The characteristics and skills of a good entrepreneur
What’s the main factor that makes for a great entrepreneur? To be a basketball star, you would most likely be extremely tall, fast, athletic, and have real hops. But the qualities of a great entrepreneur are more abstract or illusive for someone studying entrepreneurship and business. There are five major traits that you should have when it comes to building a business and living the life of an entrepreneur.
The ability to sell something is absolutely necessary to knowing how to run a business at any stage. Whether you’re starting out on the floor selling physical product or the CEO of an agency selling the talented employees, you need to know how to make a sale.
A chip on your shoulder.
Either you were born with nothing, zero, and you’re just hungrier than the average human. Or, it’s the reverse: you born into a lot of wealth and opportunity and you want to prove that you don’t need it, and can do it on your own. In either case, some kind of chip can push you a long way, especially for the amount of hours and energy you’ll need to put into your business.
An independent spirit.
Being an entrepreneur means you rely on yourself and no one else. At the end of the day, you need to be 100% comfortable with making the final call, being able to trust yourself and your intuition.
Understanding consumers and consumer attention.
Zuckerberg is a fantastic example of someone who truly understands and trades consumer attention. He got it with his product: Facebook. He held onto it by identifying and acquiring Instagram. And he saw it with Snapchat too, but that deal didn’t pan out. In any case, the lesson is that not only knowing where the consumer is, but also where they are going, is crucial.
It can be a slow and lonely climb to the top. If patience is a trait you don’t currently possess, but you want to play in this world, you have to develop as much patience as you possibly can.