An entrepreneur is a person who undertakes the risk of his enterprise. He is the person who recognizes and find out the opportunities and convert them into marketable ideas. An entrepreneur is a person who organizes and manages a business undertaking and assumes the risk involved in it for the sake of profit. To be a successful entrepreneur there are dozens of quality we have to possess; therefore here we have top 10 qualities that an entrepreneur should possess and step ahead for the ultimate success in his life.
An entrepreneur is one who always searches for change, responds to it and exploits it as an opportunity.
Below are some qualities of an entrepreneur that he should possess to achieve a success in his life and in its business.
A Desire to Achieve Higher Goals
An entrepreneur has got strong desire to achieve higher goals. Their inner self-motivates their behavior towards high achievement. Most of the people dream of success but do not take any action in achieving these dreams. An entrepreneur with a high need for achievement factor act continuously to achieve the goal and make their dreams come true. For them, winning is an achievement.
Positive in Nature
Entrepreneurs are always positive in their action. Being an achiever, he directs his fantasies and dreams towards the achievement of worthwhile goals and sets the extraordinary standard of excellence in what he is doing. This is based on his awareness of SWOT Analysis i.e. his Strengths, Weaknesses, Opportunities, and Threats. He uses his positive knowledge to support his thinking. He never exhibits any negative attitude.
Skill of Influencing Others
Once the entrepreneurs set their goal, they have to play the roles of manager too. For influencing others a low need to establish an emotional relationship, and a high need to discipline one’s own self-care essential.
Successful entrepreneurs generally have strong leadership qualities. He should be a good judge of human nature and a good leader. He must be able to select, train and develop persons who can properly manage and control the labor force. He is able to inspire ordinary persons to accomplish great feats. A true entrepreneur must be able to inspire loyalty and handwork to raise productivity and efficiency.
An entrepreneur is a person who, during the course of his activities, comes across many types of persons with whom he has to deal. He has to make them work for him, with him and help him to attain his objectives. Hence, he should be a person who likes working with people and who has skills of dealing with people.
Entrepreneurs are realistic They have a matter of facts approach about business undertakings. They are not likely to let personal likes and dislikes stand in their way. When they require assistance, they select experts rather than friends and relatives to help them. They generally do not take an emotional attitude towards their business or a problem.
Most of the entrepreneurs start their own business because they dislike doing work for others. They prefer to be their own boss and want to be responsible for their decisions.
Risk Taker / Opportunity Taker
Entrepreneurs are the persons who take the decision under uncertainty and thus they are willing to take the risk, but they never gamble with the results. They choose moderate risk rather than play wild gamble. They, therefore, undertake calculated risk which is high enough to be exciting but with a fairly reasonable chance to win.
A Constant Flow of Creative and Innovative Ideas
Successful entrepreneurs are creative thinker and innovators. They constantly put their efforts in introducing new products, new methods of production, opening new markets and reorganizing the enterprise.
Business or Corporate Level of Communication Skills
In order to motivate others in the business, entrepreneurs must possess good communication skills. Both, written as well as oral communication skills are necessary for the entrepreneur for running enterprise efficiently.
Behalf of above key points an entrepreneurs should also a good command over the core activities of an enterprise like Business Planning, Decision Making, and Good Managerial Skills. These are the some of qualities that an entrepreneur should possess for his successful career and enterprise.