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I think that these really make up the top qualities. If you have no passion for what you do and need
outside forces to motivate you then you are just setting yourself up to fail. Passion and self-
motivation is at the core of every entrepreneur.



 
 
 

Entrepreneurs are opportunity-seekers. They are always communicating, always learning and always
getting information. And with this they see doors opening all the time. For them, everything is an
opportunity. Even failure is an opportunity.







Entrepreneurs are always full of ideas. Their creativity is unwavering. Whether it's a single big idea or
a series of small ones, entrepreneurs feed these ideas by learning more about them and eventually
taking the risk to try them out.




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There are no guarantees in life; there is no business model or career path that is guaranteed to work
100%. Entrepreneurs take calculated risks. They understand that every decision they makemay have
either financial rewards or losses.

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I haven't heard of a lazy entrepreneur. I haven't heard of anyone who has stated up a business
become successful to say they did it without hard work. Entrepreneurs are more than willing to work
long hours for their ideas and businesses. I'd like to think that entrepreneurs never stop working
because they are constantly in the creative process.

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Entrepreneurs accept that change is constant. No business my last forever. Things may change in an
instant and that the world is constantly changing. They also know when to set boundaries for the
risks they take, hence the term calculated risk.

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Entrepreneurs know when to cut back on spending and know when to spend. They also have a
hierarchy of spending which makes their own personal material desires last on the list.

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Entrepreneurs have great visualization. They imagine things happening for them. They think way
ahead of tomorrow. They plan their work and work their plan.

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Entrepreneurs are torch bearers. They know where they are going and they are willing to carry the
torch to light the way. I remember reading an article about an entrepreneur who said that while he
wasn't the top student in class, he was always the group leader.

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Believe in yourself, believe in your ideas. Believe that you can make it. Believe in your goals. Believe
in taking that leap to pursue your own happiness.

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Traits of a Successful Entrepreneur

Have you ever wondered why some entrepreneurs succeed and why some do not? Have you ever
thought of the things that would make one the best entrepreneurs in a chosen field?

For the lucky some, owning a business might run on their veins but for the most who are just
common people with a high desire to start a business of your own, then, careful evaluation and extra
time on studying the nature and principles of entrepreneurship is a must. However, this doesn't
mean that an individual who want to become an entrepreneur should have a thorough background
on these nature and principles.

Whether you are conscious about it or not, success and failure always depend on the entrepreneur.
You want to know what are those? Here are the traits of a successful entrepreneur:

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Whether short term or long term, successful entrepreneur never misses to set his goal.

This trait can be developed at a very young age. For instance, a child set academic goals for himself
or set a specific timeframe to achieve something. Say, for example, the child's parents cannot afford
to buy him a toy he wanted. He will try to get this toy by saving money or making money for himself.
When he grows up, he carries this trait in doing business. This same child is more likely to become
successful for he knows how to get certain things he wants to.

But it does not stop there, successful entrepreneur knows how to revise or rewrite his goals
whenever he thinks that there is something that needs to be changed.


  
An entrepreneur knows how to search for opportunities. It may be an opportunity to earn more or
to learn further. He will not settle on the things that exist around him. He knows how to find
opportunities that may not be visible for most people.

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rnce he has found opportunities, he knows how to take advantage of them. But it does not mean
that he will become impulsive for he knows how to identify what type of opportunity will give him
benefits. He will ask himself these questions: Will it bring more good than harm? Is it worth the time
and money? Will it be able to help me reach my set goals?

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Another good trait of a successful entrepreneur is knowing his strengths and weaknesses. This type
of trait will enable him to define his limits and knows how to extend his limits. He knows the
borderlines but knows how to keep the borderlines expanding. An individual who does not know his
strengths and weaknesses is like a person facing a mirror without clearly seeing his face. A successful
entrepreneur sees his face clearly on the mirror and recognizes his imperfection. He would then
polish his imperfections and covert them to something that would benefit him because a successful
entrepreneur does not only know his strengths and weakness, he also recognizes these as parts of
his personhood.




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A successful entrepreneur does not settle for the second best. He always finds ways how to be the
best in his craft. With the help of his recognition of his strengths and weaknesses, he will achieve
what others might not achieve. He has a certain attention to detail and quality. He would as much as
possible treat all costumers the same.

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A successful entrepreneur loves his work and enjoys what he is doing. He would not be successful if
he does not enjoy his business. rn the other hand, he does not make his business his life. He knows
how to rest once in a while to enjoy life itself.

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A successful entrepreneur recognizes that he could not do some things alone. He knows that he
needs a hand in order to get things right. He knows and respects other's view on matters regarding
his business. They do this to minimize the risk of committing mistakes. He knows what are the type
of person that is right for the job.

Essential Entrepreneurial Traits

It is not true that successful entrepreneurs are born that way; in fact, anyone can be a successful
entrepreneur. However, there are some specific entrepreneurial traits a person must have to be
successful in the field of business. rf course, entrepreneurship is not for everyone. But with these
particular character traits, you can see if you really have what it takes to succeed in the highly-
competitive, world of business. What are these essential entrepreneurial traits that anyone who is
interested in starting a business must possess?
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3 - This is the most common denominator of all entrepreneurs. They want to seize
control of their future; thus they decide to become their own boss instead of laboring under the
gaze of a master. An entrepreneur has a strong sense of independence and will march forward with
a purpose and that is to earn money through his own means and hard work.


