What qualities does an entrepreneur need?

by Ramya Srinivasan 78 replies
Please dive deep and give me at least 2 qualities.
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  • Profile picture of the author Frank Donovan
    Entrepreneurs are defined by their actions rather than their qualities, but being comfortable with risk and having the ability to evaluate a business opportunity would be a couple of essential attributes.

    What's the purpose of your question?
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    I've just put Richard Branson's number on speed-dial. I call it my "Get-Rich-Quick" scheme.

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    • Profile picture of the author gianbizz
      1. Focus on your passion
      2. Willing to act
      3. Never give up even when you fail
      4. Learn from your failure
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      Visit BuycomDomain.com Over 700K Aged Domains with Good SEO Metrics for Your Money Site or PBN. Backlink, Traffics, DA, PA, TF, CF, Semrush, Ale... read more
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      • Profile picture of the author Eunice21
        Yes, agree all that 4 qualities are one of the key on your success
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  • Profile picture of the author whateverpedia
    1 Be alive.
    2 Not be dead.

    If you don't have both of these, you will never be an entrepreneur.
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    Australia is an island surrounded by water. Big water. Ocean water.
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  • Profile picture of the author Jonathan 2.0
    1. Vision
    2. Persistence

    (HTH)
    Signature
    "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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  • Profile picture of the author OptedIn
    The ability to totally disregard trite clichés.
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    • Profile picture of the author Jonathan 2.0
      Originally Posted by OptedIn View Post

      The ability to totally disregard trite clichés.
      (Lol.) That's absolutely nowhere near any of the important qualities.
      Signature
      "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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      • Profile picture of the author OptedIn
        Originally Posted by Jonathan 2.0 View Post

        (Lol.) That's absolutely nowhere near any of the important qualities.
        It's at the top of my list because it's a total waste of time. Time is precious and can be much better spent. You're young. Someday you'll get it.

        Speaking of wasting time, don't you have a website to build???
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  • Profile picture of the author Jonathan 2.0
    Originally Posted by Ramya Srinivasan View Post

    Please dive deep and give me at least 2 qualities.
    I'll add another one:

    Don't care too much about what other People think of you. There will often be "Haters" (etc.) ... Just ignore them and go about your business.
    Signature
    "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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    • Profile picture of the author OptedIn
      Originally Posted by Jonathan 2.0 View Post

      I'll add another one:
      Lucky us. lol

      Don't care too much about what other People think of you.
      Trust me - I've got that down to a science. I think you know that.

      There will often be "Haters" (etc.) ... Just ignore them and go about your business.
      Only people that are capable of hate would refer to others as, "haters." Think about it. :-)

      I can do this all day. I'm retired. Is this really how you want to spend your day, or might starting work on that figment of your imagination website "to help others," be a much more productive use of your time? I am simply trying to prod you into taking action. Isn't "Taking action" one of your mantras??? Practice what you preach. Now, go about your business.

      You are most welcome.
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      • Profile picture of the author Jonathan 2.0
        Lol. You're like a tiny annoying pebble in my shoe, Frank. (Sometimes amusing though.)

        Jonathan
        Signature
        "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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        • Profile picture of the author OptedIn
          Originally Posted by Jonathan 2.0 View Post

          Lol. You're like a tiny annoying pebble in my shoe, Frank. (Sometimes amusing though.)

          Jonathan
          Not, really. You can always remove a pebble from your shoe. :-)

          And who is this "Frank" you speak of???
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          • Profile picture of the author Jonathan 2.0
            Originally Posted by OptedIn View Post

            Not, really. You can always remove a pebble from your shoe. :-)

            And who is this "Frank" you speak of???
            Lol. Is that it?
            Signature
            "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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          • Profile picture of the author Jonathan 2.0
            [DELETED]
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            • Profile picture of the author OptedIn
              Originally Posted by Jonathan 2.0 View Post

              P.S. Jonathan
              Your phony spirituality is on full display.

              BUSTED!!! lol
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              • Profile picture of the author Jonathan 2.0
                Originally Posted by OptedIn View Post

                Your phony spirituality is on full display.

