Home Business Ideas and Opportunities

7 Common Attributes Of a Successful Entrepreneur


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Most scholars state that in order to become successful in any undertaking, you must have the right attitude, discipline, good knowledge, passion and motivation.This is also true with an entrepreneur. However, not everyone is born an entrepreneur but you can become one.

Who is an entrepreneur?

An entrepreneur is someone who undertakes a commercial venture with the chance of creating great profit with minimal loss.If you too would want to become a businessperson, think twice, examine yourself and if you find that you possess the following characteristics of an entrepreneur, then you will make it and grow your business.

1.You must be willing to take risks

Successful entrepreneurs take risks in any business they venture in. There are two things that may happen. The investment may pay off, thereby increase its power and growth. On the other hand, things may not work as expected and lose money. A true entrepreneur may see this as a learning curve and get more experience so that next time he or she is more careful. So, In any business, you will encounter a lot of obstacles and challenges which you need to be aware of as part of your development. We learn more from our past mistakes than from our good choices. Therefore risk taking is good for development in the long term. Do not mourn over the lost dollar, it will pay you off in the long run.

2.You must be smart and intelligent

To work smart is to be knowledgeable, continue learning new skills and take advantage of new and better entrepreneur environment. There are many entrepreneurs scattered all over the planet where one can tap experiences and knowledge.Gone are the days when you were confined to your physical environment. With advanced technology, you can define your community among entrepreneurs who have more experiences, skills and share similar interest that will enhance your entrepreneurial skills to manage your products/services and clients more effectively.

You must be able to identify needs and problems of your customers in order to change their situation and give them the right solution. This will help you gain respect and trust from your customers and clients.You will instantly earn their attention and their unwavering devotion. They can buy what ever you are
offering at any cost.

3. Must be a leader

Leadership is an attribute that is hard to find among individuals. Not many individuals have the nerve to take the lead any organization.

To become a good entrepreneur, you must be a leader. Some say that this is a born characteristic but if you don’t possess it, you can also learn to become a leader. In fact literature states that leaders are not born, but they are made.

The most powerful attributes of a leader include:

* A person who does not compromise on matters of principle and standards * Some one who has a vision for the future and communicates this vision in a simple way for others to understand * Someone who does not give up and leads by example * Some one who can set high standards and not afraid to confront even enormous problem despite the risks involved * Some one who accepts blame for any failure, instead gives credit of success to followers * Some one who has integrity and courage.

As a leader, you should be able to guide, influence, and direct people. This way, you can handle all your business activities with ease and fewer worries.

4. Have an inner passion for business

Another important attribute that many entrepreneur lack is having the right passion for business. Without passion, you will never fulfill your desires. Passion is the fuel that drives you to get what you want to achieve.

Do you have the passion for your business?…. Passion leads to productivity, that is taking action to produce results for your business. Passion does not entertain laziness. You have to maintain your enthusiasm and interest in the business. You must put all your soul into it, have a firm belief in what you do. The truth of the matter is that the more passion you put into your efforts every day, the more you will achieve your dreams in real life. This will give you drive to run the business despite the ups and downs.

5.Be honest and trustworthy

Being honest with your self is the hardest thing in life, but this is vital to the success of your business.Customers would like to deal with honest people and any mistrust will create a bad reputation and that will lead to the down fall of your company.

These days most of entrepreneur’s time is dedicated to pooling and attracting customers. You must have the ability to build relationships with every body knowing that you are building your personal wealth, if you have earned their trust. 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.

6. Be ready to adapt new skills

To stay at the top of other competitors, you must have the ability to adapt to new skills or technology. In other words, you must posses the ability to learn new things every day- which is the most important skill for an entrepreneur in this changing economy.

7. Improve speed of communication

To be a successful entrepreneur, you must use the right technology to find new products and that are in great demand, then communicate and educate your customers about the products and services and emphasize the importance of improving their lives in a simplest and fastest way possible that they for them to understand and buy from you without hesitation.

Conclusion

These attributes will help you do all the business responsibilities and obligations that need to be done.They are also the keys to your business success. If you want to finance a certain business venture and run the business yourself, you should develop these attributes. Without them, your business will soon fail and you will suffer the losses.

If you already have the attributes of an entrepreneur, all you need to do now is to study the market carefully, think of a good business venture, and provide for the capital and you’re all set to run your business.

Remember that to be a successful entrepreneur, you must be ready to explore what you do not know yet regularly, aggressively and think “out side your routine box” to start doing things you have not yet experienced. I have found this to be my strength and comfort since I started my internet business!

About the Author
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Charles Kaluwasha is the owner of http://www.LifeOnTheNet7.com and reviews popular home business ideas and opportunities to help home business seekers find reliable and profitable home business opportunities that actually work. Charles’s #1 profitable home business recommendation is the Plug-In Profit Site where you can get your own home business website setup to earn multiple streams of affiliate income within the next 24 hours.
http://www.PlugInProfitSite.com/main-19259
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