10 CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS
Multiple factors go into starting a successful business, including a strong concept and some initial funding. Perhaps the most important ingredient is the entrepreneur, who must take charge of turning their idea into a fully operational business.
If you’re thinking about launching your own venture, you might be wondering if you have what it takes to be an entrepreneur. To understand what makes a successful entrepreneur, you first need to know what entrepreneurship is.
Entrepreneurship is commonly thought of as the process of starting a business. While this is true, in part, some nuances should be considered.
By that definition, entrepreneurs—either as individuals or in teams—discover opportunities throughout their personal and professional lives. They form hypotheses about ways they can deliver value to customers and perform structured tests to validate their ideas. This often involves recruiting teammates and investing funds to determine how they’ll deliver a product or service at an acceptable cost.
Great entrepreneurs come from all walks of life. In Entrepreneurship Essentials, it’s noted that “there’s no single personality profile, and it’s important to pay attention to the entrepreneurial team, rather than focus on the individual.”
