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Act.

When you’re 60 or 70% confident on doing something, JUST DO IT. Don’t wait until you’re 100% confident. You will never get there, not until you actually started

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Leverage: The defining trait of entrepreneurs

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People often wonder exactly what makes an entrepreneur tick. Are we born with some sort of toolkit for triumph, or are we just hard-wired for hard work? Contrary to popular belief, most don't come pre-equipped for success. Instead, they'd learned how to use one simple tool to unlock prosperity.

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1. Strong leadership qualities

2. highly self-motivation

3. strong sense of basic ethics

and integrity

4. willingness to fail

5. serial innovators

6. know what you don't know

7. competitive spirit

8. understand the value of a

strong peer network

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According FORBES, April 14, 2014 :

5 Personality traits of an entrepreneur which is :-

1) Passion

2) Resilience

3) Strong sense of self

4) Flexibility

5) Vision

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What does it take to be a successful entrepreneur? Is it being born a prodigy? Is it having a Type-A personality? Is it being an extrovert who spends all their time tinkering around on projects?

While some entrepreneurs have those traits, they rarely define the characteristics that make a majority of entrepreneurs. Not everyone is born with an intellect that will change the world. That student who couldn't make it through college, like Bill Gates, is more likely to succeed than the lifelong overachiever.

So, if you're not a born genius or overachiever, what personalities actually make-up entrepreneurs? Here are our five common personality traits that entrepreneurs possess.
1. Passion
For those uninitiated, entrepreneurs are not in it for the money. While there have been some icons who have made more cash than most of us we'll dream of, think Bill Gates or Steve Jobs, the reality is that most entrepreneurs work an insane amount of hours for little or nothing. Why would they put themselves through this? Because they are driven to either solve a problem or make easier.

How passionate are entrepreneurs? According to research conducted by Tony Tjan and co-authors Richard Harrington and Tsun-Yan Hsieh, 65% of founders have been identified as driven by "heart." Tjan also added that most entrepreneurs are fueled "by an unshakable sense of purpose."

Throughout all the trials and tribulations, entrepreneurs reward themselves internally by realizing that they're on a mission for the greater good. No matter how bad it gets, it's their passion that motivates them between paydays and during all the times when everyone else tells them to quit.
2. Resilience
Sir Winston Churchill once said, "Success is the ability to go from one failure to another with no loss of enthusiasm." As an entrepreneur, you're going to fail. That's just an unfortunate fact. While something that drastic would be too much for most people to handle, an entrepreneur has the uncanny ability to get up and dust themselves off. Instead of giving up, an entrepreneur will learn from their failures. What went wrong? How can I long from my mistakes? How can I succeed next time? These are the type of questions an entrepreneur will ask themselves. An entrepreneur doesn't stay down when times get rough. They're resilient and thrive off of the negativity.

If you need proof on the resilience of entrepreneurs, just look into the stories of successful entrepreneurs like Walt Disney, Donald Trump, Steve Jobs, Bill Gates, Henry Food or Thomas Edison. They all experienced setbacks during at some point to only become some of the most well-known and successful entrepreneurs in history.
3. Strong Sense of Self
Any entrepreneur will tell that there are numerous problems to overcome. Whether it be not securing enough funding, proving the naysayers wrong or facing the competition head on, it's not easy being an entrepreneur. And, being passionate and resilient can only go so far. Which is why entrepreneurs also have an extremely strong sense of self.

For example, being self-confident and self-motivated are also key traits for most entrepreneurs. Entrepreneurs don't think that their idea could be good. They know it's good. And, they're going to be motivated enough to illustrate to others that it's worth the time and money to go forward. While they also understand that they can't do everything on their own, they realize that they are the only ones to make their idea a reality.

And, just how confident are entrepreneurs? According to a study by the Ewing Marion Kauffman Foundation on behalf of LegalZoom, "91% of entrepreneurs are confident that their businesses will be more profitable in the next 12 months."
4. Flexibility
Being able to adapt to changes and challenges is crucial for any business. In fact, most entrepreneurs will inform you that their idea or business plan is drastically different than when it began. An idea may be brilliant, but in reality it isn't effective. Entrepreneurs are flexible enough to make the adjustments to make that idea feasible. Furthermore, entrepreneurs are prepared and willing to modify their plan when new information arrives and when there are changes in circumstances.

