Not
all humans are born with the characteristics which are important for
entrepreneurs to succeed so what? There are few questions which come to the
mind
There
are only people who can build a strong empire of business depending on the personality
traits they have?
The
traits entrepreneurs must have can be developed?
The answer is YES,
Few
qualities are at hand with some of the entrepreneurs but others can be
developed over tha time. From decision making to risk taking and from risk
taking to the achievement of goals every entrepreneur have to face the same
situations and have to tackle the problems with best available skills he has.
To be successful entrepreneurs must have few traits without which he cannot
even survive in his chosen field. It’s like one have a passion for skating but
he jumps into the ground without scatting board.
1. Determination: What
you want to achieve from your business depends on how determined to you are to
towards your business. Determination comes when you will enjoy your business
and that firmly relies on what you have chosen to start and stick to. There are
very often ideas which are successful in their launching period and get success
very immediately failures are always the most important part of business and
road map to success. So one should stick to and determined to his business.
2. Passion: Enthusiasm,
obsession, excitement, zeal, craze are not only the words to motivate or uplift
the behavior of entrepreneur these are the personality traits every
entrepreneur should have to become successful in their respective fields.
Entrepreneurs must keep in mind that whatever you start should be of ought most
importance to you only then can you excel in the respective fields.
3.
Uncertainty
Tolerance: Businesses are not as simple as common
man or consumers looks into it. There is a very long chain of stack holders
involved in reaching the product from manufacturer to the end user and all this
chain operates in uncertain situations and entrepreneurs must be able to tackle
those problems positive ways. He must have the ability to turn these uncertain
situations into the opportunities for the business.
4.
Vision:
This
is the key trait an entrepreneur must have as he should have the ability to
sort out opportunities in the market
and upcoming success for the business. Entrepreneur’s success is totally
dependent on what he has started and the room for that idea to excel in the
market because only that thing will excel in the market which has the room for
development.
5.
Self
Confidence: Turning risk into opportunities is in
the hand of entrepreneurs as he has confidence in himself that he will take
this to the success. Entrepreneur must have a self confidence that whatever hi
is going to do will be hit and will surely achieve the vision he has for the
project or business he is leading. If you have self confidence only than you
can take calculated risk to turn it into the opportunity.
6.
Flexibility: This is the most
important trait entrepreneur should have because when you are operating in the
market there are lot of up and downs in the business scenario which leads to
different uncertain situations and results received can be much different from
the expected. When you are trading online (currencies or commodities) and
having online business in Asia as the rate of refusal is very high in Asian
markets than you must be flexible enough to operate your business otherwise it
will be difficult for you to succeed.
7.
Networking:
in today’s socially connected world it is very much important for entrepreneurs
to have very strong connections to the relevant people as it is impossible not
to operate in today’s market. You must be involved in your business activities
and also have to involve other people from your related network into the
activities so that you can grow your business idea.