Entrepreneurs: are they born or made?
The truth is somewhere in the midst of these two extremes. The many types of entrepreneurs you may encounter along your journey fall on a continuum, but people aren’t necessarily condemned or blessed to remain that way forever. You can definitely learn skills that will help you succeed as an entrepreneur.
- You’re great at spotting trends.
Entrepreneurs are always keeping their eye on the prize, constantly seeking for new methods to meet growing and demanding needs and wants. Alex Roff, Networthpick’s Account Manager and blossoming CEO of floral decorative business ‘Petals and Pearls’ stated, “I take note of what’s popular, what catches customers’ eyes more, look into competitors to see how I can do better and be better”.
- You’re great at making connections.
When a product is recommended by a friend, the average consumer is four times more likely to purchase it. Great entrepreneurs follow this idea and are able to market their products using the power of the media.
- You’re a visionary.
Entrepreneurs are masters at devising new ways to improve efficiency. They perceive possibilities where others see restrictions. Being a visionary, according to entrepreneur Zach Benson, entails believing that you can achieve your goals.
- You’re teachable.
Entrepreneurs are fully aware that they must continue to develop in order to grow at a faster rate. As a result, all of the world’s great leaders are eager for knowledge and learn from every circumstance. All successful entrepreneurs spend a significant amount of time learning via mentors, books, and seminars.
- You’re a risk taker.
We’ve all heard the phrase, “no risk, no gain,” and we’ve all seen those who have taken great risks and profited handsomely. “The biggest risk is not taking any risk,” (Mark Zuckerberg). Taking chances is how opportunity and development are created. When an entrepreneur takes risks that their competitors are unwilling to take, they might rise to the top of their field.
The entrepreneur’s willingness to take risks demonstrates to his or her team that he or she is a true business visionary and leader who believes in the potential payoff on the other side. Risk-taking promotes and facilitates innovation, which is critical. The entrepreneur’s willingness to take risks demonstrates to his or her team that they are a true business visionary and leader who believes in the potential payoff on the other side. Risk-taking promotes and facilitates innovation, which is critical. However, it is important to take calculated risks and not just take them ‘for the sake of it’.
- You’re passionate about what you are doing.
It will be difficult to overcome the inevitable challenges if you do not sincerely enjoy what you are doing. It is rare to achieve overnight success while starting a firm. It’s not an easy road from lack of clients to earnings. It will be tough to stay afloat in the face of disappointments and adversity if you don’t have an undeniable enthusiasm for the industry you’re entering.
- You’re comfortable and confident with taking initiative.
Entrepreneurs are movers and shakers. They don’t always rush into things, but they do act rather than waiting prolonged periods of time for the right moment to present itself. Entrepreneurs, you’ll see, aren’t the kind to be paralysed by analysis. They prefer to learn by doing rather than undertaking endless research.
“The best way to predict the future is to create it.”Peter Drucker
Toni is an Administrative Personal Assistant and Business Executive, who loves travelling, health and beauty, lifestyle and business. She regularly spends her time multitasking.