific skills and knowledge needed by those establishing or contributing to social or commercial activity. This should include awareness of ethical values and promote good governance. Flexibility
The Essay on The Creative Personality
Mihaly Csikszentmihalyi’s article “The Creative Personality” attempts to achieve the impossible. It seeks to provide a clear definition of the creative mind. Or, more accurately, it looks at the behavior patterns of those who are creative individuals. Through this examination, there is an attempt to record those traits that would be yield a creative personality. Of course, duplicating the actions ...
When starting a business, your endeavors do not always go according to plan. Although an entrepreneur who is a good planner has a better chance at making his business succeed, if he cannot change plans according to market trends or business needs, the business will certainly fail. A flexible entrepreneur who can switch gears and “go with the flow” has an even greater success rate.
Intelligence
Intelligence means understanding and learning what’s happening in the world outside your business so you can be as competitive as possible. It means learning as much as possible- as soon as possible – about your industry in general, your competitors, or even your county’s particular zoning rules. In short, it empowers you to anticipate and face challenges head on.
Pleasant personality
Personalities are unique as the people who own them. They range from demanding to meek, cunning to creative, and some people embody multiple personalities. At some points they might be demanding and other points they simply sit back and let others take control. When it comes to being an entrepreneur or a business owner personality can make a major impact on the business. So, it is really important to have a pleasant personality for an entrepreneur to have in order to become success.
Egoism
Courage
Imagination
Perceptiveness
Orientation
Positive response to challenge
Independence
Time competence, efficiency
Responsibility
Foresight
Accuracy, thoroughness
Cooperative
Ability to learn from mistakes
Sense of power
Efficacy
Commitment
Honesty, integrity
Maturity, balance
