THESE ARE THE PERSONAL CHARACTERISTICS EVERY SUCCESSFUL ENTREPRENEUR NEEDS TO POSSESS
So you’ve heard about hard skills and soft skills. Hard skills are mostly the technical know-how required in business and the soft skills are in-built but could be harnessed over time. Very seldom, would you find that the personal characteristics of an entrepreneur are being discussed, despite the fact that it adds to the magical mix that will then lead to a thriving business? This piece will address the top personal characteristics that you would need to obtain, hone and maximize to be able to reach your full potential.
First, examine your personal characteristics, values, and beliefs. Do you have the mindset that’s typical of successful entrepreneurs?
- Optimism: Are you an optimistic thinker? Or do you see the negatives before anything else? Optimism is truly an asset, and it will help get you through the tough times that many entrepreneurs experience as they journey towards finding a business model that works for them.
- Vision: Can you easily see where things can be improved? Can you quickly grasp the “big picture,” and explain this to others? And can you create a compelling vision of the future, and then inspire other people to actively engage with that vision?
- Initiative: Do you take initiative and instinctively start problem-solving or business improvement projects?
- A desire for Control: Do you enjoy being in charge and making decisions? Are you motivated to lead others?
- Drive and Persistence: Are you self-motivated and energetic? And are you prepared to work hard, for a very long time, to realize your goals? This is an attribute that is unique to the entrepreneur because most ‘overnight’ successes you come in contact with have taken years and years of hard work so it takes a strong character to persist with their goals even when the odds are stacked against them.
- Risk Tolerance: Are you able to take risks, and make decisions when facts are uncertain?
- Resilience: Are you resilient, so that you can pick yourself up when things don’t go as planned? And do you learn and grow from your mistakes and failures? (If you avoid taking action because you’re afraid of failing, our article on Overcoming Fear of Failure can help you face your fears and move forward.)