7 Qualities to be a Successful

Entrepreneur

Are successful entrepreneurs born or developed?

Entrepreneurs are multi-talented & diverse but are not created from same blueprint

They come from different: ◦Geographic Locations ◦Upbringings◦Income Brackets ◦Social Classes◦Education Levels

Entrepreneurs

Successful entrepreneurs have to put many different masks at the same time, she/he can be: ◦Project Manager ◦Accountant◦Marketer◦Salesman ◦Human Resource Manager ◦Supply-chain Manager◦PR Manager & much more!

Do you have what it takes to be a successful entrepreneur?

Successful Entrepreneurs

They have to take risks it’s the part of running a business

They take calculated risks, not foolish ones

This means they evaluate the pros & cons of every decision

They take the advantages & disadvantages of every move into consideration

They look at all possible outcomes & then make a decision taking everything into consideration

Taking risks is part of the game; however taking calculated risks brings about a positive outcome most of the time

1. Risks taker

How could they not be? She/he has to have ambition in order to be a successful entrepreneur

If there are problems in the business they keep the ambition to fix them

Doing so comes to them as a habit; it is their state-of-mind

Everyone is not ambitious & this quality defines an entrepreneur

2. Ambitious

For successful businessmen work is their life

Successful entrepreneurs never look at it as 9 to 5 job

Their business is their life and they work extremely hard to accomplish their goals

It doesn’t mean that they are workaholics or are married to their jobs

They set boundaries & know how to work hard & work smart!

3. Love what they do

Entrepreneurs have a high level of confidence They get the job done even under stressful conditions

They know that big challenges breed big rewards

This quality allows them to spot an opportunity when for others it as a possible challenge

When others are focusing on the challenge, an entrepreneur will focus on the finish line & the end reward

4. High level of confidence

An entrepreneur has to be sharp, which requires constantly learning

Industries constantly change & evolve Only those who grow constantly with it will stay ahead

Staying sharp through constant learning enables an entrepreneur to stay ahead & avoid getting passed

Reading books & industry news is very helpful to learn & absorb new information

5. Craves learning

Knowing how to sell is absolutely essential part to be a successful business owner

An entrepreneur should have strong communication skills to sell the product & motivate employees

If she/he cannot express what makes their product or service a solution, then it will be a rough ride for them

If the creator is unable to explain it then who will?

6. Ability to sell and promote

Successful entrepreneurs can usually be identified by their ambition to innovate, which involves ◦Developing New Ideas ◦Methods ◦Processes ◦Products or Services ◦New solutions that meet new

requirements Entrepreneurs often come up with solutions which are the combination of different items

They will repurpose products to market them to new industries

7. Creativity