A great example of being flexible would be the recent story behind Hyungsoo Kim and his company Eone, which is short for Everyone. Kim initially develop a wristwatch that featured braille. He quickly discovered that people want to be included and not have attention brought to their disability. So, he trashed the original plan and came up with a watch that would not only be worn by the blind, but even people with sight.
5. Vision
Entrepreneurs see opportunity everywhere. They're innovators who are always on the lookout to either develop a new idea or improve an existing product or service. And, chances are that's the main reason why they became an entrepreneur in the first place. At some point in their lives they noticed something that could be better. But, instead of just saying that something could be better wasn't enough. They actually put a plan in motion. In other words, entrepreneurs have the ability to see the future before it happens.

I always say Entrepreneurs are inspired by things that have never been seen before, things yet to be discovered. You must have the vision that nobody else does. Then the vision to see it through.

Jeff Bezos had a vision to tap into the new-world of electronic retelling in 1994 and become "the world's most consumer-centric company." His little virtual bookstore was Amazon, which today is the model for all e-commerce businesses.

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What does it take to be a successful entrepreneur? Is it being born a prodigy? Is it having a Type-A personality? Is it being an extrovert who spends all their time tinkering around on projects? While some entrepreneurs have those traits, they rarely define the characteristics that make a majority of [...]

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What comprises an entrepreneurial leader: - by Ernst & Young

Ernst & Young(EY) is a multinational services firm and known as one of the biggest international audit firms (known as Big 4). They audited most of the big names all over the world. They come up with a model of what comprises an entrepreneurial leader. Worked along these big corporations, I believe the model is comprehensive, realistic and also updated and I basically agree with all those traits and have few traits to comment on.

Basically the chart shows 3 components:

1.Core + Locus of control – about a way of viewing the world and the ability to act on those views

2.Behaviours – list out six behaviors that characterize entrepreneurs

3.  Attributes - characteristics that specifically help an entrepreneurial leader take control of their direction and leave nothing to chance

I agree that entrepreneurs should believe that the results depend on their actions. They have to believe that they have control over things. When they believe so, then only they can create/exploit opportunities despite the risks or even in a risky environment. These 3 elements alone will not make great entrepreneurs, but the behaviours and characteristics surrounding the core filled in the empty space.

I am attracted to the “customer focus” attribute as it is not a common trait found in other models, I believe. To succeed and gain profit, it is crucial to attract customers and this cannot be done if they do not have this attribute. This attribute is especially important in today’s environment where demands and trends change quickly. If they are not sensitive towards customers’ needs and demands, the entrepreneurs may lose out and eliminated from the stiff competition.

Another attractive attribute is integrity. This attribute may not be so popular but it does not mean that it is less important. I believe that to be successful entrepreneurs in a long run, integrity is needed as it is a value that everyone is looking for. Entrepreneurs should be trustworthy, honest and ethical to avoid any bad things from happenings in the future and eventually secure their career/business for a long run.

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Totally agree for being creative, motivated, hard-working......most important is having the passion for being an entrepreneur...but some how, that is not here

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8 Traits of Successful Entr

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Image credit: Camdiluv | Flickr

Opinions expressed by Entrepreneur contributors are their own.

What separates the successful entrepreneur from the one who fails?

There may not be just one answer. However, the common theme among successful entrepreneurs is they have the right mentality to embark on the entrepreneurial journey.

What specific mentalities do successful entrepreneurs possess? Here are eight of them.

1. No respect for the status quo.

When Steve Jobs returned to Apple in 1997 the famous, 'Think Different,' campaign was launched. This was no coincidence. Jobs was known for not following the status quo, which is why most entrepreneurs turn to his career for inspiration. Most successful entrepreneurs strive for the freedom to do what they want and not be told that, "this is how things are done."
Related: Seth Godin on Conquering Fear to Start Your Own Business
2. Abundant thinker.

Best-selling author Michael Hyatt believes that for people to be successful they need to be abundant thinkers. Characteristics of abundant thinkers include:

There is more where that came from.

Want to share ideas, knowledge, contacts, etc.

Can easily build relationships through trust.

Embrace competition.

Deliver more than expected.

Are optimistic.

Think big and take risks.

