Identifying the Traits of Successful Entrepreneurial Ventures

Entrepreneurial Traits for Career Success

Vision of an Entrepreneur:

Leaders have a clear vision of the future, they see where the company is going, where they want it to go. They are problem solvers. They have difficulty being afraid of failure, because they know that everyone makes mistakes. Successful entrepreneurs have overcome failure many times. They are problem solvers, solve problems, are persistent, seek new and creative ways to overcome problems, seek out solutions, seek out new opportunities. They believe in their own abilities and do not let setbacks hold them back from pursuing their Dreams. They are motivated by rewards. Successful entrepreneurs enjoy success, they look forward to it, they look forward to helping others achieve it, and they enjoy the journey. Successful entrepreneurs enjoy the feeling of being the difference, making a difference with a product or service that makes a difference. They are willing to make sacrifices. Successful entrepreneurs understand the need for flexibility and self managing. They make investments in their personal and business growth, they create working models and structures, and they establish appropriate working hours. Entrepreneurial leaders are also willing to make sacrifices, some of them large. For example, they might refuse to work weekends if the profits must keep increasing. They are not uncertain. Successful entrepreneurs have uncertainty worked out of them, they are not uncertain about themselves, their position, their decision, their investment, or what they are working on. They are not uncertain because uncertainty destroys happiness, it causes stress, it causes fear, it prevents creativity, and it makes mistakes. Effective hiring managers are also cautious; they know that uncertainties can creep up on any entrepreneur. They are team orientation. If you hire an entrepreneur, your team will have been built prior to his/her arrival. 
If you hire an ineffective entrepreneur, you are likely to create an unstable team, a team that is dysfunctional, disorganized, inefficient, overconfident, and, yes, even greedy. If you want to be as effective as possible when you are investing in your company's future, you must invest in your entrepreneur, in his or her personality, skill set, values, behaviors, knowledge, and personality, before you bring him or her into your business. They exhibit consistent behaviors. There is a wide variety of behavioral styles. Some entrepreneurs exhibit high energy, high performance, confidence, tenacity, and resilience, all of which are quite valuable.
Other entrepreneurs exhibit low energy, tenacity, fear, procrastination, timidity, insecurity, uncertainty, and inconsistency, all of which are also valuable. These traits are traits that, taken alone, make a very compelling case for considering an entrepreneur for a position in your business. Now that you know that you need an entrepreneur with the following characteristics, you can go out and find them!
You need a highly skilled entrepreneur with a good attitude, innovative and creative leadership, reliable financial management, team orientation, and a strong, stable, and long-term foundation. These are the qualities that make you most attractive to the right entrepreneur for a position in your organization. However, these traits are not enough by themselves.

Bottom Lines:

In the business world, it is important to consider other traits that might be important in addition to these. There are two main schools of thought about entrepreneurs and their management style: comprehensive and specific. Comprehensive managers tend to view entrepreneurs as whole individuals, capable of managing themselves and their business, and with a strong drive to become more involved, which makes them great managers in the business world. Specific entrepreneurs on the other hand focus on attributes that are specific to entrepreneurial leadership, and may not necessarily be focused on overall performance. For example, serial entrepreneurs tend to focus on one or two key aspects of their business. This might include business development, sales, operations, financial management, marketing, and so forth. In addition, specific entrepreneurs have been found to be more goal oriented than others. For example, serial entrepreneurs may be goal-oriented in terms of reaching a certain number of customers. However, they tend to not set clear goals for the business, although they may have certain short-term goals. The third school of thought is based on the study of entrepreneurial leadership. Many researchers, including myself, have looked at the motivation of entrepreneurial leaders. It has been found that those who are highly motivated have a sense of balance, are able to think outside of the box, and are able to work with people from all backgrounds. It is also been found that those who are highly motivated are positive thinkers, have high self esteem, and are willing to try new experiences. In a business environment where new experiences are the norm, these traits would make a great manager because they would bring about a sense of balance in the workplace. Now that you know the three important characteristics of successful entrepreneurial ventures, you need to look at what you can do to create your own vision. The ability to create a vision comes from your passion, energy, and drive. As an entrepreneur, you will have a constant need to keep learning about your business and its related areas of study. Take the time to read books, participate in online forums, and visit educational websites to fuel your passion and to inspire your energy.

Live Your Dreams!