10 Characteristics Of An Entrepreneur You Need To Be Successful

January 29, 2021 – Kalya Nuñez

Do you have the characteristics of an entrepreneur? If you have ever wondered if you have what it takes to build your own business, reading up on the skills and traits you need to be successful is a good start to finding out if this is the right path for you.

What are entrepreneurs?

Entrepreneurs are not just business owners, they are people who dare to take risks others wouldn’t! The business world has incredibly high-stakes and you have to be prepared to face a multitude of challenges if you plan on making it big. Are your ideas fresh? Can you face criticism? Are you prepared to handle rejection? Do you have the right motivations?
A great idea is not all you need to create a business. Successful entrepreneurs have to master a myriad of skills, from how to sell your idea to effectively managing people. This requires certain traits not everybody has, so do you have the characteristics of an entrepreneur?

10 Characteristics of an Entrepreneur

Entrepreneurs are…

1. Determined & Motivated

Without determination, you’re not getting very far. Creating a business from the ground up isn’t always as exciting as it sounds, and it sure isn’t easy. There are a lot of mundane tasks and complicated homework in the way and it takes a long time before your idea starts to become profitable. If you’re not motivated by the right reasons, it will show in the quality of your work!

2. Innovative & Creative

Hundreds of thousands of businesses are created every single year. If your ideas are not innovative, they’re bound to get lost in the mix by ideas that are already available. In order to create fresh new products and services the world actually needs, you need to develop creativity skills.

3. Passionate & Persuasive

Passion is something that every entrepreneur needs to have for their project. If your idea does not excite you, you will have a hard time selling it. In order to persuade investors and customers to believe in you, your passion needs to shine through everything you do!

4. Risk-Takers

Nothing in business is black-or-white and there are no magic crystal balls that tell you whether your venture will be successful or not. Success is determined by thousands of different factors, so there is always a possibility that things do not go exactly as planned. The good news is that the bigger the risk, the bigger the payoff when things go right!

5. Networkers

Knowing how to talk to and get along with people will get you far when it comes to your professional life. Networking and face-to-face meetings can produce great results for your business when you do it right. In fact, 80% of professionals believe that career success can be elevated through professional networking. Your next investor or customer is waiting for you to reach out!

6. Optimistic

With everything that you do, you have to put your best foot forward. Through all the highs and lows that come with developing your start-up, you can never let go of a positive mindset. There will be times when things feel like they are going south, but you have to keep pushing or else you will never reach the top!

7. Money Managers

It’s easy to mismanage funds when you’re excited about your new business venture. All entrepreneurs want the very best for their business, so what are a few extra dollars here and there? Unfortunately, money is finite. If you spend it where you don’t have to, where will you find the funds to cover what you actually need? In order to do well as an entrepreneur, you need to know when to say no and save your money for something else.

8. Confident

If you don’t believe in your own ideas, who will? You need to show others that you know what you are doing and what you’re talking about, even if you are not too sure! You can always figure out the rest later.
It’s easy to become self-conscious about your business journey and compare yourself to others. You may feel like other business owners know exactly what they are doing, or like their start-up took off faster than yours. The truth is that there is no single way that businesses become successful. It may take longer for some businesses to become successful. You have to stay confident in your ideas no matter what!

9. Adaptable

It’s common to fall in love with an unrealistic idea or feel as if you modify your product or service too much, it’ll lose its essence. The truth is that the world changes every day, and so do people’s needs. Your idea needs to be adaptable to these changes, and you have to be ready to face this.

10. Visionaries

Lastly, entrepreneurs have vision! Your ideas are good now, but will they be just as good later? Here, at Perspectivas Globales, all of our supporters and advocates are visionaries. We always have our eyes set on the possibilities of the future, and we are sure you do, too!

Which Characteristics Do You Have?

Getting your start-up off the ground is a complicated process that requires a lot of skill. If you have all of these characteristics already, great news: you’re one step closer to achieving the business of your dreams! If not, there’s no need to worry. With enough courage and willingness to learn, you can develop all the characteristics you need to be a successful entrepreneur.
If you are ready to take your idea or business to the next level, Perspectivas Globales has all the tools you need. Whether it’s business education, mentorship services, or access to funds, we can help! Click here to see if your business qualifies for our tech start-up incubator and accelerator services!

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