Recently I was talking to an entrepreneur-turned-investor and he asked me the question “what makes a successful entrepreneur?” After thinking about it for a minute, several characteristics came to mind.
Here are a few things that make for a successful entrepreneur:
- Extreme resourcefulness
- Strong work ethic
- Excellent team building
- Clear vision
Did I include money or book smarts as a pre-requisite for a successful entrepreneur? Nope. Those things can help, but it’s much more important to have the four characteristics listed above.
What else? What other some other items that make a successful entrepreneur?
I believe these are critical to accomplishment:
- Flexibility: you have to learn and adjust along the way. Set a downfield target and be open to change along the way
- Focus: for entreprenuers, multiple ideas can turn into multiple business opportunities. Going back to a previous post, you have to say no to every opportunity it’s and focus on ones you feel passionate about.
Resiliance – an entrepreneur has to have the ability to take a punch, stand back up, and keep on going… Time after time after time.
how about Persistence?
I would add an appetite for risk to the list.
Courage: Overcoming fear.
great input! so many options: stress and time management. unrestricted, no family obligations, etc etc
Dedication to his/her goal make a successful entrepreneur
Dedication to work make a good entrepreneur