Five Qualities for Entrepreneurship

It takes a special kind of person to be a successful entrepreneur. These unconventional professionals attempt to break free of the traditional corporate world to create their own small businesses. Coming up with a unique business idea or product is only half the battle -- entrepreneurs must have several other characteristics that will help them succeed at creating their dream jobs.

Confident

Most entrepreneurs must be extremely confident -- both in themselves and in their business vision. They don't doubt themselves, even when everyone around them is a naysayer. They know deep down that their business ideas are good and that they will work. This quality is what makes others buy their products or agree to work for them.

Disciplined

When you don't have a boss to answer to, you have to be disciplined to get everything done. Most entrepreneurs work longer hours than they did at their traditional jobs. This is because they know that they have to meet their productivity and financial goals in order to continue on the entrepreneurial path. They are self-starters and do not often succumb to laziness or lack of motivation. Entrepreneurs will typically work around the clock, including weekends and vacations, to ensure that the job is completed properly.

Creative

Even if their business is technical or analytical in nature, entrepreneurs think creatively. They are open-minded and realize that every event is a business opportunity. Entrepreneurs are often dreamers at heart, as they see how their businesses can be better and different than the old ways of working. These professionals use their passion and creative energy to come up with innovative, new ideas for the marketplace.

Determined

Entrepreneurs don't let small setbacks get them down. They are tenacious and persistent in the face of rejection. When they hear "No" from a prospective client, they don't miss a beat, moving on to the next potential customer. They are continuous learners that have adapted to the constant flows in the economy and market. When an idea doesn't work out as they planned, they view it as a learning opportunity.

Fearless

One of the most important qualities for an entrepreneur is fearlessness. The entrepreneur isn't afraid of failure and is willing to risk embarrassment. Entrepreneurs believe in themselves, which allows them to take leaps of faith. They don't let nagging doubts get in the way of their success.

References

• Under 30 CEO: 10 Qualities of a Successful Entrepreneur
• Entrepreneurship of New England: Entrepreneur's Qualities
• Entrepreneur: Ten Characteristics of Superior Leaders; Dr. David G. Javitch; December 2009
• Stanford Technology Ventures Program: Two Qualities of Risk-Taking Entrepreneurs; Matt Harvey; March 2010