Traits for Success
You already know you need a great business idea, a solid business plan and some startup cash to start a business. But, you also need to have a personality that's suited to being an entrepreneur. Experts tell us the personality traits every entrepreneur needs to succeed.
Lots of Energy
As a brand marketing and public relations consultant, Lisa Murray has worked with a number of serial entrepreneurs and says one quality they all have in common is their ability to always be on the go.<p>
"Born entrepreneurs don't know how to power down," Murray, principal of <a href=http://murraywhalen.com target="_blank">Murray Whalen</a> Communications, told BusinessNewsDaily. "They emit a constant hum of ideas, plans, strategies and high-octane energy."
One of the key signs of a born entrepreneur is the salesmanship and power of persuasion they show very early on for their causes, said business coach and consultant <a href=http://uncommoncandor.com target="_blank">Nancy Eberhardt</a>. <p>
"Whether it is a landscaping business at age 12, or selling magazines door-to-door to fund a school trip, they are persistent in telling you about it and pitching why you need it," Eberhardt said. "They are almost fearless in who they will approach and present their idea, service or product to."
As someone who works almost exclusively with entrepreneurs, Robin Samora, president of the business and PR consulting firm <a href=http://letsmakeyoushine.com target="_blank">Let's Make You Shine</a>, said entrepreneurs all tend to have a unique way of fixing issues that may arise. <p>
"They come up with novel ways to solve problems that others can't even imagine," Samora said. "Ideas flow and come naturally to them."
Even in the worst situations, successful entrepreneurs always see the opportunity to glean something new, said Lili Balfour, founder of the investment banking firm <a href=http://atelieradvisors.com target="_blank">Atelier Advisors</a>. <p>
"When their world is falling apart, they remain calm, knowing that there is a lesson to be learned." Balfour said. "They are grateful for what has worked out and learn from what has not worked out."
Thrives in uncertainty
Especially when first starting out, <a href=http://enerpace.com/index.html target="_blank">executive coach</a> Elene Cafasso said entrepreneurs are able to function without a lot of certainty. <p>
"If you are someone who becomes paralyzed when there are too many moving pieces and too many contingencies, then owning your own business is not right for you," Cafasso said.
Tomas Chamorro-Premuzic, a research affiliate with <a href=http://hoganassessments.com target="_blank">Hogan Assessments</a>, believes entrepreneurs have an opportunistic mindset and are always prepared to take advantage of every situation. <p>
"They see opportunities where others don't," Chamorro-Premuzic said. "Few people are driven to pursue them."
Learns from mistakes
New York wedding expert <a href=http://nadiadigilov.com/about target="_blank">Nadia Digilov</a> said entrepreneurs all have a willingness to learn from their mistakes. <p>
"Natural entrepreneurs analyze their behavior and are not afraid to admit that they have made a mistake," Digilov said. "They attempt to correct negative behaviors more easily then non-natural entrepreneurs."
The mind of an entrepreneur is always at work, said Richard Stiennon, chief research analyst and founder of analyst firm <a href=http://it-harvest.com target="_blank">IT-Harvest</a>. <p>
"He or she cannot turn off the flow of ideas," Stiennon said. "Every problem is an opportunity to build a business to solve it."
<a href=http://piworldwide.com target="_blank">Business consultant</a> Paul O'Leary believes born entrepreneurs have a natural gift for gab. <p>
"They are assertive, direct and to-the-point with a sense of urgency," O'Leary said.
Hope Katz Gibbs, founder and president of <a href=http://inkandescentpr.com target="_blank">Inkandescent Public Relations,</a> said that as an entrepreneur herself, she believes those who are born with the characteristics needed to run their own business all are willing to get back up after being knocked down. <p>
"Our ideas aren't always successful, but the thing that differentiates us is that we don't give up — or give in," Katz Gibbs said. "We just learn from what didn't work, and what did, and start again."
Ultimately, she said, entrepreneurs are the last ones standing. <br><br>
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