What makes an entrepreneur an entrepreneur?
Let’s start by understanding the term entrepreneur. By definition, an entrepreneur is “a person who starts, organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” Entrepreneurs not only run a business, but assume all risk and reward associated with the business.
Entrepreneurs are problem solvers. They are responsible for identifying and solving the problems of customers, partners, employees, and the company as a whole.
Am I an entrepreneur?
Many entrepreneurs tend to have these eight qualities:
1. Initiative and Self Reliance
Are you a self-starter who can push yourself to get things done?
2. Flexible and Adaptation
Are you able and willing to keep an open mind about the future of your business, changing the course when necessary?
3. Communication and Collaboration
Can you deliver your ideas or pitches clearly and concisely to your target audience, investors, etc. and persuade them to work with you or support your product or service?
4. Creativity and Innovation
Can you use your creativity to develop a creative business idea, and use that creativity to solve problems without a clear structure?
5. Critical Thinking and Problem Solving
Can you examine a problem from multiple perspectives and develop a new solution, providing the best outcome?
6. Looking to the Future
Are you able to look at the future of your business with optimism and willingness to learn new things along the way?
7. Recognizing Opportunity
Are you able to identify new opportunities to move your business forward?
8. Comfortable with Risk
Are you comfortable with making tough choices, even if there’s a risk involved?
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Guide: Start a Business