While many people out there are trying to be entrepreneurs, only a portion of them will actually manage to be successful entrepreneurs. Becoming a successful entrepreneur requires a multitude of skills and attitudes that can help you to go far in your business ventures. While there are multiple skills that are important, there are a few characteristics of a successful entrepreneur that are seemingly crucial to success. While some of these skills are skills that some are seemingly "born with", many of these skills can be taught over the course of time. By holding these top characteristics, you can be well on your way to becoming a successful entrepreneur.
1. Problem Solving Skills
Becoming an entrepreneur is all about sifting through all of the roadblocks in front of you to determine how to be as successful as possible. Having honed problem solving skills is something that is critical for any aspect of life; this skill is magnified for entrepreneurs. Any successful entrepreneur has the ability to solve any problem in a quick and efficient manner. Problems will be plenty when trying your own entrepreneurial adventure. For some, these problems could ruin their dreams. Those with problem solving skills, however, will be able to continue on and become successful. Problem solving skills is a characteristic that is not only needed, but mandatory, for those wishing to have success.
2. Strong Work Ethic
Trying to make your own way is never easy. Being an entrepreneur, and attempting to become a successful entrepreneur, is no different. Hard work and dedication is required for those who wish to become successful. No entrepreneur has ever been successful and lazy at the same time. Having a strong work ethic is crucial to making your own way; no one will hand you success. Success is earned by those who have worked hard to achieve it. Without a strong work ethic, any entrepreneurial adventure will fail.
3. Patience
The road to becoming a successful entrepreneur has many ups and downs. The highs of the entrepreneurial path are exciting and exhilarating. The lows of the entrepreneurial path can be incredibly difficult, and may be enough to ruin any hopes and dreams. One of the major characteristics of a successful entrepreneur is the ability to have patience with the project and situation. Patience means that someone will have a level head during hard times, and can weather the storm. This patience is crucial for anyone who wishes to be successful.
The problem solving issues that come up during any type of entrepreneurial adventure require serious skills. The ups and downs of creating and owning a business require patience unlike any other. The amount of work can be daunting, but those with a hard work ethic will succeed. Trying to become a successful entrepreneur is all about knowing your skills and strengths, and using them to your advantage. Possessing these skills will help you to become that successful entrepreneur.
Characteristics Of A Successful Entrepreneur
Recently, I had the opportunity to have an engaging conversation with a successful Business Success Coach. During her many consultations with small business owners and their companies, she realized that it was possible to tell who the successful leaders would be, based on common personality traits that are exhibited in the workplace. She came up with Titles which exemplify these 3 simple characteristics, which she referred to as: 'The Nature of a Successful Entrepreneur'.
A. The Technician. This is the type of person who loves to be active, often falling in love simply with the process of doing. Technicians are people who handle the details of the job, the gears that make the clock work.
B. The Strategist exemplifies the type people who have great oversight of what is going on with in a business. Typically they do the planning, figure out the 'how' of doing things. These people take pleasure in making sure all the steps are in place, that everything fits properly, and that everything gets done.
C. The Visionary has the innate ability to look at the overall picture, the long view. The visionary gives you the passion, the fuel, and the drive to keep going. He or She can see problems others can't, and usually become enamored with the creation process.
Each of us has these three personalities within us to varying degrees, but one characteristic tends to dominate our personality. For instance, a successful entrepreneur exhibits characteristics of The Visionary at least 50% of the time. But too much envisioning can be a hindrance. For example, The Visionary often has a hard time coming up with the plan and has an even tougher time executing minute details. That's why it's important for successful small business people to also have strong characteristics of The Technician, and The Strategist. Of course, both of these personalities also contain inherent flaws. When it comes to entrepreneurial success, The Strategist and The Technician personalities either get too lost in the details or lose sight of the overall objective. A successful organization must have a 'Visionary' at the helm to keep the others motivated and on track, but more importantly, to keep the big picture at the forefront of thought, so the direction of the company is always on target.
If you don't think you are a 'Visionary', that doesn't mean you can't become one. You can always develop and enhance your visionary characteristics. In my own life, I've become aware of my tendency to migrate through three phases. I've given them different names.
a. The Creative Phase. This is when my creative energies are bursting, and the way to increase it is to LET IT FLOW. Write, philosophize, come up with new ideas. You'll feel driven and motivated. (The Visionary)
b. The Productive Phase. Have you ever just felt like doing tasks? I know I'm in this phase when I really don't care about sitting and thinking, I just want to get a job done.You might notice you're doing tasks that require little in the way of creative thought, but more work and time. That's how you know you're in a Productive Phase.(The Technician)
c. The Organizational Phase. I usually fall into this phase just after a solid production phase. I spend time cleaning up, organizing files, planning a new strategy - organizing my time and my life. (The Strategist)
I've seen myself go through these three phases repeatedly over the years, each lasting 1 to 2 weeks each. And it's very helpful to recognize which phase you're in so you can take best advantage of it, and not become frustrated when you can't, for example, be creative in your productive phase. I've recently learned how to stay in the creative phase longer. The next time you consciously find yourself in a Creative Phase, try to focus on the following:
1. Who you are
2. Where you want to go. In other words, your overall goals and mission
3. Doing what you are ideally suited to do, or finding out what you believe you are ideally suited to do.
These are big picture questions, which are what the Visionary focuses on. One thing that can really help you stay focused is to not only think about these 3 topics, but to pull out a pen and just start writing about them. You might not think it, but once you start writing, you'll be able to write a little more, and a little more, and a little more. And all this while you're focusing on big picture questions thus increasing your creativity! As I've pulled all my various projects into one common focus, I've noticed an increase in the time I spend in the creative phase.
In summary, to be successful in your own business or as an entrepreneur, you need to spend at least 50% of your time in the creative, visionary phase. In order to do this,
I. Work with your gifts. Focus on what you are truly suited to do best. This makes you happy, which keeps you motivated, which feeds your ability to be motivated, have passion, and stay driven.
II. Delegate or eliminate aspects of your work that that you don't like or don't do well. That isn't to say that you should never try to improve on something you don't think you do well. It just means that there are things you could do, but you don't enjoy it, you don't need to do it, and you could spend your time more productively doing something else.
III. Create an overall mission or focus for your life and your work and live in harmony with it. How can you be happy, and be a positive influence on others if you never think about and plan or think about doing the things in your life that you want to do?
Don't be frustrated if you're not the Visionary type, or if you don't want to be the Visionary type. Every successful small business must have a good strategist to figure out how to accomplish what the visionary dreams up. And every organization needs good technical people to do the tasks outlined by the strategists. No matter what your personality, though, you'll be happiest when you do what you are ideally suited to do.
Both Justin Stewart & Irene Rexlee are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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