                BUSTED!!! lol
                Tsk. That wasn't very nice.
                Signature
                "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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                • Profile picture of the author OptedIn
                  Originally Posted by Jonathan 2.0 View Post

                  Tsk. That wasn't very nice.
                  It's OK. I make no false claims of being spiritually superior to others. :-)
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                  • Profile picture of the author Jonathan 2.0
                    Originally Posted by OptedIn View Post

                    It's OK. I make no false claims of being spiritually superior to others. :-)
                    Thank God. (Hehe)
                    Signature
                    "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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  • Profile picture of the author tryinhere
    Originally Posted by Ramya Srinivasan View Post

    Please dive deep and give me at least 2 qualities.
    as a start, try using the google search bar, after a while it gets easier.
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  • Profile picture of the author cearion
    Banned
    it has always been two things, you need to have a Will greater than anything else and Persistence that never ends.
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    Phlanx Marketing Specialist - www.phlanx.com

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  • Profile picture of the author Jonathan 2.0
    Originally Posted by Ramya Srinivasan View Post

    Please dive deep and give me at least 2 qualities.
    That no matter what .. You're going to be "Successful."

    There may be certain "challenges" (etc.) however if you're determined enough you will just see them as something to learn from that will make you more successful. The more you learn/progress the closer to "Success" you will be.

    All that said, if you ever want to Chat/have Guidance feel free to PM me.

    : )
    Jonathan
    Signature
    "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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  • Profile picture of the author Eunice21
    I think you should be an open minded person, strong and your determination to succeed and giving up is not/never your choice.
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  • Profile picture of the author Greg Schlies
    I am a forex trader and I am working in the forex market since 2015. As an entrepreneur I believe hard work, perseverance and a proper strategy are always required. Apart from these, in order to be a good entrepreneur one should have a pure vision of his work. From my experience I have seen that there were certain moments, when I faced losses due to lack of proper education about forex market and due to lack of proper analytical ability.
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  • Profile picture of the author tagiscom
    Originally Posted by OptedIn View Post

    It's OK. I make no false claims of being spiritually superior to others. :-)
    Originally Posted by Jonathan 2.0 View Post

    Thank God. (Hehe)
    C,mon guys life is too short, you might get hit with an autonomous, electric truck tomorrow, for all we know?

    Or go an see the latest sick joke Star Wars, with Darth jr, and his Terminator hand, (and Micheal Jackson silver glove, probably).

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  • Profile picture of the author pauloadaoag
    Administrator
    Grit and Grind
    Signature
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  • Profile picture of the author codefully
    Self-Motivated/Initiative - Nothing will work unless you do.

    Optimism & Positivity - Positivity is contagious, so be sure to focus on your attitude and understand you set the tone for your business and the people around you.
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    • Profile picture of the author Eunice21
      Positivity is a strength indeed.
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  • Profile picture of the author Digitalage04
    Knowledge and Attitude..
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  • Profile picture of the author Ekramul Hossain
    That's a good question. The following qualities are needed:
    • Highly skilled
    • Be active
    • Having latest knowledge
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  • Profile picture of the author KinneyJ2014
    5 things entrepreneurs should never sacrifice while building a business


    Sacrifices are important to success. In order to doggedly pursue a goal, some things have to be given up.

    But figuring out what to sacrifice and when is not a simple equation.


    1. Your health

    2. Your family

    3. Your vision

    4. Your curiosity

    5. Your team

    With resources and publications dedicated to assisting you in your ventures, but you have to be able to track down the good stuff.

    10-great-websites-for-entrepreneurs
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    • Profile picture of the author Eunice21
      That's a big risk,., but from what i just read.. If you want to succeed you should take a big risk.
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  • Profile picture of the author tagiscom
    • Work your guts out.

    • Buy my S**t.



    But l have to admit that there might be another....

    Buy more of my S**t!

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  • Profile picture of the author virginialyons
    Completely agree with the stated points.
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  • Profile picture of the author Lassechris22
    Really interesting question actually! This is a great read!
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  • Profile picture of the author Ekramul Hossain
    Highly skilled about entrepreneur
    Active and patience always
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  • Profile picture of the author Maxxx333
    Hi dude, you want to be a good entrepreneur? Then you should learn how to take risks, but not stupid ones, but calculated ones, also, you should try to make your relations with people better, cause you need to get use on working with people, cause you can't be a good entrepreneur if you don't know how to deal with humankind.
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  • Profile picture of the author Alangile
    will power, patience, hardness
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    • Profile picture of the author OptedIn
      Originally Posted by Alangile View Post

      hardness
      I believe you can take a pill for that.
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    • Profile picture of the author Eunice21
      You should know first what you're selling
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  • Profile picture of the author tagiscom
    Never give up
    Never surrender.