Are confident and appreciative.

So, would you rather be generous, confident and able to make meaningful connections or stingy, pessimistic and fearful?

3. Learn as you go.

As any entrepreneur will inform you, there's a lot of trial and error involved with starting and maintaining your own business. No matter how knowledgeable you are regarding your industry, how many college degrees you have, or how much money you've made or lost along the way, entrepreneurs face their fair share of success and failures. That's a part of the journey. Being able to learn, however, increases your chances of success since it will help you adapt to changes, as well as discovering what works for you and your business.
Related: How Learning-as-You-Go Is Part of the Entrepreneur's Journey
4. Live a frugal life.

Amazon founder Jeff Bezos may believe that being frugal can help with innovation, but living a frugal life is championed by many other entrepreneurs and business leaders. For example, Warren Buffett, despite having the money to purchase anything he wants, lives a modest lifestyle. Instead of toys and mansions, Buffett's riches come from loving what he does and doing it well. Facebook founder Mark Zuckerberg famously drove an entry-level Acura even though he was worth more than $7 billion.

Being frugal doesn't mean that you have to be cheap. It means not being careless with your money. Instead of taking loans out to purchase a luxury vehicle, save that money so that you can expand your business.
Related: How Entrepreneurs Can Benefit From Frugal Experiments
5. Problem solver.

Don't just start a business for the sake of starting a business. Successful entrepreneurs start a business because they see a real-world problem and have the drive and desire to solve that problem. Remember, as Martin Zwilling puts it perfectly in Entrepreneur, "Entrepreneurs see problems as milestones to success, not barriers."

6. Hustler.

Entrepreneurs are go-getters. They never stop. In fact, that's how Gary Vaynerchuk launched Wine Library. According to Gary, "I was walking into any business that might be relevant to my community and passing out flyers and coupons one-by-one to gain more exposure. Nobody gave a crap or knew who we were, but I knocked on doors and made sure we got the exposure we needed."

If you want to succeed, you have to hustle. You have to put in long hours, build a quality product, and do whatever it takes to get your name out there.

7. Listen to others but decide for yourself.

While entrepreneurs are free-spirits and make their own decisions, it's also important that you listen to what others have to say. If you aren't listening to your customers, how do you know if they're satisfied with you products or services? Maybe this entire time they haven't enjoyed what you're providing, which is why sales have been sluggish.

Whether it's from customers, team members, colleagues or mentors, always take the time to listen to advice. However, it's you who ultimately has to make the final decision.

8. Think like an athlete.

Athletes are some of the most passionate and driven individuals on the planet. How often do you hear about the insane training regiments that athletes subject themselves to in order to play the game? How about the Olympic star who was told that they'll never compete again, only to win a medal the next time around?

Athletes regularly defy the impossible. And so do entrepreneurs. Evan Spiegel, for example, was told that Snapchat was a "terrible idea" by a venture capitalist. Did Spiegel listen? Of course not. He marched forward and made Snapchat a hit.

As an entrepreneur, you're going to face failure and opposition, but you're passion and obsession with your idea will be the drive you need to find success.
Related: Failure Is the Seed of Growth and Success

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The 8 Traits Shared by the Most Successful Entrepreneurs

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Opinions expressed by Entrepreneur contributors are their own. What separates the successful entrepreneur from the one who fails? There may not be just one answer. However, the common theme among successful entrepreneurs is they have the right mentality to embark on the entrepreneurial journey. What specific mentalities do successful entrepreneurs possess?

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10 Traits shared by Successful En

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6 min read

Do you have what it takes to be a successful entrepreneur?

Not all entrepreneurs are created from the same blueprint. They come from different geographic locations, upbringings, income brackets and social classes, as well as education levels. While there isn't a foolproof map to entrepreneurial greatness, one thing is consistent -- successful entrepreneurs all possess the following 10 traits.

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10 Traits All Successful Entrepreneurs Share

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6 min read Do you have what it takes to be a successful entrepreneur? Not all entrepreneurs are created from the same blueprint. They come from different geographic locations, upbringings, income brackets and social classes, as well as education levels.

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Need to be SUCCESSFUL, which cannot miss..

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The No. 1 Trait of Successful Women Entrepreneurs Around the World.

