Do You Have These Top Entrepreneur Traits?

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Answered by: Lynne, An Expert in the Become an Entrepreneur Category
Entrepreneurship is becoming far more of a mainstream career choice than it used to be. Where this was once the preserve of a few visionaries and mavericks, it’s now become something that many college students aspire to, rather than the standard corporate career.

While there are a growing number of entrepreneurs, and entrepreneurial success stories, it’s not something that just anyone can do. There are a few top entrepreneur traits that are essential to success.

1. Appetite for Risk

Entrepreneurship is all about risk. Even when you have financial backing and startup capital (which is not always the case!) there’s still a lot of risk involved in creating something from nothing. If you’re not happy to take big leaps without necessarily having a safety net, then this might not be for you.

2. Determination

When you start a business, chances are you’re going to have to wait a while for any sort of success to happen. Many people find themselves getting discouraged before that happens, which is why it’s important that entrepreneurs be determined and ready to ride out the rough patches. Entrepreneurs are doggedly devoted to their ideas, and willing to do whatever it takes to make them happen.

3. Great Planners

Planning is important to entrepreneurial success. Successful business owners and visionaries have the ability to look three steps ahead. This allows them to steer their companies in the right direction with the minimum time, cost and effort. If you love planning ahead and solving problems, then you might well be entrepreneur material.

4. But Able to Make Spot Decisions

While it’s true that successful entrepreneurs are good at planning, they’re also good at identifying and seizing opportunities. Often, it’s the snap decisions that entrepreneurs make that put them on the road to success, and having the confidence to make quick decisions can make all the difference.

5. Stamina

True entrepreneurship is not the romantic vision of “being your own boss.” Very often, it’s about long hours, and about wearing many different hats. You’ll need energy and stamina to put in the hours that are needed to take your business from startup to established success. Great entrepreneurs work long hours, and are tireless in the pursuit of their business goals.

6. Courage

Possibly the most important trait for entrepreneurs is courage. Entrepreneurship is about trusting yourself enough to take big risks, in the hopes of big rewards. It’s not for everyone, and many people find that they just can’t put everything on the line this way. That’s okay too. Not everyone is meant to be an entrepreneur, or to be one right now.

If you’re reading this, and you see yourself in all or most of the top entrepreneur traits points mentioned above, then you might well be the type of person who is destined to be an entrepreneur. If you find yourself worrying about taking risks or leaping into the unknown, then you may need a little more time to figure out your situation, or you might just be one of those people who knock their entrepreneurship goals out of the park.

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