    Or....

    The needs of the many,....hmmm, forget it!

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  • Profile picture of the author whateverpedia
    Why is everyone still responding? The thread starter has been banned.
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    Australia is an island surrounded by water. Big water. Ocean water.
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    • Profile picture of the author OptedIn
      Originally Posted by whateverpedia View Post

      Why is everyone still responding? The thread starter has been banned.
      Because people love to hear themselves talk, being totally enamored with their own thoughts on subjects. Thoughts that they regard as brilliant regardless of how trite, meaningless and repetitive.

      Just like me. :-)

      Thank you!
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  • Profile picture of the author Claude Whitacre
    Originally Posted by Ramya Srinivasan View Post

    Please dive deep and give me at least 2 qualities.

    I'm going to give a serious answer.

    The vast majority of us prefer the comfort and dependability of a steady paycheck, and someone telling us what to do. Not that we are subservient, but being an employee is more consistent with our self image.

    A few of us don't mind the risk. And it's a big risk. A favorite quote of mine is "When you are self employed, there is no income ceiling. But there is no floor either".

    Some of us are self employed because we just aren't smart enough, or social enough to be employed. But a very few are simply not afraid of the.... uncertainty....of entrepreneurship.

    A good question might be Who do you identify with? The employees or the business owner?

    For example, I'm seeing every company I go into (even as a customer) as a business owner. It isn't good or bad, it's just the point of view I have.

    Would you feel completely comfortable making a profit instead of a steady paycheck?

    Most people wouldn't. If you have never owned your own business and are excited about the possibility of setting your own hours, and not having to take orders from a boss...you are not going to be very happy owning your own business....because the wrong things appeal to you.

    But if working 14 hours a day, with little compensation for the first several months...with the expectation that yo'll figure it out and eventually build a profitable business...you may have what it takes.

    Over the years, I've had employees tell me that they would like my job. I tell them "You can have it right now. You just need to do what I did, invest every dollar you had, run up your credit cards to the limit, make no money for the first six months, and deal with suppliers, overhead of $10,000 month, and babysit employees. Have at it".

    I was at a trade show once setting up my display. The guy that worked for the company setting up across the isle from us said "You own the company right? That's what I want to do"

    And I said "Really? You're being paid to be here. I'm paying $5,000 to be here. I had to pay for everything you see here (in my booth). And I'm not guaranteed any sales."

    If you would rather be the person paying to be at the trade show, you may have what it takes.

    But even the people that start their own business, maybe 80% of them, after a year, would rather just not deal with it all and go back to a regular job.

    just a few thoughts.


    I know the OP has been banned, but I thought my opinion was so important...so much in demand...that it needed to be posted.

    Imperious Rex.
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    • Profile picture of the author OptedIn
      Originally Posted by Claude Whitacre View Post

      just a few thoughts..
      You have entirely way too much time on your hands. You can't find a better way to use it?

      You're welcome.
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    • Profile picture of the author Jonathan 2.0
      Originally Posted by Claude Whitacre View Post

      I'm going to give a serious answer.

      The vast majority of us prefer the comfort and dependability of a steady paycheck, and someone telling us what to do.
      Interesting post: Thanks Claude.

      Personally I would rather live the uncertainty/thrill of being an Entrepreneur than a "steady job." (Which is just an illusion anyway.)
      Signature
      "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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      • Profile picture of the author tagiscom
        Originally Posted by Jonathan 2.0 View Post

        Interesting post: Thanks Claude.

        Personally I would rather live the uncertainty/thrill of being an Entrepreneur than a "steady job." (Which is just an illusion anyway.)
        Or end up in my 80's, too broke to afford air con, or heating and have to go to the nearest shopping ctr and stare at a wall all day.

        That or convince myself apart from p***it all away on a duplex, that there is no other way to create wealth other than work hard for someone else.

        I really feel for people that have limited opportunities, later on in life, because they didn't go for it when they could have.

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        • Profile picture of the author Jonathan 2.0
          Originally Posted by tagiscom View Post

          Or end up in my 80's, too broke to afford air con, or heating and have to go to the nearest shopping ctr and stare at a wall all day.
          (Lol) Yes.