"Determination, Resilience & Tenacity"

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In celebration of International Women's Day this Sunday, I had a chance to interview Rania Habiby Anderson, author of a fascinating book, Undeterred: The Six Success Habits of Women in Emerging Economies. Anderson spent over four years researching and interviewing more than 250 successful female career women and entrepreneurs in developing countries in Africa, Asia, Latin America, Eastern Europe, and the Middle East. Her objective? To understand the key traits that caused these women to be successful while so many of their peers failed to meet their dreams. I asked Anderson what U.S.-based entrepreneurs can learn from these remarkable women.
What was the most surprising finding of the book?
Four years ago when I started my research, I had no idea whether I would find commonality among women in growth economies. Each country, each region, each continent, each culture is unique. I did not know if there would be similarities. But I found that the challenges women face around the world are very similar--it's the degree and severity of the challenge that varies. The obstacles these women face are seemingly insurmountable, yet what is commonplace among all of them is this: They are undeterred, they persevere.

Not a surprising finding for me, but I think readers of your article would find surprising: many women in growth economies face less intense pressure in juggling their home life because of extended family support, living close to family members, and the prevalence of domestic help.
What can Western entrepreneurs learn from the experience of these women?
Two factors, resilience and tenacity, can help overcome seemingly intractable obstacles. Regardless of where someone lives, their gender, or how difficult the environment may be, an entrepreneur with the right mindset, skills, and network can overcome (or work around) almost any obstacle in their way. Any aspiring entrepreneur can look to these founders in the developing world and be inspired.
What are three specific takeaways U.S.-based entrepreneurs can learn from these women?
Even the most difficult of environments and obstacles can be overcome if you don't give up. Entrepreneurial success is possible in any environment. In fact, after surveying hundreds of women, that is the most prevalent characteristic. Despite insurmountable odds, these women were undeterred.

There's no quick fix or silver bullet; success doesn't come from one thing. It takes a whole set of consistent behaviors to achieve one's goals. Small changes lead to big results.

Women entrepreneurs are succeeding around the world and there are new and expanding opportunities to do business with them.
Sunday is International Women's Day. What are your thoughts of this important day for women?
This is an opportunity to celebrate achievements of women while calling for greater equality. There are millions of educated women entrepreneurs and corporate women working at every level in growth economies. These women, and the millions more like them, are graduating from universities around the world and are the future workforce of the global economy. If we guide them and develop these women, we can close the global talent shortage.

Companies that fail to effectively recruit, develop and retain educated women in growth economies will be severely hampered and challenged to meet their growth objectives. Women in growth economies face the same types of challenges as their Western counterparts--it's the severity of the challenge that's different. I wrote this book to help offer tools and encourage action to help advance and recognize women across the globe.
What is your goal for publishing this book? Who is this book written for?
Women from growth economies regularly tell me that they want career guidance that applies specifically to them. I wrote Undeterred to meet their needs and to address a huge market need that has been underserved and not addressed. To provide women in developing and emerging economies (I combine both and call them growth economies) with their very own culturally relevant career advice resource so they can accelerate their professional success. While some women have access to training or mentoring programs (and many don't), these cost money and take time, something many women don't have.

Today, there's a significant gap between what women in growth economies (and truthfully, also in the West) learn at school and the skills they need to succeed at work. Undeterred is the bridge between womens' educations and their workplace success. In addition to the examples and stories of 86 women from 29 countries, the book--and the companion workbook, I Am Undeterred-- contain, there are very specific actions that women can immediately apply so they can be more successful at work.

To my knowledge, there is no other book like this. Career advice books in the marketplace are primarily written by Westerners, based on a Western model of success, and feature the examples of women succeeding in the West. There are a few books that contain a story or two about women in growth economies but they are a very small part of these books. There are also books written for women in a specific country, like India.

My ultimate goal is to get this book in the hands of over 10,000 women. Undeterred is fulfillment of a lifelong goal to do something significant to help women in the developing world who don't have access to the same types of opportunities I did.

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The No. 1 Trait of Successful Women Entrepreneurs Around the World

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In celebration of International Women's Day this Sunday, I had a chance to interview Rania Habiby Anderson, author of a fascinating book, Undeterred: The Six Success Habits of Women in Emerging Economies . Anderson spent over four years researching and interviewing more than 250 successful female career women and entrepreneurs in developing countries in Africa, Asia, Latin America, Eastern Europe, and the Middle East.

