Being your own boss is obviously an exciting prospect, however owning a business isn’t for everyone. If you have ever thought about striking out on your own then this blog is for you. Certain personality traits like to follow the rule of mutual exclusiveness and dependence of freedom and discipline are the traits of an successful entrepreneur .
Starting a business is a lot of work. Anyone who tells you it’s not is either lying or has never actually started one themselves. The hours are long, sacrifices are great and you are assaulted with new problems and challenges every day with seemingly no end. If you don’t have the constitution to weather these things, your business could implode on you faster than it started and the being a successful entrepreneur may just become a dream for you.
Clearly, entrepreneurship is not for everyone. But how do you know whether it’s for you? You should start by asking yourself what it takes to be a leader because, for the most part, you’ll be doing a lot of the work up front by yourself. If you can’t lead yourself through startup, chances are you won’t likely be able to lead your business and future employees through growth and on to success.
Successful entrepreneurs, from Henry Ford to Steve Jobs, share similar qualities with one another. To see how you rank against these distinguished entrepreneurs, keep reading and check out whether you share at least half of these qualities
Here are few characteristics you should ideally possess to start and run your own business:
To be a successful entrepreneur we need to be a positively motivated personality to pursue the work without fear, and take the risks on a positive note. They are always in high spirits and sometimes a bit impatient too. Never the less they are always thinking about their business and always running behind profit to grow their business, pocket depths, and market shares.
Creativity & Persuasiveness
As the hunger for profit increases, the person becomes experienced & to be precise has a precise idea what will work for growth for him and what would take him down the graph. Successful entrepreneurs work as machines without fail and are always on a hunt for new promotion and marketing ideas.
When versatility comes in the picture you have to ask yourself are you versatile enough? You may not have facilities and luxury that you could hire a support staff at the start . You must have the right attitude towards work. Simple thinking, managing all departments single-handedly, ie bookkeeping, account management, marketing, finance etc. So before starting up something, just use Stop. Think . Perform . criteria to finalize are you ready for this?
Entrepreneurs are born with a talent or you may say a USP of internal networking and team management. They pretty much focus on the flow of money. They have a clear idea of what all is being done in the organization and they are precisely monitoring the flow of money and sales .
Launching any startup is risky, while we are still working hard for it to go up we may face a loss. To deal with such losses we cannot be 100% sure that we will be successful. So the startup businessmen and entrepreneur’s should be positively mentored one’s who are pretty much ready for the worst to come.
A very basic factor which can also be termed as a generic factor, explains or simulates you on a driver’s seat where you have the command in your hand to handle and manage everything. You have be a doer and motivator for the team. So what’s your take on this? Will you be working on your own or will you wait for someone to help you?
Vision: What we recommend is to plan a vision or direction beforehand. After starting it is not a cakewalk to design a business case and set your vision so what you have to do is do now before starting your venture.