characteristics successful entrepreneurs often share

10 characteristics of an entrepreneur

characteristics successful entrepreneurs often share

Starting and building a business is not easy. You need resilience, stamina and courage to get through the tough times we all experience. Here are ten charac teristics to look for in yourself that many successful entrepreneurs share.

  1. Vision – without a clear picture of what you want your life to look like it will be difficult to create it. Successful entrepreneurs can see the detail as well as the big picture.
  2. Determination-you want to do this don’t you? Deal with any rugging doubts before you start. Determined people never turn back, but find ways round the inevitable obstacles.
  3. Fitness – running your own business can be physically demanding

Keeping fit helps 4. Mental health-starting a growing a business can be stressful. Don’t be

overambitious or put yourself under too much pressure. Know your limits

and stay within them.

  1. Love-you are going to need a shoulder to cry on, even if you’re a man. If you’ve someone to share the thrills and spills with, you’ll enjoy it more
  2. Cash inevitably your business will take longer than you think to pay you a wage. Some businesses take years to turn in a profit. Make sure you are able to wait.
  3. Flexibility-when most people start a business, they do it on their own. That

means they have to do everything themselves- even unblock the drains!

  1. Humour-you’re going to make some mistakes-we all do. The ability to laugh it off, learn quickly and move on is what keeps really successful people going
  2. Caution-sometimes it’s easy to see the opportunities and difficult to spot

the threats. You need to be cautious, without being totally risk averse 10. Generosity-when you enjoy success, invest in those who made it pos sible. Parties, thank-you gifts and nice surprises will keep everyone who matters on your side.

Many people dream of starting their own business when they’ve found the time to stop and think However, most find the reality much harder to face. You
[10:45 am, 23/04/2022] Emmanuel Udosen: need to be a special sort of person to work for yourself, perhaps even to employ others As well as the strengths listed, you need a passion for the work you plan to do. Some are able to turn a hobby into a business. Turning a hobby into a business means you are doing something you know and like ideally it also needs to be capable of being scaled up and providing the income you are secking.

Hobby businesses work best when

many people share your passion for

whatever,

the specialist supplies or services you plan to provide are hard to find. there are dedicated enthusiast magazines or websites that reach your marketplace:

you already have a good profile in the sector;

interest is growing, not waning

Good examples of hobby businesses include:

bead shops that sell all you need to make costume jewellery.

classical CD stores;

model-making supplies:

photographers.

STEVEN had always had a passion for photography and decided that he would like to turn professional. He knew it would be tough establishing himself and making a living in the north-east. Equally, he knew that he had real talent and could produce commercial work that people would pay for.

A grant and a loan from the Prince’s Trust enabled Steven to rent a small studio in a recently developed ‘artists’ quarter’ beside the river in Durham. This gave him a shop window and passing trade to boost his work and build his reputation. I’m young, keen and determined to succeed,” he told me, but getting help with rent for my studio has made it all possible.

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