Essential Traits of Successful Entrepreneurs

Do you have what it takes to be an entrepreneur?

Entrepreneurship appears to be a trend at the moment. I see all over social media of so many so-called Web entrepreneurs. From the outside it may seem glamorous but I know from experience it’s a grind filled sleepless nights and several highs and lows.

 

Below are 8 essential traits successful entrepreneurs have.

 

  1. Vision

Keeping an eye on the big picture is an important trait for an entrepreneur to possess. Along the way there will be obstacles that will make things difficult. Entrepreneurs with a vision can see problems ahead of time. They can also see where the industry is going. Having a vision can help you as an entrepreneur better prepare and have solutions when problems do arise.  

 

  1. Decisiveness

Decisiveness is defined as the ability to make quick decisions. This is very important in business as there is no room for procrastination. By being organized you are able to prioritize tasks so that you can go on and make the necessary business decisions for the organization.

 

  1. Collaboration

Collaboration is key in business whether you are an entrepreneur or not and is an important trait to have. Most Universities work on preparing students with projects that require collaboration to better prepare them for the workforce. Additionally, 78% of hiring managers seek job candidates who demonstrate strong teamwork skills, according to the National Association of Colleges and Employers Job Outlook 2017 survey. A job that requires a tremendous amount of collaboration is an internet marketing consultant as they are collaborating with web developers, content strategist and graphic designers at any given time.

 

  1. Creativity

Entrepreneurs at times have to think outside of the box to provide solutions and this takes creativity. As entrepreneur creativity is a trait that can have a direct impact on the business and its bottom line. Creativity can lead to improvements in workflow or productivity.

For instance, let’s say you see how there is better productivity among employees with more collaboration but they are constrained to cubicles; you can come up with creative solutions such as making adjustments in the layout of the office floor plan designing a new space that supports collaboration among team members.

 

  1. Persuasiveness

If you want to be better at making deals which as an entrepreneur is significant because you may be having to negotiate deals with vendors or suppliers to get the best price and quality. persuasiveness is the trait that you are going to want to work on. According to career coach Phyllis Mufson persuasiveness can make you a better negotiator which gives you an edge when going after a plum assignment, raise, or promotion says career the career coach.

 

  1. Have a backup plan

You want to make sure that you are always on the safe side with your business. Having a backup plan for your business in case of any shortcomings is the best thing that you can ever do to your business.

Business can be unpredictable sometimes and you have to have a cushion for when things fall apart. This will help you get back on your feet.

 

  1. Environmentally friendly:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Customers are now more conscious of the environment they live in and will be more attracted to your idea or product if it is environment-friendly. For instance, if going for some skin care products, try to include natural and organic ingredients and promote your product in the same way.

 

  1. Flexible

As an entrepreneur you need to be flexible and be able to adapt to unpredictable situations that may arise. Whenever a team member needs help a flexible person would rearrange their priorities so that they can offer help.

 

Conclusion

These traits were selected because they represent a wide range of traits that are needed in diverse business settings and situations. Some of these traits take time and effort to develop. However by putting in the time and effort to incorporate some of these important traits that are necessary for a successful entrepreneur. You can expect a better work environment, increase productivity, profits and reduce turnover.

 

Author

Lorenzo Gutierrez MBA a California native graduated with his Masters in Strategy & Management in 2013. Now he’s a digital strategy consultant as well as a Google partner he received his certifications in Analytics over a year ago.

 

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