Characteristics of successful entrepreneurs All successful entrepreneurs in the world share common traits. So in order to find out your own inner entrepreneurs you can tick the below mentioned characteristics. The characters described below are must for any entrepreneur in order to be successful. 1) Enjoy what you’re doing: one of the basic characteristics is to love what you’re doing. An individual must be passionate about his business. 2) Take your work seriously: understand that you’re not here to play around. If you’re planning to take your work easy, your competitors are working really hard to cut down your share. 3) Effective Planning: you need to plan each and everything. Perfect planning is the key to errorless execution. Make sure that you have taken care of each and every minor little thing also while planning. 4) Manage your capital: even the biggest company on earth does not have money to lose. Manage your money wisely. 5) Customer focus: customers are your gods. You need to look after them well and take care so that they keep coming to you. 6) Promote yourself: don’t be shy by promoting your own brand in the public. Go wild and tell everybody about your business and great product. Word of mouth is a great source of driving traffic to your organization. 7) Position a positive image: make sure you are promoting your company well. Positive positioning of product as well as organization is very important to sustain in the long run. 8) Latest technology: companies those who keep themselves updated with the technology are doing wonders. Make sure you are regularly updating your I.T infrastructure as well as efficiently bringing it in use. 9) Get the best team: excellent strategy and planning without great team is of no use. Get equipped with the loyal and excellent team that is well aware and updated with latest business norms. 10) Sustainable Competitive advantage: develop a clear and sustainable competitive advantage for your organization. Come up with the quality which is not easy to copy so that it can develop you separate brand identity. Different industry people have different skills set but these characteristics are must. It’s the entrepreneurs who take the society forward. In the economy which is troubled, it is entrepreneurs and not the big firms that ensure half the labor force gets foods on their tables. Entrepreneur, a French word flows off the lips beautifully however the name belies the underlying risks and high stakes involved.
REFERENCE: http://www.researchomatic.com/successful-entrepreneur-85172.html