While all entrepreneurs differ, there are several qualities and characteristics of an entrepreneur which are consistent. Entrepreneurs hold similar traits which can help lead to their success. An entrepreneur can be described as “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk”.
This is one of the traits which entrepreneurs tend to have across the board – less aversion to risk. Entrepreneurs thrive on risk and this is one characteristic which sets them apart from those who don’t attempt the kind of enterprise which attracts the entrepreneurial spirit.
Qualities and Characteristics of an Entrepreneur – Risk Takers
Just because entrepreneurs take risks doesn’t mean they are careless. It’s just that they are more reluctant to play it safe. Entrepreneurs see risk taking as necessary in order to achieve their goals. In order to start and maintain their own business, entrepreneurs often will risk a steady paycheck, their existing lifestyle and the status quo. The prospect of making their own decisions, not having a boss and being in charge of their own destiny is often what drives entrepreneurs to make the difficult decisions that they do.
The risk averse, on the other hand, seldom venture into such unknown territories. Often it is the comfort of their lives which prevents them from choosing a different path.
Abandoning a steady paycheck
This is probably the most difficult thing to do when considering a new direction. Letting go of the old in order to find something more rewarding is often the most difficult challenge. Fully committing to a new direction is harder still, when you are giving up some level of comfort. When you have nothing, you have nothing to lose! Entrepreneurs see comfort and not moving forwards in life and so will always seek to be learning growing and making themselves uncomfortable.
Qualities and Characteristics of an Entrepreneur – Craves New Experiences and Learning
Entrepreneurs are restless. They are always learning and improving themselves. In any industry there is always more to do and learn. Entrepreneurs know this and constantly strive to keep up with the latest information and technology in their area. They thrive on experience and if they are not learning something new and experimenting, they get bored.
“If someone offers you an amazing opportunity and you’re not sure you can do it, say yes – then learn how to do it later” Richard Branson
Qualities and Characteristics of an Entrepreneur – Self Belief
Entrepreneurs are believers. That is, they believe in themselves and that they can do better. Instead of accepting the status quo they strive for something else. Being an entrepreneur is something which happens out of an inner drive and motivation. Entrepreneurs are driven by passion. Seldom does a regular income satisfy them for long. They would rather work twice as hard for themselves in their own business, than half as hard for someone else for a regular paycheck.
Qualities and Characteristics of an Entrepreneur – Passionate
Entrepreneurs seek passion in what they do. They can’t do something to fit in a box for someone else. Not for long anyway. They seek passion in what they do not simply for the sake of their life outside work but for the ‘work’ itself. “I don’t think of work as work and play as play. It’s all living” – Richard Branson.
Qualities and Characteristics of an Entrepreneur – Determined
Entrepreneurs aren’t all given the best opportunities for free. They have often tried and failed many times. Successful entrepreneurs are so because of the ability to take failure as opportunity. Where many would give up, a successful entrepreneur will see their failure only as feedback and use it as information to become better. Successful entrepreneurs are not afraid of failure. They expect failure in order to learn and grow:
“He who has never failed somewhere, that man can not be great” – Herman Melville.
“I haven’t failed, I have just found 10,000 ways that don’t work” – Thomas Edison.
Qualities and Characteristics of an Entrepreneur – Own Business Owners
Do you have the traits of an entrepreneur? If you are hard working, entrepreneurial and looking for a business opportunity, learn how to build an online business with this business model. Many online entrepreneurs are now taking advantage of the ability to make a full time income from the internet. The internet allows anyone to build a flexible income stream around their existing obligations. An internet business also allows you to work from anywhere with an internet connection and a laptop.