Five Great Qualities Entrepreneurs Should Possess

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.  Entrepreneurs organizes, manages, and assumes the risks of a business or enterprise.

Entrepreneurial success is all part of a journey, but there are five qualities that will encourage and aid you along the way.

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Five Great Qualities Entrepreneurs Should Possess


Be ready to take risks

Being afraid to fail is a common affliction to all entrepreneurs, but the fact that we still go ahead, irrespective of the obstacles standing in front, stepping into the water and swimming to the deep parts takes a lot. As a risk taker, we must be firm, resolute and confident in decisions taken, even when nobody believes in us.

As entrepreneurs, we have to be willing to fail, so as to learn from such mistakes. We don’t know what’s around the next corner. As recent world events have shown, nobody does. We must take our best shot and learn from what doesn’t work. Failure is a gift. Every entrepreneur is not only comfortable with that notion, but they embrace it. Entrepreneurs understand that it’s part of the journey.

Most ideas and ventures fail. If you’re not failing, you’re not doing it right!

Do critical thinking

There is need to seriously look inward and bring out those innate abilities that are locked with us, critical thinking enables entrepreneurs break free from regular routines. It is the ability to assess information and judge it on its merit before acting on it.

Every entrepreneur must be very skilled at assessing information. They have an instinct for it that they trust with a clarity of vision (we’ll come to that shortly) guiding them towards their goal. Following the herd won’t usually get you where you want to be. Thinking critically and independently will.

Clarity of vision

A lack of connection with the outcome tends to trip most people up when embarking upon a new venture. They haven’t built enough of an emotional tie to achieving what they say they want to, so they lose a connection to it.

This manifests itself in lots of different ways.

Every entrepreneur has a created vision for what they want to achieve. They can emotionally connect with it and pinpoint how it will feel when they reach their goals.

Usually, self-sabotaging behaviors like procrastination slowly creep into our minds. This is because our subconscious fights the change our conscious wants to enact. It fears change because it represents the unknown and wants to stay near safety.

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Five Great Qualities Entrepreneurs Should Possess

Leverage over themselves

Friedrich Nietzsche said, “He who has a strong enough why can bear almost any how.” What sets an entrepreneur apart is their utter faith and emotional connection to their desired outcome. They know that they will always be moving towards that goal regardless of setbacks.

How? Because they have enough leverage over themselves, the thought of not always progressing towards their desires is more painful than giving up. Armed with this desire, they are unstoppable. Nothing will deter them.

Strong communication

Every entrepreneur knows that they need others to succeed, so they seek to surround themselves with people in positions they would like to emulate.

Without good communication skills, it’s impossible to paint an accurate target for others. If you want others to understand your passion, drive and leverage, you must communicate that.

It’s so easy for things to unravel quickly as you introduce more people to a company or cause. That’s why strong communication is a quality that every entrepreneur must possess.

There are other good qualities that can be mixed up with the aforementioned qualities to achieve good result, such qualities are listed below:

  • Professionalism
  • Passion.
  • Planning.
  • Knowledge base.
  • Social Skills.
  • Open-mindedness towards learning, people, and even failure.

My encouragement is to take stock of where you’re at in your entrepreneurial journey and see which of the above areas could use attention. Then seek help and guidance on how to grow in those areas.

Keep going and maintain the connection with your chosen outcome. You will get there!


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