Want to start a business? It's a good idea to first consider whether you are the type of person who will do well running your own business.
It's not that certain people are predestined to be great entrepreneurs. We all can learn how to do it. But some personal characteristics will lead you to do better than others.
FICTION: To be an entrepreneur you must be born that way.
FACT: Anyone can learn to operate like an entrepreneur.
What are the similarities of successful entrepreneurs? Research suggests that entrepreneurs often possess these traits:
- desire for immediate feedback
- strong drive to achieve
- high energy level
- goal oriented behavior
- calculated risk taker
- problem solving skills
- tolerance for ambiguity
- strong integrity
- highly reliable
- personal initiative
- ability to consolidate resources
- strong management and organizational skills
- change agent
- tolerance for failure
- desire to work hard
Many entrepreneurs also had:
- A role model to influence them early on; and
- parents who were entrepreneurs.