This post was most recently updated on February 23rd, 2018
A list of personality traits in entrepreneurs will also come in handy, if you keep second guessing your decision of being one yourself. An entrepreneur, as we all know, is a person who invests his assets in a risky venture hoping for positive results.
We can also say that an entrepreneur is similar to a leader who has a significant role over a business or a group of people in an organization. What are the examples of personality traits that are found in entrepreneurs?
You will find out your answer in the list of characteristics of entrepreneurs below.
List of Personality Characteristics
Here is a list of characteristics and personality traits in an entrepreneur:
- Lots of Ambition
- Ability to take the leap of faith
- The willingness to get back up after they fail
- Believe that mistakes and failures are part of the learning process
- Determination to keep going
- Self Discipline to manage their own time
- People’s person
- Gives respect to people they work with
- Trust their team
- Passion to achieve what they envisioned
- Perseverance to keep going despite the hurddles
- They are resourceful; not necessarily in monetary terms, but in their ability to connect with people to get things done
- Ability to take criticism in a positive way
- Attracts people
- Inspires their team, and people around them
- Flexible to work around a problem, with the determination to accomplish what they had planned
- Enthusiastic and full of energy
- They possess a sense of vision that others can’t see
- Confident in their own abilities
- They’re highly motivated with an intangible vision
- Don’t shy away from taking risks
- Very adaptable
- Always willing to learn new things to keep progressing
- Knowledgeable in their area of interests
- Great planners who put everything together
- Dedicated to their mission
- They are very focused
- Take the time for self-reflection
- They don’t rely on anyone but themselves
- Good at finding the right people for the right jobs
- The ability to relate to people
- Understanding when and how to show empathy
- Great listener
- Articulate orator
- Very decisive
- Great financial forecasters
- Have an eye for spotting opportunities
Top 8 Characteristics in Entrepreneurs
Out of the many personality traits in entrepreneurs above, following are the top 8 ones in our opinion:
A good entrepreneur has the journey to accomplishment and achievement. He must be persistent and consistent in his activities to achieve out of business. Such a personality trait helps him to learn from his failures and perform even better.
Desire to lead
Another factor in the characteristics of entrepreneurs is the desire to lead. If an entrepreneur is willing to drive and not only invest, then he is one of the successful entrepreneurs. He must have a strong desire to influence his colleagues in a way that they follow him.
Honesty and integrity
In entrepreneurship one of the most important qualities is staying honest. This does not only involve being honest with people involved around. This also includes being fair to your inner self and doing your job the right way. By deceiving others, an entrepreneur may feel successful, but in reality, he may lose his integrity amongst others. This is yet another excellent point in our list of characteristics.
Indecisiveness often creates confusions and problems. He should have self-motivation to do tasks himself. There should be a minimum reliance on others. Also, he should be motivating for other people because this, in return, would bring in an overall improvement to the entire organization. A person who sticks to his decisions and commitments can achieve the most since he puts his whole effort in making what he has decided. When entrepreneurs do that, the results come out in the form of six-figure numbers straight away.
Wise decisions are made by entrepreneurs who are intelligent by both heart and mind. They should have the ability to act wisely with their emotions and intelligence quotient. Also, the entrepreneur must be able to gather information and interpret data which would help him in problem-solving as well as making the right decisions.
One of the most important personality traits in our list of characteristics is Job-relevant knowledge. No matter what business an entrepreneur investing in to, he must have right know-how about the company. A sound background regarding the business procedures would reduce the chances of errors and mistakes. Also, high knowledge of the industry and technical matters would allow him to deal with other businesses favorably. An entrepreneur with a high job-relevant understanding is going to be much more successful as compared to an entrepreneur with a lower job-relevant knowledge.
By this, we mean that an entrepreneur is a lively and energetic person. Unlike a sleepy investor, he takes part in the business activity and takes the matters in his own hands. Even more, the entrepreneur is social with his team and assertive on them in a way that nobody feels any additional obligations or tasks.
Vision is an important one in our list of personality characteristics of an entrepreneur. An entrepreneur must have a broad, and he should not only have a look at short-term specific goals. He should take the organization as a whole and not give any undue favors as well. With a broad vision, the entrepreneur would be able to foresee the future and analyze the position of his business in the market.
The above list of characteristics of a successful entrepreneur is genuinely inspiring. One must not only have a few of these, but all of them to be a successful one. Find out which qualities do you possess and try to attain those which you don’t. This way, you would see yourself one step closer to being a successful entrepreneur in the future.