7 Characteristics to be an Effective Entrepreneurship

Effective Entrepreneurship

 

Entrepreneurship can be defined as exhibiting one’s vision, taking action, and pursuing that vision as a goal to be achieved in life as service to reality. Because of entrepreneurship and the inventions, innovations of products and services, life becomes more convenient and rewarding for people around the world.

 

innovations

 

Entrepreneurs can be defined as anyone from the freelance designer to the corner grocery store owner.  The babysitter is a budding entrepreneur and so is the 10 year old who offers to cut your lawn.  Stated below are some of the distinct attitudes an entrepreneur should definitely have in order to succeed and grow:

 

Optimism – is being able to see things in a positive way regardless the current circumstances. If you are currently broke with no income coming in; how can we use skills we have or someone else has to fulfill a need that a group of people have?  There is always a way when you look at it from an opportunity to provide a solution to someone’s problem.

 

 

 

Finding a problem that already exist and a group of people who need the solution to that problem is where entrepreneurs best shine.  Just because an entrepreneur can’t do something today, does not mean they will never be able to offer it to their clients.   True business minded people find ways to partner, arbitrage and take advantage of opportunities available today as well as look at future trends to position themselves to fill the needs of a group of people.

 

Creativity – is thinking outside the box. Expanding one’s mind of what is beyond the ordinary through fine research and collection of data.  Most entrepreneurs don’t reinvent the wheel, they just find ways to make the wheel better.

 

 

You don’t always have to come up with a new idea, product or service that no one else is offering.  Sometimes, it is best to create a better product and then once you have a positive brand image, create something new for your customer base.

 

• Stability – either physical, mental, social or emotional, a leader must possess stability in life.  Of course, life happens to all of us, no matter how much we try to prepare, which means you should be able to handle tough situations during tough times.

 

Create an environment and mindset that can continue to thrive no matter the economy, competition, market trends and changes your personal life.  How will your business run if you become ill and can’t do what you do for 6 – 24 months?  If you have not thought about it, now is the time.  Can you take that time away from your business and still have a successful business.

 

Charismatic – intelligence of communicating with diverse individuals. A good entrepreneur must have a way to connect and convey ideas, instructions, motivation and their offers to everyone.  The old sayings are true “People do business with people they like” and “People hire people they like”.

 

Only in some niches and industries does being a world class A-hole work.  Most people don’t want to deal with other people who are negative, mean and really hard to get along with.  You don’t have to be a extravert, but you should learn how to communicate with those you will do business with.  You can hire others who have this trait to do the tasks that require this characteristic.

 

• Risk-taker – as someone beginning their own dream, which requires focus, determination, and the courage to take the big leap from what seems secure to the really unknown.  You should not be afraid of taking calculated chances when opportunity strikes, but you also don’t want to chase after every opportunity that comes your way.

 

True entrepreneurs see opportunity in everything.  You have to stay with the opportunities that best fit your personality.  Yes you want to step out of your comfort zone, but let’s be real… If you go to far out too fast you could very easily get analysis paralysis never really take action.  Understand what risks you need to take and what risks you are willing to take before you begin.

 

• Energetic – willing to do whatever it takes to reach to the finish line. Your drive must always be at its highest level since being an entrepreneur would mean putting in long hours and really never turning your mind away from business.  On someone else’s job, you have the luxury of clocking out mentally and physically when you end your shift.

 

When it is your own business, it is your baby.  There is no real time off, because just as in parenting, your baby may not need you for the day-to-day hustle, but you never stop thinking about your baby.  You want to always look for ways to make your baby grow healthy and strong.  The goal of every parent is to prepare their children to handle whatever comes their way.  We know we won’t always be around to protect them and make sure that they go in the right direction, so we give them as much guidance as we can while they are growing.

 

• Time Management – there are always things to do in your business.  How will you get it all done within 24 hours each day.  It is extremely important that you need to show up for yourself, your customers, your employees, your vendors and everyone else associated with your business.

 

You must show up prepared and with the right attitude.  Your customers don’t pay you to have problems, they pay you to fix them.  Maintaining established business hours is the first step in managing your time.  Keeping a schedule and making sure that everyone who works for you respects your time.  If your employees and vendors are consistently arriving late, this is an indication that they don’t respect your time.

 

If you have already taken a leap of faith and became an entrepreneur, I salute you for all of your hard work and the guts to go after your vision.  If you are still considering entrepreneurship, take the time to find out what excites you and who you want to serve in your business.  With the help of the Internet you can start almost any type of business from the comfort of your home.

 

One’s greatest failures is never trying.  Never having the courage to go after your dreams.  This would be a true entrepreneur’s greatest regret. Think Big.  Act Boldly.   Make your business dreams come true.