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Business Consulting For The 21st Century Via A Holistic & Intelligent Approach

The 7 key traits of an entrepreneur

Answered => “Why are some people more entrepreneurial than others?” on Quora.

=> My answer…

It’s not just a willingness to take risk. In fact, from the perspective of the entrepreneur, the amount of risk is actually significantly less, and thus their willingness to do what others are unwilling and/or unable to do.

Combine that lower barrier to entry with (in no particular order):

1) Confidence – That is, the belief they will lead themselves to a positive outcome.

2) Innovative – The ability to see what others can not.

2) Vision – Raw ideas are easy come by. Entrepreneurs add depth by wrapping those ideas in vision.

3) Sacrifice – That is, the willingness to delay the reward. (Note: IMHO, this is a key differentiators between entrepreneurs and the average Joe/Jane..) An entrepreneur will sleep on the floor today to live on the beach tomorrow. Most people will not.

4) Empathy – The ability to put yourself in someone else’s shoes – be it customers or fellow employees.

5) Determination – Of course, the willingness to work extra hard is essential.

6) Making lemonade – Setbacks are not setbacks but opportunities to learn, grow and move forward stronger.

7) Support – Not essential, but a bit of “hang in there” love from family and/or friends doesn’t hurt.

Of course there are successful entrepreneurs who might not possess one, two or even three of these. But as a general rule these attributes allow entrepreneurs to be more entrepreneurial.

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