Traits of a Successful Entrepreneur
Written by:
Karen Newman
Article Overview: There are a great number of common characteristics that are shared by accomplished business people. A true entrepreneur has the initiative and drive, maybe even a compulsion, to pursue excellence in order to achieve the freedom and prosperity they desire.
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Traits of a Successful Entrepreneur
Have you ever wondered what makes one entrepreneur ascend to
great heights while another never even gets off the ground? Well, there are
certain essential entrepreneurial traits that anyone who is interested in
creating a successful business must possess.
Self-Confidence
Self-confidence, along with independence, are two key traits
shared by almost all successful entrepreneurs. They do not wait for others to
tell them what to do. Instead, they find the answers to their questions through
their own efforts. They are self-directed and have confidence in their
abilities regardless of experience level.
Goal Setting
Profitable entrepreneurs set goals, define their vision,
know their strengths and weaknesses, and take advantage of opportunities that
arise on a daily basis.
Organization
A successful entrepreneur knows the value of organization in
any business endeavor. Preset methods of operation and consistent day-to-day
routines are imperative.
Commitment
An entrepreneur will not achieve success if he/she gives up
at the first sign of trouble. Perseverance and hard work will see them through
any negative situation they may experience along their journey to the top.
Honesty and Integrity
Another very important mark of a good entrepreneur is
honesty and integrity in all their business dealings and interpersonal
relationships. They treat everyone with respect regardless of their status.
Risk and Failure
An entrepreneur must always be ready to take calculated
risks and face whatever consequences those risks may incur. Entrepreneurs must
have the courage to face failure and start over again despite these setbacks.
There are a great number of common characteristics that are
shared by accomplished business people. A true entrepreneur has the initiative
and drive, maybe even a compulsion, to pursue excellence in order to achieve
the freedom and prosperity they desire.
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Article Tags:
entrepreneur traits,
successful business,
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Related Forum Posts
The Value of Mentoring
- Successful mentor pairings (in case there was any doubt as to the value of mentoring):
1. André Ouellet (President, Canada Post) mentor to Mark Whalen (Urban Organics and winner, Young Entrepreneur Award)
2. Marc Lefrançois (President, Via Rail Canada) mentor to Jeffrey Campbell (Core Networks, Inc. and winner, Young Entrepreneur Award)
3. Donald Kendall (former CEO of PepsiCo) mentor to John Scully (former CEO of Apple)
4. Harland Sanders (the Colonel) mentor to Dave Thomas (founder of Wendy's)
5. Stuart Friend (KMart manager) mentor to Wayne Sales (CEO of Canadian Tire)
6. Jim Rohn (author, motivational speaker) mentor to Anthony Robbins (author, motivational speaker)
7. Robert Patterson (CEO, National Cash Register) mentor to Thomas Watson (founder of IBM)
8. Henri-Paul Rosseau (President, Laurentian Bank of Canada) mentor to isabel Rodriquez and Yves Besner (i4design and winners, Young Entrepreneur Award)
Re: What's 1 word to describe what your business will be in 2012
- Successful.
Re: Great at one thing OR good at everything?
- [quote="babyjoy214":tb4042ja]I heard this from my dad "Jack of All Traits, Master of None"[/quote:tb4042ja]
Personally, I see myself as being a good at a lot of my passions, but not "great" enough to earn a living from any of them. I feel that our society favors those who specialize and pigeon hole themselves into one thing. In fact, I don't think you can even get a high paying job without spending 6 years studying that one subject in college + post grad studies.
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
Young Entrepreneur Organization - All You Need To Know
- The Young Entrepreneur Organization (YEO) is a global community of entrepreneurs. This non-profit organization aims to make its members successful in their business through networking and training programs. This article tells you all you need to know about the Young Entrepreneur Organization, and the opportunities it makes available to young entrepreneurs from across the world.
Young Entrepreneur Organization: Facts.
1) The Young Entrepreneur Organization has 5,000 members in 35 countries across the world. 2) The organization was founded in 1987. Since then, it has helped many aspiring entrepreneurs with training facilities and getting in touch with the right people.
3) The average age of the members of Young Entrepreneur Organization is 34 years.
4) In order to be eligible for the membership of Young Entrepreneur Organization, you need to be under the age of 40; and be the founder or partner in a business that has annual sales of more than $1 million.
World Entrepreneurs Organization: A part of the Young Entrepreneur Organization, the World Entrepreneur Organization and takes the message of Young Entrepreneur Organization to many additional places around the world. This organization is especially active in the area of education and training for entrepreneurs.
Young Entrepreneur Organization: Objectives.
1) To foster entrepreneurship.
2) To support Young Entrepreneur Organization members by providing them the chance to network and grow.
3) To provide resources to its members so that they can benefit the economy through innovative business ideas.
4) According to Young Entrepreneur Organization, you get to share your story with those who have had similar experiences, and thus gain insight into the best principles of entrepreneurship.
Young Entrepreneur Organization: Facilities.
At the Young Entrepreneur Organization, you get to meet and share views with like-minded people and fellow entrepreneurs. In order to facilitate a free exchange of ideas and growth for its member, the Young Entrepreneur Organization provides the following facilities to members.
1) Forum: Join the forum of the Young Entrepreneur Organization and start networking with entrepreneurs from across the world. Each forum group has 12 members who come together regularly to share their experiences and discuss issues related to entrepreneurship.
2) Mentor: In conjunction with the World Presidents’ Organization, the Young Entrepreneur Organization guides and counsels young entrepreneurs through a mentor program by the best business leaders.
3) Social Innovation: The Social Innovators Program involves Young Entrepreneur Organization member who wish to do something for about social issues. It helps members become socially aware citizens and gives them the opportunity to do something for their community.
4) Marketplace: The marketplace allows members to post business offers and receive replies from other members.
These are just some of the facilities you will get if you become part of the Young Entrepreneur Organization. Others, like meeting prospective clients through trade shows, and special tools to network and meet with the right people are also part of the YEO facilities.
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