Entrepreneur: Traits to be successful entrepreneur

Entrepreneur

An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

The ability of entrepreneurs to innovate relates to innate traits, including extroversion and a proclivity for risk taking .The capabilities of innovating, introducing new technologies, increasing efficiency and productivity, or generating new products or services, are characteristic qualities of entrepreneurs. Also, many scholars maintain that entrepreneurship is a matter of genes, and that it is not everyone who can be an entrepreneur.

It has, however, been argued that entrepreneurs are not that distinctive; and that it is essentially poor conceptualisations of “non-entrepreneurs” that maintain laudatory portraits of “entrepreneurs.” There are a few common traits that are observed in most successful entrepreneurs.

10 Traits of successful entrepreneur

  • High level of confidence
  • Not afraid to take risks
  • Craves learning
  • Full of determination
  • Understands that failure is a part of game
  • Passionate about his/her business
  • Highly adaptable
  • Good understanding of money management
  • Ability to sell and promote
  • Expert at networking

So if you’ve got these qualities , then success is waiting for you. If not yet , its never too late.

NIET Ecell is woking on building these traits in  budding entrepreneurs  and is expected to produce one of the finest entrepreneurs of the decade  NIET Incubator has been set to support ideas of new startups, and providing them a platform to create new and innovative thinking and an opportunity to build there dreams.

Quote of the day : ” If you don’t build your dreams, someone will hire you to build there’s.

//: Check out more on starting a new business in coming posts.

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