Company formation professionals and business solutions experts agree that the entrepreneur plays a very big factor in the ultimate success of any start-up business venture. The successful entrepreneur must acquire certain characteristics that would ensure that he has the right disposition to handle his business and face any obstacles that may come his way.
Here are some more characteristics a successful entrepreneur must possess:
Goal setting – The willingness and ability to set realistic yet specific business goals. It also means having the foresight to make the necessary plans to achieve the goals that have been set.
Flexibility – The successful entrepreneur must be the definitive jack-of-all-trades and show how flexible he is. He must be able to handle the various responsibilities and roles that is required when starting a business like marketing, finance, research and sales. Aside from this, the entrepreneur has to handle his staff and still be conscious about the various decisions that have to be made – are real juggling act.
Leadership – the successful entrepreneur must have the skills to lead his team to success. Strong leadership skills will enable him to set goals and targets and inspire his staff to achieve them. A true leader must also be able to share his vision to his staff and unify their actions in pursuit of that vision.
Independence – This is a trait that all entrepreneurs should have in the first place because it is rooted in the desire to be their own bosses – hence the decision to start their own businesses. An independent streak also means being able to go it alone especially during the crucial start-up phase where the entrepreneur must do everything on his own.
Perseverance – Focus and determination is a crucial formula for success. The successful entrepreneur must never be discouraged by setbacks or failures.