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Thursday, March 28, 2024

Characteristics of Successful Entrepreneurs

Financial Post has an interesting article entitled “Understanding the psychology of the successful” which lists the characteristics of successful entrepreneurs. According to the article, those who succeed in entrepreneurial activities share the following attributes:

  • often relatively comfortable with ambiguity, uncertainty and risk
  • strongly influence events (or self-efficacy)
  • have high levels of work motivation
  • characterized by high levels of social competence and social intelligence
  • has an ability to build relationships and to connect with others on a social and interpersonal level
  • single-minded and devoted to their unique passions
  • have a unique ability to see opportunities others fail to recognize
  • may judge ambiguous business conditions in more positive, enthusiastic, and optimistic terms
  • takes advantage of resources such as mentoring, counselling and other small business development assistance
  • has some blend of critical analytical thinking, creativity, and practical implementation of ideas

The question now is, do you have to be born with these characteristics or can you develop them through experiences and education?

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