8 Personal Qualities of an Entrepreneur

Author: Notre Dame ESTEEM

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The concept of entrepreneurship is very simple - to start one’s own business. However, some economists think it is more than that. They think that a person who takes chances to gain profit is an entrepreneur and possibly the simplest definition of entrepreneurship is, a novice who wants to invent something new and wants to market his/her innovations for profit.

So, while everyone can become an entrepreneur, it is beyond race, age, gender, financial position, experience and education, the most prominent entrepreneurs of past and present have some certain personal qualities. 

Willpower

It is the key of success. The strongest longing to achieve success is willpower. Despite all the failures, the entrepreneur never loses heart. 

Management

The qualities to make regulations, devise targets, and then observe them until accomplishment.

Obsession

The attribute to make others believe in entrepreneur’s vision calls obsession. It is not planning but it is strongly related to planning.

Stylishness

To have a common sense regarding decisions, innovations, and dealings is considered as smartness. 

Self-assurance

Planning is the source of self-confidence. Foreseeing the events prior is the part of business planning. It infests you with confidence. Expertise is also helpful in building self-confidence. 

Devotion

The most encouraging factor of an entrepreneur is devotion. Just because of devotion, he/she works day and night to achieve their goals. 

Inspiration

The spark for any new business has association with creativity. It is an ongoing process for better product, excellent result, and thinking out-of-the-box. 

Suppleness

To transform your product and yourself according to the needs of the market is commendable quality of an entrepreneur. This quality is very important, as stubborn people cannot become good entrepreneurs. 

Do you have any atributes that you'd add to this list?