Monday, January 28, 2008

4 Characteristics of A Successful Entrepreneur

Not all entrepreneurs are successful. Many never see profitability. M. B. Aria, a business columnist, has outlined 4 key characteristics of successful business owners.

See how well you match up:

1) Self-Confident - To succeed in the highly competitive business world, confidence and trust in oneself is an indispensable trait. Self-confidence means trusting your own powers and capabilities. The world of entrepreneurship is not alien to failure and disappointments. To survive in such a cutthroat world, entrepreneurs must have the ability to look within themselves and find the drive and persistence to pursue their enterprise. An entrepreneur must have the gumption to face any adversity and tackle any problems that may be encountered in the world of business.

2) Risk-Taker - Being an entrepreneur means having the ability to trust your hunches and acting on them. Great business ideas sometimes start as a hunch which enterprising individuals acted upon. There is always the risk of loss in any endeavor, and entrepreneurs have just the right confidence to take calculated risks to achieve their objective. However, an entrepreneur’s risk-taking does not depend on luck, but on sheer effort and hard work.

3) Competitive – The world of business is a very competitive environment. An entrepreneur must be aggressive enough to pursue his goal despite having many rivals and competitors. An entrepreneur must know how to stay ahead of his competitors, either by introducing new ideas and exploring new ventures, all in the spirit of expanding his business.

4) Honorable With A Good Work Ethic – Although it is a fact that the business world is ruthless, the successful entrepreneur will strive to make every business deal honorable. The mark of a successful entrepreneur lies in a good personal work ethic that ultimately leads to good business practices, excellent reputation and good association with industry peers and business partners.


  1. About being competitive, It is difficult to find a niche without competition, so be ready for it when you're in business. To survive you have to be beat the competition, being positive and creative would help a lot.

    Can I tell you about the Young Entrepreneur Society from the It is a good resource for entrepreneurs.

  2. This is a great article. You have to have patience in economically hard times. Really thanks for sharing.

    Thanks and Regards/-
    Jason Webb

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