Agile: You must have an agile mind. An entrepeneur thinks fast and reasons intelligently. This enables him to assess business opportunities after identifying a need and then moves quickly to satisfy it.
Business-conscious: Most successful entrepeneurs are business-conscious peopl. Their eyes and ears are mostly focused on hearing about or seeing a business opportunity an they easily notice one when it appears.
Courageous: You also need to exhibit extreme courage to cope with all the risks of operating your own business. Low patronage, harsh economic environment, risk of losing one's total investment and dwindling fortunes of the business hardly discourage successful entrepeneurs.
Dynamic: A successful entrepeneur must possess the energy and enthusiasm to turn his business ideas into reality. He works tirelessly to lift his business out of a state of declining profit or margin of distress to margin safety. He injects new ideas, creates new business environment, adds new product lines and turns around the fortunes of his business for the better.
Enterprising: Like the virtous woman who was so enterprising that she entered many businesses, an entrepeneur has the ability to venture into new business areas. He may start from the scratch or buy an existing business and bring creative innovations that are bound to succeed. In the same vein, he may bring new ways of doing things and make them successful.
Focused on profit: His eyes are fixed on profit he can make and his goal in any venture into which he ventures is what he can gain from it. He is not a kind of person who is doing business for its sake or because its in vogue. As a result he evaluates his progress from time to time and takes appropriate steps.
Hardworking: As a prospective entrepeneur you must have appetite for hard work. Your aim of owning your own business should not be so that you can open or close the business anytime you so wish. Most sucessful entrepeneurs work long hours and hardly give up. The ability to work hard usually contributes greatly to their success story.
Discerning: To be successful as an entrepeneur you must have a good sense of judgement. Doing business involves decision making i.e, choosing between alternatives. Successful entrepeneurs think carefully and make sensible decisions.
Knowledge of markets: Successful entrepeneurs usually have good idea of who the customer or target market will be before implementing decisions related to the marketing mix vaariables ( product, price, distribution, and promotion).
Full of leadership skills: Even if you don't consider yourself a born leader, since you have to manage your business, you will need to develop certain leadership skills ( attending seminars, read good books, etc.). This is because you have establish direction, initiate actions, communicate, inspire and motivate your employees towards achieving organizational goals.
Ready to take risk: Entrepeneurs have preference for moderate risk. They hardly seek wild risk. An entrepeneur tries as much as possible to rerduce risk by removing as many obstacles to the successful launch of his venture. "He plans and takes calculated risks based on knowledge of the market, available resources, and a predetermined measure of the potential for success.
Passionate about success: You need to have in you the drive toward personal success, you must have abundant confidence in your ability to succeed.
Able to organize: Successful entrepeneurs have the skills to organize. They allocate resources assign tasks, and establish procedures for accomplishing goals. By combining people and jobs effectively,entrepeneurs are able to transform their business ideas into reality. If you measure yourself and see that you do not measure up, remember the divine assurance, Therefore consider not the former things. Seek to develop these traits as they don't come overnight in a package, some are acquired in the process of your day-to-day running of your business.