Do You Have What It Takes?

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Business Plan Basics - By Plan Your Business

Do You Have What It Takes?

Learn the characteristics and habits of creative, successful entrepreneurs.

Many successful entrepreneurs have similar traits and characteristics. Learn what these are and what you can do to improve on your own.

FICTION: To be an entrepreneur, you must be born that way.

FACT: Anyone can learn to operate like an entrepreneur.

What are the similarities of successful entrepreneurs?

* Persistence
* Desire for immediate feedback
* Inquisitiveness
* Strong drive to achieve
* High energy level
* Goal-oriented behavior
* Independent
* Demanding
* Self-confident
* Calculated risk taker
* Creative
* Innovative
* Vision
* Commitment
* Problem solving skills
* Tolerance for ambiguity
* Strong integrity
* Highly reliable
* Personal initiative
* Ability to consolidate resources
* Strong management and organizational skills
* Competitive
* Change agent
* Tolerance for failure
* Desire to work hard
* Luck

Many entrepreneurs also had a role model to influence them early on and parents who were entrepreneurs Two traits necessary for successful entrepreneurs are creativity and innovation.

What is Creativity?

Creativity is being able to create new ideas and ways to solve problems that provide cool opportunities.

Characteristics of Creative People

* Bright
* Adaptable
* High self esteem
* Challenge-oriented
* Idea-oriented
* Inquisitive
* Curious

Can you improve your creativity? YES! How?

Gather as much information as you can (read, talk with experts, etc.); brainstorm over time. Just think about the problem or issue until an idea comes to you.

Is the solution reasonable? If so, try it. If not, keep thinking. Did it work? If so, great. If not, begin the process over again. Don't put barriers on your mind. Put these steps to use.

Left Brain

Analytical
Rational

Right Brain

Intuitive
Artistic

You need both sides of your brain when being creative, as they compliment each other.

What is an Innovation?

Something that is invented (ex. CDs), or
Something that is created from an existing idea or product (ex. Super Wal-Mart).

Where do innovative ideas come from?

Unsatisfied customers
Demographic changes in society
Luck
Imagination
Vision
Problem-solving

Remember:

Look for new ideas
Keep it simple
Start small
Try, try, try again

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Business Plan Basics - By Plan Your Business

About the Author: Plan Your Business

RSS for Plan Your's articles - Visit Plan Your's website
Planning is critical to successfully starting and building a business. That’s why we’ve dedicated a section for it. Here you’ll find guidance on the tools and resources necessary to write a winning business plan. From sample plans to a business plan primer, we’ll get you started on this very important activity. Once your business is up and running, you’ll need to regularly review and update your plan to manage growth.
Click here to visit Plan Your's website.

More from Plan Your Business
Part 4 Organization Management
Part 2 Market Analysis
Using the Business Plan
Do You Have What It Takes
Business Plan Basics

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