Steven Krane - Most Important Characteristics of an Entrepreneur

1. Steven Krane - Most Important Characteristics of an Entrepreneur It is said that in order to become a successful individual in whatever endeavor you wish to take, you must have the right attitude and characteristics. This is also true with an entrepreneur. What is an entrepreneur? Ask ten individuals what an entrepreneur is and you'll get ten different definitions. According to one definition, an entrepreneur is one who combines the land of one; labor of another and the capital of yet another, and, thus, produces a product. Do you posses the characteristics of an entrepreneur? What entrepreneur characteristics do you need to get a successful business off the ground? Are they really important? Well, of course the characteristics are important, because if you don't possess them, you will have lower chances in terms of business success. Some entrepreneurial characteristics are learnable while others may be more difficult to achieve. The characteristics are as follows - o Risk Taken Personality - this is a very important characteristic of an entrepreneur. The ability and willingness to make decisions in the absence of solid data, and a generally risk-taking personality Entrepreneurs have historically been known as risk takers seeking to make their fortunes. An entrepreneur should know how to handle the risk by predict measure and calculate of whatever risk

2. anticipated along the way to achieve their objective. If you're not willing to take any risk, then you will not succeed as a businessperson. o Discipline - Being discipline is perhaps the most important characteristic of an entrepreneur. Willing to do whatever it takes to reach to the finish line. His drive must always be at its highest level for being an entrepreneur would make you work overtime. o Smart - being smart is another characteristic of an entrepreneur. You could also say that those who are most likely to succeed are not only willing to work hard, but they also know how to work smart. Once achieve a coal, they quickly replace it with a greater goal. Working smarter, not harder, separates successful entrepreneurs from those who can't quite get over the success hurdle. o Leadership - is a characteristic that is often hard to find among individuals. Not many individuals have the nerve to take the lead, you must be a leader. Some say that this is a born characteristic while others say that if you don't possess it, leadership can be learned. You're quite lucky if you're a born leader because you only have to develop your other qualities and use them when you choose to become an entrepreneur. As a leader, you should be able to guide, influence, and direct people. During these difficult times, leadership skills, which include communications and patience, become critical. o Inner passion for business - another important characteristic is having the right passion for business. You have to maintain your enthusiasm and interest in the business. As long as you have the right drive and passion, you can run the business for a long time. An entrepreneur must really love what he/she is doing in such a way that it does not appear to be hard work, but rather something they enjoy and want to do. o Honest and trustworthy - some say that eighty percent of an entrepreneur's time is dedicated to pooling and attracting customers. This may be true because without the customers, the business will not exist. You have to be honest and trustworthy so that you can develop good will. o Determination - Anyone can call himself an entrepreneur, or start his own business, but success requires knowledge, hard work, and determination. He or she must be willing to accommodate the desire goal by dedicating him/herself to hard work. The personality of an entrepreneur expresses an intense desire to achieve

3. The characteristics listed above are the common characteristics found in entrepreneurs. Even when a person lack one or more of the characteristics listed above, he could still succeed if there are other factors working in his favor. The better news is that anyone with the right desire and commitment can achieve success as an entrepreneur. There are also certain characteristics of an entrepreneur that make you more likely to become an entrepreneur, such as having family who were self-employed.