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Author and Franchise Coach

3 min read

As a franchise coach, I speak with people on a daily basis who are interested in becoming entrepreneurs. What surprises many people is that I never start by discussing available franchise opportunities.

Instead of leading with "Which franchise are you interested in exploring," I ask questions like "Why do you want to become a business owner?" and "Why do you think business ownership is the best path for you at this time in your life?"

This is important for any franchise consultant, franchise-development executive or prospective franchisee because a lot of valuable time and money can be wasted if a prospect does not consider his or her personal needs, wants and motivations. Just because a prospective franchisee has the finances and experiences necessary to buy into a franchise doesn't necessarily mean he or she should.

So before exploring specific franchise opportunities, aspiring entrepreneurs should be sure they possess the following six essential traits:
Related: There's Lots of Free Help for Choosing and Funding the Right Franchise Opportunity

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6 Essential Traits of Successful Entrepreneurs

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Author and Franchise Coach 3 min read As a franchise coach, I speak with people on a daily basis who are interested in becoming entrepreneurs. What surprises many people is that I never start by discussing available franchise opportunities.

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Key Traits of A Successful Entrepreneur

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25 Common Characteristics of Successful Entrepreneurs

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5 Surprising Traits of Successful Entrepreneurs

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5 keys to successful entreprenuers

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~DARE TO DREAM BIG~

I do believe, Every successful entrepreneur can succeed in what they did is mainly because of DREAM!!!

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View full post: http://www.onlinemba.com/blog/how-to-tell-if-youre-an-entrepreneur/ The rise of the entrepreneurial class is an observable economic phenomenon. Whether because of a lingering recession, the explosion of technological innovation, or the hacking philosophy gone mainstream, many of you may find yourselves at a financial crossroads: to startup or not to startup.

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5 Supprising traits of successful entrepreneur

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5 Surprising Traits of Successful Entrepreneurs

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View full post: http://www.onlinemba.com/blog/5-surprising-traits-of-successful-entrepreneurs/ Did you know that people with ADHD are 300% more likely to start their own business? Check it out and see if you share some of the traits!

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The 'One' who stands out.

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Refer to Jennings & Duane (2010) stated that there are having 4 primary entrepreneurial traits:

1. Passion for business

- This passion typically stems from the entrepreneurs belief that the business will positively influence people lives.

2. Product/Customer focus

- Focus on products and customers typically stems from the fact that most entrepreneurs are at heart of people.

3. Tenacity despite failure

- The ability to persevere through setbacks and failures.

4. Execution intelligence

- The ability to fashion a solid business idea into a viable business.

From that, I believe that all traits must have in mind because that all type of traits is close related each other and will mix up to be in one entity in order to be great entrepreneur. This strengthened by looking some great entrepreneurs like Tata group Chairman, Ratan Tata stated that one of important traits a persistence moving closer to goal , courage, competence and commitment. That all traits parallel to the traits stated by Jennings and Duane. (The qualities that make Ratan Tata a born leader, 2011).

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5 KEY TRAITS of mostly successful Entrepreneurs must have.

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it is about the basic needs for success of entrepreneurship

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Entrepreneurial traits

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23 personality traits of successful Entreprenuers

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Based on Jason Bowses there are 8 traits of an entrepreneur. They are :

1.Strong leadership qualities

2.Highly self-motivated

3.Strong sense of basic ethics and integrity

4.Willingness to fail

5.Serial innovators

6.Know what you don't know

7.Competitive spirit

8.Understand the value of a strong peer network

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The most inspiring entrepreneurial trait from my point of view is great passion. This is due to the fact that a burning passion motivates a person to become a successful entrepreneur. I do believe that inflamed passion will aid in the creation of dream that one is eager to achieve. The first trait stated in the article mentioned (www.forbes.com/sites/johnrampton) is passion. Never

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10 traits of entrepreneurs

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Passion !!!!

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There are various types of entrepreneurial traits, but the most common traits that the entrepreneurs must possess is passion, resilience, strong sense of self, flexibility, and vision for the future.

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According to Craig, there are 7 traits as an Entrepreneur.

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Innovation