Top 10 Qualities and Characteristics of an Entrepreneur

What does it take to become an entrepreneur? Do we need to have a master’s or doctoral degree in business to become competent entrepreneurs? Do we need to have long years of business experience to attain entrepreneurial success? What are the attributes of a true entrepreneur? To answer these questions, let’s find out the traits and features of the persons who undertake entrepreneurialism. The following are the top 10 qualities and characteristics of an entrepreneur.

1. Change

Entrepreneurs are catalytic business and market leaders. Entrepreneurship actually starts from the will to change something big in the society, market or the business world at its entirety. When they observe that a new product, goods, services or solution must be created to answer and serve as a solution to people’s problem, they are the ones who act to realize them.

2. Distinction

These catalytic people are reflective individuals who get ideas and concepts from their own. They love originality and uniqueness. Their products are their arts of masterpiece. This distinction also becomes their advantage over other business persons.

3. Courage

Entrepreneurs take the courage to pursue on their vision and mission. Moreover, they also take the accountability of their actions. This is why they also become prudent and ensure that risks are calculated. Their bravery is great, as great as their objectives.

4. Passion

Because they take the risks in choosing to pursue their great objectives, they enjoy the passion in working for those objectives. Their enthusiasm generates from doing jobs they believe are worthy. They love what they do despite of troubles and hardships.

5. Focus

Their enthusiasm helps them to easily avoid distractions. This is because they voluntary concentrate on their works, without dragging themselves to continue on those tasks. With their interesting works that also utilize all of their skills and talents, they automatically achieve focus.

6. Diligence

Entrepreneurs become diligent because of the natural effects of passion and the privilege to work what they love to do. Also, they become hardworking because of the responsibility and accountability they assume. Their laziness is destroyed by their passion and their deep care to others.

7. Confidence

These individuals acquire vision and they make sure that their vision is clear. They calculate the risks and assess themselves. They don’t waste time and energy for worries. They are confident, and their confidence is backed up by their intelligence and diligence.

8. Patience

An entrepreneur is consistent. He or she endures for the accomplishment of his goals. However, his patience is not magic. His patience is a product of constant practice. He also knows how to manage his health and reduce his stress. This strengthens his patience and resistance.

9. Self-discipline

Although entrepreneurs are capable people, they can stay humble. An entrepreneur is not the master of himself. He has many masters. An entrepreneur is a strong servant and disciple of diligence, patience, humility, kindness, self-control and responsibility. Themselves aren’t their masters… they are selfless anyway.

10. Holism

This is one of the best qualities of an entrepreneur – the ability to connect all of the qualities we have discussed from Number 1 to Number 9, including this Number 10. Entrepreneurs are holistic. They can bind all of their great qualities to work as one. They can see and understand the whole sense of doing business. This is also the reason why they are not only profit oriented, but also they are oriented to customers’ satisfaction, employees’ welfare, their personal growth, the societal development and the betterment of the world we live.

So… do you possess any or all the qualities and characteristics of an entrepreneur? Do you have what it takes to become a real entrepreneur? If you lack one or more of those qualities, don’t worry, take it a challenge, and have courage, entrepreneurship is an evolving process anyway – and it takes a lot of practice to achieve… just like other great things.

Victorino Abrugar is a retired CPA practitioner, a blogger, speaker, and an entrepreneur. He's the President of Optixor, Inc., a digital marketing company based in the Philippines. Follow him on Twitter at @viclogic.

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