  3


+  , - The world of entrepreneurship is fraught with both success and
failure. An important quality of a successful entrepreneur is the doggedness to continue pursuing his
goal despite some setbacks and obstacles that he may encounter on the road. This persistence and
determination is fueled by a burning desire to achieve his goal of succeeding in his chosen field of
business.


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3 - Along with independence, an entrepreneur possess self-confidence. They
believe in their capabilities and makes sure that they will put in their best effort into their particular
endeavors and likewise expect the best results from it. The business world is very competitive and is
not a place for the half-hearted. Belief in one's capabilities is very important in achieving any goal -
especially in the world of entrepreneurship.


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 In the business world, you can not afford to be complacent and un-creative unless you
want the competition to move up on ahead of you. Thus, you really have to be very creative - you
should be able to create new ideas as well as find new ways to solve problems. By this way, you can
make sure that you stay ahead of the competition. Creative people are naturally curious, inquisitive,
bright and highly flexible when thinking. They keenly observe their environment and have an eye for
spotting new trends that could potentially be a business opportunity.

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- An entrepreneur knows the value of organization in a business
endeavor. All efforts must be focused towards achieving the goal. A good entrepreneur systematizes
every move he/she makes so that less time and other resources are consumed in achieving the goal,
yet the goal is the best expected result, nonetheless. A good entrepreneur has the ability to
consolidate his resources.

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7 - An entrepreneur has a vision for his future. He/She is guided by this vision in
everything he/she in his business endeavor. This vision may be for short, middle or long term, but
all visions are to ultimately succeed in expanding one's business.

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 - A good entrepreneur realizes that loss and failure are
inherent in any business endeavor. Thus, an entrepreneur must always be ready to make calculated
risks and face whatever consequences those risks might have. Entrepreneurs must have the courage
to face failure and start again despite these setbacks. As in all fields of endeavor, the characteristic
of a successful entrepreneur is in never giving up and in picking up the pieces and continuing the
journey even if failure momentarily obstructs the way.

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9 - These are perhaps two of the most important entrepreneurial
traits. In the world of business, there can be no real success without perseverance and hard work.
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trouble. Commitment to his business and to its success springs from the urge to achieve the goal.

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8 - Another very important mark of a good entrepreneur is his being honest
and honorable in all his business dealings and interpersonal relationships - whether it is between
business partners, employees, peers and investors.

So, do you think you have what it takes to be a successful entrepreneur? Make sure you have the
above mentioned entrepreneurial traits and qualities and we assure you, you definitely have what it
takes to succeed in the world of business.

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It is important to dream big, according to David Novak, Chairman and CEr of Yum! Brands: ͞I want
to continue to dream big, even if from time to time people tell me I͛m overreaching. If we set bold
goals, then we at least have a shot at achieving them. If we don͛t, what͛s the point of showing up
tomorrow?͟


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Learning how to find opportunities is an important trait of every successful entrepreneurs. As Gladys
Edmunds said: ͞Sometimes opportunity knocks; at other times you have to pursue it. You don͛t want
opportunity to come in on a boat when you͛re standing at the airport waiting for it.͟


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Successful start-up businesses require a lot of work to get off the ground, let alone manage. As Mark
Cuban said: ͞Everyone has the will to win, but it͛s only those with the will to prepare that do win.͟


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Ryan Allis describes the hard work as: ͞Would you work 70-hour plus weeks for months on end;
sleep at the office when you get backed up; put your own money on the line when payroll is due and
the bank has yet to approve a loan ; be the janitor .. and present in front of a room of investors after
already being turned down by 50 other banks, angel investors, and venture capital firms?

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How you perform each day will determine whether or not you will succeed in the long run. Self-
discipline is very important; as it is what will push you to work on the business and persist despite
the challenges you will face as you jumpstart your business.

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As Donald Trump wrote in his book: ͞Learning to expect problems saved me from a lot of wasted
energy, and it will save you from unexpected surprises. It͛s like Wall Street, it͛s like life. The ups and
downs are inevitable, so simply try to be prepared from them.͟

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Founder of Blockbuster Video and other successful businesses Harry Wayne Huizenga said: ͞It͛s not
making the investment for the sake of making the investment. It still is having fun. If you are
enthused and excited aboutit, you work at it harder. And you get up in the morning and you͛re still
thinking about what you should be doing and so forth.͟

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Kitty Holding said: ͞Finding a true partner is one of the most critical things you will do. You are better
when you have a partner that you can truly trust, rely upon, and function effectively with as a
counterbalance to your weaknesses͟

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To succeed in this competitive business environment, you need to be innovative. Don͛t play catch-up
with the leader; rather create new markets and reinvent new ones.

