What are the personal traits and backgrounds of people who become successful entrepreneurs?
No matter what your background is, an entrepreneurial venture may be right for you. Successful enterprise is a combination of personal qualities and quality planning. You don’t have to be a genius with a killer idea: most successful startups begin with incremental innovations. You don’t have to be totally fearless, either: entrepreneurs who prosper have a healthy aversion to risk. Nor is technical business know-how essential: you can learn as you go along, or you can enlist an experienced businessperson as a co-owner. An individual who has all the right qualities for entrepreneurial work, but a poor plan will not succeed. Nor will a person with a great plan but weak motivation and a fear of uncertainty.
What you must have is a solid plan, the ability to execute it, and a high degree of motivation -- motivation that makes business success an important personal goal. Do you have these qualities?
Ideas and drive
Ability to identify opportunities
Ability to excite people by vision
Comfortable with uncertainty
Solitary; don’t like working for others. Prefer being own boss
Rarely satisfied or complacent; can’t sit still
Driven to plan and be prepared
Experimental mindset; OK with starting small and recognizing and moving past failures
Perseverance in the face of adversity
Tendency to continuously look for a better or different way to do things
Ability to close a deal
Ability to listen, trust, take advice
Comfortable with finance
Comfortable with financial governance
Family members have started businesses
Friends have started businesses
You have worked at a small business or startup.
Source: Harvard Business Review. Entrepreneur’s handbook: Everything you need to launch and grow your business. 2018.