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Seven Key Qualities of Successful Entrepreneurs
A recent poll by Forbes magazine shows that majority
the readers would rather be billionaires than
a Nobel peace prize winner, a great scientist or a famous athlete.
There is no secret that most average people dream of
become rich although very few make a real effort to become one.
According to statistics, more than 100 thousand people
millionaires every year in the United States alone! Taking over
most of them are self-made and business owners. This
means, if you want to pursue your goal of being rich,
you have to start your own enterprise.
Being an entrepreneur is not an easy job! There is certainty
features that are absolutely necessary if you want
be successful in your business ventures. Some of these
traits are parts of your innate personality, and
some of them are developed over time. To know these
characteristics and identify your weak ones – those, who
need strengthening – it will help you, eventually, to become a
a successful entrepreneur.
1. General Awareness
Studies show that the most successful business people consider common
awareness as the basis of success. Common sense explained
as the ability to make a sound judgment on the issues, which you
encounter in everyday situations.
Good judgment depends on acquired knowledge and past experience.
The combination of these two creates essential prerequisites in
develops general awareness in a person. Common sense gives you a chance
to understand complex questions in simpler terms and get to the heart of it
2. Expertise in your field
It is easier to start a successful business, if you have a deep
knowledge of the field of business you decide to pursue. About
half of home business startups are launched by people who decide
the use of the knowledge, which they received from the work they did before
knowledge of a particular field.
Philip Green, billionaire, who made his fortune in clothing
sales, claiming that his experience is the cornerstone of his success
of rag trade. He can apparently price clothes just by touching them
it between his fingers. He can just by looking at the coat rack
predict which ones won’t sell next season. That’s the type
knowledge needed to be successful
About 45 percent of startups don’t last more than two years
years. One of the main reasons is that there are not many entrepreneurs
gather required business knowledge before jumping into business
3. Self confidence
Self-confidence is a key entrepreneurial skill for success. it is
easily disappointed, frustrated and resentful if you lack
Self-confidence is related to how a person feels about himself
ability A successful entrepreneur believes in his abilities. he is
not afraid to explore uncharted territories, take risks and take
Self-confidence, however, is not a personal characteristic of yourself
you either have or you don’t. A person can have high self-confidence in one
condition and completely lacking in another. This is one of those skills
which can be improved with training.
4. Ability to get things done
Successful entrepreneurs are persistent and hardworking. them
master of self-discipline to that extent if work is important
and related to their goals, they will, finally, finish it.
Accomplishing things is the vital link between motivations and theirs
result. Sometimes, entrepreneurs force them to choose a job
just kidding, pleasant versus pleasant work, working for a fee
papers rather than reading a glamor magazine. This requires a
self control that many people just don’t develop in them.
Creativity is the ability to use your ideas and think
new solutions to old problems, do things differently
or find a completely different approach to ordinary things
joint venture. Entrepreneurs need creative thinking ability
almost in everything. Every new product, every new marketing
approach, every business decision – all these are fertile ground
for creative thinking.
Often, entrepreneurs are very successful thanks to one
one creative idea!
6. Leadership ability
Successful entrepreneurs are able to lead and get people
work they did. They use a variety of different methods –
effective motivation, planning, coaching and evaluation – to
lead people. They are concerned about the well-being of others
and easily get along with people.
Successful entrepreneurs try to take full responsibility for
their actions. They know what it is today, and what
they are going to be tomorrow, depending only on themselves,
because it is the result of their own choices and decisions.
They are proactive people, who set goals, go the extra mile
to fulfill them and rely, in particular, on their own resources
If you want to know if your personality fits it
typical business profile, the following site
a questionnaire to help you evaluate your business
If, indeed, you have these great virtues and you feel them
very confident about yourself, you will never know how good
you are an entrepreneur, if you don’t give it a try! So, the
The best way to test your abilities is to start something new
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