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What Is An Entrepreneur? Success will not come without hard work
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What Is An Entrepreneur?
If you’re looking for some of the top traits and characteristics of an entrepreneur, then you’ve come to the right place… Every day you see successful entrepreneurs with their innovations making a headline. If you ever wonder how they achieved that success, of course, the only answer is by doing things that any other person has failed to do.
Entrepreneurs are not just lucky or magically talented. They dedicate their life to build a business and creating an opportunity for themselves to be a better person. Humans will face countless problems every day, however, most of the time they just rely on other entrepreneurs for solutions.
There is no reason you could not be one of the successful entrepreneurs if you willing to leave your comfort zone and make the move. Although there is no certain theory for entrepreneurship, these few characteristics are the keys to become a successful entrepreneur.
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The first characteristic of successful entrepreneurs is the ability to see an opportunity. They are a calculated risk taker that will not hesitate to dive into an uncertain situation. There is no plain bad or plain good for them since they are always evaluating the risk and potential opportunity that lays ahead. It does not mean that they will risk everything they have just to achieve one goal. A good entrepreneur will assess the risk and the result of their action wisely before making a decision. They will not be afraid to turn the situation into their advantage whenever it is needed.
Having self-discipline is a must to be a successful entrepreneur. They believe in themselves because they know exactly what they are capable of. It is very easy to become discouraged when you do not understand yourself well. Without discipline, you will not have the power to push yourself out from your comfort zone. Entrepreneurs do not waste their time whining, instead, they do everything wholeheartedly until they are satisfied with the result. Outsiders might think that they are just plain stubborn. However, what they’re actually doing is giving everything they can in order to achieve their purpose.
Success will not come without hard work. A lazy person will miss a good opportunity just because he/she does not bother to look further ahead. Every successful entrepreneur is a hard worker. Often they work more than their peers just because personally they think the result is not good enough. They do not think of “effort” as more workload since they’re doing it for personal and business growth. They take rewards from accomplishment not by collecting hours.
There is no certain guideline is building a business. The customer’s interest always changes; what is considered good now can lose the market’s interest over a week. An entrepreneurial venture is not only about what you think is good. You have to understand your market and make sure there’s a need for your product or service. Being an entrepreneur requires a flexible and open mind. They are not afraid of critics and suggestions. They are willing to do some modification on their own ideas if the result is good. They will put customer satisfaction above their ego to achieve their goal.
When a person decides to start a business, good management skills is an important characteristic. Being a leader means you know how to lead yourself. You have to understand how to manage your time, money and effort in order to reach a goal. You have to know your employee’s capabilities and divide the right tasks to them. Without good management skills, an entrepreneur will not survive in the harsh business environment. If someone cannot manage himself, there is no chance he can manage people who work for him.
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Mistake and failure are only a process to be a better person. An entrepreneur never sees a problem as an obstacle, but a challenge. In fact, only during the hardest times, you can really know your true abilities. They face the problem with positive and logical thinking. They break down the problem step by step and try to overcome it methodically with the right strategy. Entrepreneurs will not hesitate to seek an answer from others, do extensive research to discover exactly the root of the problem. If they have failed, they will try the other way. If there is no answer, they will create a new formula.
Learning is a process that never is done as long as you are alive. It is true that knowledge is a power. Without enough knowledge, you will not be able to build anything. An entrepreneur spares a good portion of their time to learn. They follow the latest technology and news. They understand that without innovation, a business will not last with the world’s rapid development. They keep learning so they can be the ones who brings that innovation. There is no time wasted for doing anything unuseful. Even when they are taking a holiday, they learn from their surrounding.
A successful business needs a go-to network. It is important to be wise when you choose an acquaintance. An entrepreneur will look for a person with the same vision and spirit. They will not waste their time entertaining someone who will only slow their pace. They make a relationship with a purpose. They seek professionals as their mentors and learn from their experiences. They do not hesitate to reach out to every source that can give valuable advice. They understand the importance of good networking and make strategic selections before initiating or accepting a relationship.
Successful entrepreneurs are natural leaders. They’re not just a boss but they inspire their team to achieve a certain goal. This will not be possible if your team does not understand and relate to your vision. They will not give their best if they think they only work for the paycheck. You will need to encourage them to work at your pace. A leader provides guidance not gives orders. Every successful entrepreneur is open to suggestions. They nurture the ideas from the employees and use those to their advantage. The true entrepreneur appreciates teamwork and will not dismiss the efforts of every single employee.
Most importantly, entrepreneurs love what they do. When you cannot enjoy the field of work, it is very difficult to pour all your thoughts and effort completely. The first reason why those successful entrepreneurs take a major step in building a business is because they love it. The financial gain, stability, and fame is only a result that follows their success in doing a job that they love
So where do we start?
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Serial Entrepreneur/investor since 2013.
South Africa.