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Author Donna Fenn adviced: ͞Seduce your customers, by not presenting your products as
commodities but by selling something far more emotional and valuable.͟

s aracteristics Of An Entrepreneur - Entrepreneurial Qualities

Entrepreneurs are the backbone to nation's progress. They not only provide new goods and services
to the people by combining the factors of production but also creates employment opportunities. As
government cannot fund and manage every industries, a good entrepreneurial class will help in
developing small scale and large scale industries. rk, now let me make this very clear to you:
Entrepreneurship is not everyone's cup of tea. You need to have certain set of qualities which you
may have naturally or you may need to acquire. Now let us look at the qualities of an entrepreneur.

s aracteristics Of An Ideal Entrepreneur

sreativity:
Creativity means the ability of bringing something new into existence. An entrepreneur has to be
highly creative. A creative entrepreneur is highly innovative and aims at giving new goods and
services to the people.

Innovation:
Innovation is important in any field but it becomes a lot more important if you want to be an
entrepreneur. An innovative entrepreneur creates a resource. He is not contended and satisfied with
the existing resource but combines the existing resource in a new and more productive
configuration.
Èynamism:
An entrepreneur should be dynamic. A dynamic entrepreneur is always pragmatic and approach
problems to solve them rather than run away from them. He finds solution to the problems
systematically and solves them in the interest of his enterprise. A dynamic entrepreneur always
believes in a win-win situation.

Leaders ip:
leadership is the basic quality of entrepreneurs. An entrepreneur leads and this keeps him forward in
any field. A quality of a person's leadership is clear from how he handles a problem and generating
resources. An enterprise with a good leadership is always prominent in the market.

Team Building:
An entrepreneur is known by his ability to build a team. An entrepreneur knows that he cannot do
everything alone. So, an entrepreneur gathers a group of individuals with a common purpose,
focuses them and align them with the goals of the enterprise.

Risk Taking And Èecision Making Ability:

This is what separates an entrepreneur from common people. An entrepreneur takes decision in an
environment of uncertainty and is therefore willing to bear risk. An entrepreneur start with a
completely new activity so it may either succeed or it may fail. So an entrepreneur has to take
calculated risk.

sommitment:
An ideal entrepreneur should always be committed. he should have strong dedication and will
power. He has to be patient as a business unit will take some time to reach a natural stage of
takeoff.

Business Secrecy:
I know this is a world of open information. But successful businesses never give their secrets to their
competitors. An entrepreneur should guard his business secrets so that his competitors does not
exploit his niche.

slear Objectives:
An entrepreneur should have clear objectives as to the exact nature of the business. He should
clearly lay down his objectives and also his approach to achieve them.

sommunication Ability:
An entrepreneur should be an effective communicator. An entrepreneur will be more likely to
succeed if he can communicate effectively to his audience.

Long Term Involvement:

An ideal entrepreneur always knows that success does not come within a short span. It will come
over a period of time and till then he must be involved with the project. He should not expect ninety
days wonder.
:ig Energy Level:
An entrepreneur physical and mental fitness plays an important role. He should have the ability to
put in long hours of work.

Motivator:
An ideal entrepreneur is always a good motivator. he gives his employees individual growth and
always keeps them motivated.

Self-sonfidence:
An entrepreneur should always believe in himself, no matter what happens. He should always keep
his self confidence high.

Tec nical Knowledge:

Last but not the least, an entrepreneur should have technical knowledge pertaining to the industry
in which he wish to operate. All the above qualities combined with technical knowledge would stand
a much better chance of success.


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Successful entrepreneurs have a healthy opinion of themselves and often have a strong and
assertive personality. They are focused and determined to achieve their goals and believe
completely in their ability to achieve them. Their self optimism can often been seen by others as
flamboyance or arrogance but entrepreneurs are just too focused to spend too much time thinking
about un-constructive criticism.

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All entrepreneurs have a passionate desire to do things better and to improve their products or
service. They are constantly looking for ways to improve. They're creative, innovative and
resourceful.

  

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If something is not working for them they simply change. Entrepreneurs know the importance of
keeping on top of their industry and the only way to being number one is to evolve and change with
the times. They're up to date with the latest technology or service techniques and are always ready
to change if they see a new opportunity arise.

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Successful entrepreneurs thrive on competition. The only way to reach their goals and live up to
their self imposed high standards is to compete with other successful businesses.

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Entrepreneurs are always on the move, full of energy and highly motivated. They are driven to
succeed and have an abundance of self motivation. The high standards and ambition of many
entrepreneurs demand that they have to be motivated!
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Innovative entrepreneurs are often at the forefront of their industry so they hear the words "it can't
be done" quite a bit. They readjust their path if the criticism is constructive and useful to their
overall plan, otherwise they will simply disregard the comments as pessimism. Also, the best
entrepreneurs know that rejection and obstacles are a part of any leading business and they deal
with them appropriately.

True entrepreneurs are resourceful, passionate and driven to succeed and improve. They're pioneers
and are comfortable fighting on the frontline The great ones are ready to be laughed at and
criticized in the beginning because they can see their path ahead and are too busy working towards
their dream.