header image ≡ Menu

7 Traits Every Entrepreneur Must Have

If you look at the word ‘entrepreneur’, the dictionary defines its meaning as – “a person who manages and systematizes a business venture, utilizing his or her own initiative, assuming all calculated risks.” The word entrepreneur is so widely used nowadays that everyone can claim to be one. But what does it take to become a qualified one?

In fact, anyone can be an entrepreneur regardless of their age, race, sex, and religion; a willingness to lead, a passion to succeed, and commitment are all necessary to become one. Nonetheless, there are 7 Traits that you can find in almost all entrepreneurs:

#1 Being Able To Focus: Laser-like focus is a quality seen in all great entrepreneurs. Nothing can stop them to finish what they have planned. Hence, things get done quicker.

#2 Stand Out From The Crowd: If you look like everybody, no one will notice you. Great individuals have the ability to think creatively and differently. Being able to think outside the box is a trait that is necessary to outperform others and bring you to greater heights.

#3 Great With Managing Finances: Keeping on top of the finances is essential to being an entrepreneur. Not only you need to be profitable, you need to avoid overspending too.

#4 Make Quick Decisions: It is crucial that an entrepreneur is able to make decisions fast at the right time, and not be too concerned with external opinions whilst also being able to stand behind or support a particular decision without doubting the choices made.

#5 They Are The Leader: Successful entrepreneurs set themselves up as “the boss.” If this is the case, then it’s likely that they have people working under them. As a leader, it’s important to lead the path and work with others in a constructive and productive manner.

#6 They Never Stop Improving: Successful people continue to develop themselves, discover useful business skills, and acquire the latest knowledge wherever possible. Absorbing new information has turned into a desire, NOT merely a requirement for them.

#7 Being Confident And Fearless: Fear is a vital component in the entrepreneurial realm. Having the ability to be fearless in new business venture is a great quality for any entrepreneur. Not fearing challenges, competitors, criticism should be an automatic trait.

“If you cannot do great things, do small things in a great way.” Napoleon Hill

The 7 Traits listed above will assist you to reflect and determine if you are on course to becoming an entrepreneur. If you are not quite ready to start your journey at the moment, but aspire to be one in future, then it will be necessary for you to develop MOST of these traits. Start dedicating your effort to install and maintain these qualities; sooner or later, you’ll find yourself heading in the right direction to becoming a flourishing entrepreneur!

Please leave a comment if you’ve more to add, I’d be interested to read your thoughts.

by KM Lee

KM Lee has been a self-employed geek since 2008. Currently he's working full-time from home online. You can also connect with him: