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Key Entrepreneurship Qualities

By Chandra Vennapoosa | on July 28, 2012 |
Entrepreneurship

Entrepreneurs possess qualities that make them successful at what they do. Training, discipline, environmental influence, and drive are some of the key aspects of an entrepreneur. It is imperative that those who aspire to become an entrepreneur should basically possess these essential qualities.

With a commitment to change, develop, and acquire these qualities, you could make a big difference in your life. The following qualities will help you familiarize with the key values required to achieve success in entrepreneurial endeavors.

Top Seven Qualities of Entrepreneurs

While there are many qualities that entrepreneurs have, seven rank high among them. They are as follows:

1. Strong belief in themselves

First of all, an entrepreneur must firmly believe in their own abilities. If they are not confident with what they are capable of doing, they will never be able to shine through. Belief in oneself is very important for every entrepreneur, they are focused on their goals, and they are also assertive individuals.

2. Open-mindedness and Dynamism

Entrepreneurs are open to all ideas and they accept constructive criticism. They are not afraid to make mistakes and they know that problems and rejection are inevitable. They accept it as a fact of life and are ready to face them. Alongside this, entrepreneurs are also not afraid of change, and in fact, they welcome change as they are always looking forward to the future.

3. Competitiveness

Majority of entrepreneurs are not in it for the money but they are constantly working hard to succeed because they have set high expectations for themselves and always believe that if others can do it, so can they.

4. Drive to succeed

A true entrepreneur can never be dissuaded. They want to be successful and will go out of their way to make that happen. They are pretty much highly driven and see the bigger picture no matter how much rejection and problems they are faced with.

5. Resourcefulness and Creativity

An entrepreneur is constantly finding ways to improve things and will not stop in this quest. They innovate and they create new things. It starts with a vision and they make it into a reality.

6. Energy and Motivation

Because entrepreneurs are passionate individuals, they are often seen as energetic and are always moving about. They do not like to just sit at a table doing nothing. They like to get things moving and motivate others to do the same too.

7. Leadership

This is perhaps the single most important quality of an entrepreneur. To be successful, one must have what it takes to influence others and to initiate change. Without leadership, it would be difficult for a person to make this happen.

How to Develop these Qualities

As mentioned, these qualities are not innate in a person. Successful entrepreneurs today took the same path we did although many of them have realized their potential at a very early age. Regardless, if you want to develop these qualities, here are some ways to do so:

  • Create a dynamic business environment. More often than not, such an environment should start at home. Develop and encourage the ideas of setting up business ventures and give yourself or any family member the support needed.
  • Develop a can-do attitude. You must develop a mindset that looks at possibilities in a positive way. You must accept that anything is possible if you work hard enough at it.
  • Keep the end in mind. Never lose sight of your goals but of course, for you to be able to do this, you must have a set of goals that you hope to achieve, so list them down.
  • Seek help and training. There are consultancy services that would provide you the training you need to acquire entrepreneurial qualities.

How to Assess Your Entrepreneurial Skills

To determine the level of entrepreneurial skills you currently have, there are several options for you. The first one is to list down all the qualities you have. Take a moment to think about this and write down what comes into your mind. You can also employ the help of colleagues, family, and friends and ask them about all the qualities they have observed in you.

You can also take online tests which will pinpoint to you the entrepreneurial qualities and skills you have. These online tests are mostly free and will not require any membership. Then, you can also set an appointment with consultancy companies that make a living assessing qualities of individuals and training them to become entrepreneurs.

« « Entrepreneur Characteristics
Entrepreneurship Phases » »

Author Description

Chandra Vennapoosa

Chandra Vennapoosa, B.S Arch Graduate, Managing Director - Exforsys Inc, Founder of exforsys.com and geekinterview.com. Chandra's mission is "to provide quality career coaching and interview advice for aspiring candidates". She is an avid writer and is also very passionate to help others become professional freelancers. In addition to several online trainings, she has authored the popular book "How to Become a Successful Freelancer"

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