A true entrepreneur is a rare breed of person, this is to tell you that entrepreneurship is never an easy ride, and neither can it for every Tom, Dick, and Harry. Indeed, to be a successful entrepreneur you need to pose some incredible and unique cocktails of characteristics, traits, and skills in the bid to go against the odds, move ahead of the pack and go for your dream full throttle. Even though there is no one size fit all theory, nor is there any described formula that all entrepreneurs must employ to succeed in their business undertakings, there are common attributes that successful business men share. Therefore, to be a successful entrepreneur, then just like the NI number is unique and important to every person who would want to work or do business in the UK, the following business traits, characteristics, and attributes are also unique and important to every successful entrepreneur out there.
• Big Idea and Resourcefulness:
The first trait for a businessman to succeed to have a great idea that will attract customers and set him ahead of his competitors. Having a great idea ensures that the entrepreneur not only employs or utilizes the limited resources at their disposal to make the biggest returns from it, but proper skills and ideas will allow them to mobilize almost every resource to their side such as human, financial and political resources all to their advantage.
• Passion/ Motivation:
To succeed you need to have that internal drive to succeed in every of your undertakings. It that passion that motivates and pushes a person to strive forward. Passion invites optimism, and the zeal to pursue your goals to the long haul, even if it is a treacherous path. You carry on, however, challenging the task may be until you eventually get to succeed.
• Perseverance, Tenacity, hard work and discipline:
The ability to never give up, ability to go against the odds, pick yourself up and to continue with the journey, put in your all and still remain unobstructed is imperative if you are to succeed as a business man and more so if it is a path or a venture that you are unfamiliar with. Discipline and hard work is therefore important if you are to employ your skills to your best and without getting obstructed.
• Innovative, Open Minded and focused:
The ability to change the status quo and be able to come up with new and better ideas while at the same time being flexible in mind and accepting changes without fear of failure while in the same breath remaining focused to your main agenda is very important if as a business you are to succeed. This is, therefore, the ability to shrug off constraints, while not being tied down to specific and rigid ideologies.
• Competitive Spirit:
To succeed as an entrepreneur you need to accept challenges just like you would want to emerge the winner. The guts to start a business itself is a challenge and thus navigating through these business challenges will help you to acquire sufficient growth to be able to trounce upcoming challenges as well as to work towards the improvement and growth of your business.
• Money management:
This is a key element as an entrepreneur if you are to place your money where your mouth is, in the right place and in an investment that will guarantee and ensure you better returns. When the capital is limited then you need to utilize it wisely. Keeping a complete and a successful handle and records on your cash flow is actually the most significant aspect if you are to succeed as a business man.
• Networking capabilities:
Indeed, being able to tap into a larger network and to more business and people is very important if you are to succeed as a business man. It allows you to reach not only to mentors, which gives so much exposure but also enables you to pull a larger group of customers. This, therefore, allows you to have not only a wide pool of clientele but also mentors as well as possibility to solicit for resources from a number of people.