Thursday, December 20, 2007

7 Key Qualities of a Successful Entrepreneur

Great article to be read by everyone. Suits for everybody, irrespective of entrepreneurs but exclusively for budding entrepreneurs.

Article Courtesy: By Ms.Kristine Geimure - 7 Key Qualities of a Successful Entrepreneur - In Young Entrepreneurs section.

"Kristine Geimure - Young Entrepreneur Kristine is a driven young entrepreneur and has started several successful businesses online."

Being an entrepreneur is about more than just starting a business or two, it is about having attitude and the drive to succeed in business. All successful Entrepreneurs have a similar way of thinking and posses several key personal qualities that make them so successful in business. Successful entrepreneurs like the ambitious Richard Branson have an inner drive to succeed and grow their business, rather than having a Harvard Business degree or technical knowledge in a particular field.

All successful entrepreneurs have the following qualities:

Inner Drive to Succeed
Entrepreneurs are driven to succeed and expand their business. They see the bigger picture and are often very ambitious. Entrepreneurs set massive goals for themselves and stay committed to achieving them regardless of the obstacles that get in the way.

Strong Belief in themselves
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.

Search for New Ideas and Innovation
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.

Openness to Change
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.

Competitive by Nature
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.

Highly Motivated and Energetic
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!

Accepting of Constructive Criticism and Rejection
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.


Aarthi said...

Nice blog...You wishing to bcum one???

Aarthi said...

And have you read this one "7 Habits of highly effective ppl"...thts a nice book too..I had it in my syllabus in my P.G degree and I was the only Indian student to read that...:)

Karthick said...

Aarthi: Yeah I had seen the book "7 Habits of highly effective ppl" & i haven't read that and will read that in future.

Being an entrepreneur needs lot of patience and right now i don't have that patience and in future may be if i work really hard :)

stacie28 said...

You're right! Successful entrepreneurs like Mark Zuckerberg or Yuri Mintskovsky have these qualities mentioned above. These great entrepreneurs were passionate, resourceful and so they succeeded in their careers!