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10 Characteristics For Entrepreneurs Wanting to Start a Business - See If You Have What it Takes
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Personal fortunes can be made in the midst of chaos.

Are you ready to change your direction and take control of your destiny? Are you ready to become the victor and not the victim?

Do you have what it takes to become an entrepreneur and change your future?

Basic characteristics of Successful Entrepreneurs:

Defined as a person who takes an idea, product or service and turns it into a business. There are two distinct types of entrepreneurs: One who develops a business from scratch. The other is one who purchases a franchise or purchases a functioning business.

For this article we will discuss the first type. There are many articles and research available on the second type.

TOP TEN MEASURABLE CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR:

1. Personal initiative and Action Oriented. Entrepreneurs are doers, not just dreamers. They are the ones in that upper left quadrant of the S4 personality chart. The drivers, visionaries who "Make it Happen."

2. Perseverance. The single most important quality is the ability to stay with it until the job is successfully completed. No one fails until they stop trying.

3. Ability to set and achieve goals. The successful entrepreneur knows where s/he is headed and sets the roadmap to get there. S/He follows that until the successful completion, making adjustments along the way.

4. Ability to recognize and solve problems. They are not surprised or intimidated by problems that are bound to arise. They are willing and able to solve them quickly so they can move on.

5. Ask for help and use feedback. They recognize that they do not know everything and seek advice from mentors and professionals. They use that feedback to propel them toward success. They are willing to learn from others.

6. Learn from both success and failures. They don't hide their errors. They analyze and learn from them. At least they know what doesn't work. They do not dwell on the failures but use them as stepping stones to the successes. Equally they learn from their successes so they can build upon them and use them for future successes.

7. Self-reliant and self-confident. They trust their future to their faith in their abilities, instincts and skills, but are not arrogant enough to admit their shortcomings. Cockiness leads to failure every time.

8. Moderate risk taking and risk sharing. Effective entrepreneurs take moderate risks, not so huge as to nearly guarantee failure. They are also willing to share that risk with partners.

9. Tolerance to uncertainty and ambiguity. They make effective decisions under conditions of uncertainty. They take change in stride and view it as a challenge.

10. Team builder. Entrepreneurs share credit for their successes, recognizing they are not able to do build a successful business alone. It takes many talents and abilities to create sustainable success.

Obviously this is not a comprehensive list but it gives us a place to start as we analyze ourselves to determine if we are ready to depend on ourselves or others for our future. Depending on others will only take us so far. Depending on ourselves and working on the areas where we are weakest will secure a future for ourselves and our families now and into the future.

After you honestly assess your own abilities to become a successful entrepreneur and escape your 9 to 5, it is time to explore the myriad of options available to you. Millions have found success in internet marketing of products and services. You owe it to yourself and your family to research all your options.

Rhonda Crosby is founder and CEO of eBusinessAssistant.com an outsourcing and virtual assistance firm for internet based business owners. She is also the author of 'Escaping Your 9 to 5' where she teaches aspiring entrepreneurs how to break free of their 9 to 5 job and start their own online home business. She invites you to pick up a free copy at Escaping Your 9 to 5. You can also follow her on Twitter.

Article Source: http://EzineArticles.com/?expert=Rhonda_Crosby

Rhonda Crosby - EzineArticles Expert Author

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This article has been viewed 248 time(s).
Article Submitted On: January 14, 2009



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