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Thursday, January 01, 2009

Qualities of an entrepreneur - Are you an entrepreneur

Entrepreneur is described as a person who forms a business out of nothing. Entrepreneur sees the opportunity where a common man just passes by. Everybody who starts a business is not an entrepreneur. Entrepreneurs are not made; in fact they are born with these qualities. Some distinctive features of an entrepreneur are

1. Self Motivated
2. Opportunist
3. Hard working
4. Education
5. Immoveable

Self Motivated:
Entrepreneurs are self motivated. To be an entrepreneur, you have got to be passionate by nature and capable of seeing hope in the gloomiest of situations. An entrepreneur life is prone to failures, disappointments and hazards. Entrepreneur should be able to fall, recover, stand up and get going again all on his/her own. Small pitfalls can not shake their belief in themselves.

Opportunist:
While the word may sound a little harsh and more of a negative trait than positive but the fact is that entrepreneurs are extremely good at spotting the opportunity and grabbing it with both hands when it comes their way. Not only will they make lemonade of every lemon they get, they will look forward to sell it.

More Work – Less Talk:
Entrepreneurs do not indulge themselves in years of planning and thinking process, they are more interested in executing the idea, instead of looking for its drawbacks. They prefer to give it a try. If you have got some business idea and you have been discussing it with everyone around you for sometime without doing anything about it, then you can be anything but an entrepreneur.

Education:
Mostly entrepreneurs are pretty sharp and intelligent when it comes to grasping the basic ideas but you will hardly find them topping the position chart or scoring extra ordinary marks in exams. They are normally interested in knowledge that is going to help them in their future ambitions; they don’t go around stuffing their mind with extensive knowledge which they know will never be used.

Immovable personality:
Entrepreneurs are bad listeners when someone is trying to discourage or criticize their plans. If they think the opportunity is there to grab, they will simply discard all “what” and “if”, especially if they are coming from someone else. This may hurt their social reputation but they hardly ever care. However, this stubbornness will never stop them from being flexible; they are quick to figure out if something is not working, and they are ready to change. They are quick to accept failure and move on to the next venture.

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