          Red, gold, and green ...
          (Hehe)
          Signature
          "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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          • Profile picture of the author tagiscom
            Originally Posted by Jonathan 2.0 View Post

            (Lol) Yes.

            Culture Club - Karma Chameleon - YouTube

            Red, gold, and green ...
            (Hehe)
            Yes, he, (for want of a better word) should have retired in obscurity like other has been,s have done, but no, he came out of obscurity and ended up on the X Factor, and went on to do rehash concerts of his prior hits.

            Personally l think that a man trying to look like a woman with a beard is a big mistake.

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            • Profile picture of the author Jonathan 2.0
              Originally Posted by tagiscom View Post

              Personally l think that a man trying to look like a woman with a beard is a big mistake.
              (Lol) Well there's a "Drag Queen" in one of my favourite Bars ... She's "gorgeous" and really entertaining.
              : )
              Signature
              "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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      • Profile picture of the author Eunice21
        if you want to succeed as an entrepreneur i think you should be ready to overcome all hindrances that will block your way.
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  • Profile picture of the author lanfear63
    "I know the OP has been banned, but I thought my opinion was so important...so much in demand...that it needed to be posted. "

    Claude does not have to be on Mars to talk to thin air.
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    Where ever you go, there you are.

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  • Profile picture of the author Aaron Aguilar
    Hmmm

    1.Patience
    2.Fearlessness
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  • Profile picture of the author jamesoke
    Resilience
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  • Profile picture of the author ryanbiddulph
    2 qualities:

    - Passionate
    - Persistence

    Get these down, and you will have the unlimited energy that the titans seem to exude. I make my day about energy management before I hop online, and have been kinda prolific since I made this blanket decision.

    In truth, when you are passionate, you naturally become persistent.
    Signature
    Ryan Biddulph, Blogger, Author, World Traveling Digital Nomad
    Retire to a Life of Island Hopping through Smart Blogging at Blogging From Paradise
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  • Profile picture of the author Jamel Hassell
    Leadership
    Skills
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  • Profile picture of the author Chris Brindamour
    Ramya,

    I think the two qualities an entrepreneur needs is:

    1. self driven
    2. unstoppable

    Chris
    Signature

    Subscribe to our Free Home Business Tips Newsletter and get insider tips on how to create wealth in an online business.

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  • Profile picture of the author Charle Cruz
    Banned
    In my opinion these are the qualities you need
    Risk Taker
    Knowledge in Market
    Negotiation Skills
    Responsible
    Open Mindedness
    Hard Worker
    Patience
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  • Profile picture of the author tagiscom
    Originally Posted by Claude Whitacre View Post

    I'm going to give a serious answer.

    The vast majority of us prefer the comfort and dependability of a steady paycheck, and someone telling us what to do. Not that we are subservient, but being an employee is more consistent with our self image.

    A few of us don't mind the risk. And it's a big risk. A favorite quote of mine is "When you are self employed, there is no income ceiling. But there is no floor either".

    Some of us are self employed because we just aren't smart enough, or social enough to be employed. But a very few are simply not afraid of the.... uncertainty....of entrepreneurship.

    A good question might be Who do you identify with? The employees or the business owner?

    For example, I'm seeing every company I go into (even as a customer) as a business owner. It isn't good or bad, it's just the point of view I have.

    Would you feel completely comfortable making a profit instead of a steady paycheck?

    Most people wouldn't. If you have never owned your own business and are excited about the possibility of setting your own hours, and not having to take orders from a boss...you are not going to be very happy owning your own business....because the wrong things appeal to you.

    But if working 14 hours a day, with little compensation for the first several months...with the expectation that yo'll figure it out and eventually build a profitable business...you may have what it takes.

    Over the years, I've had employees tell me that they would like my job. I tell them "You can have it right now. You just need to do what I did, invest every dollar you had, run up your credit cards to the limit, make no money for the first six months, and deal with suppliers, overhead of $10,000 month, and babysit employees. Have at it".

    I was at a trade show once setting up my display. The guy that worked for the company setting up across the isle from us said "You own the company right? That's what I want to do"

    And I said "Really? You're being paid to be here. I'm paying $5,000 to be here. I had to pay for everything you see here (in my booth). And I'm not guaranteed any sales."

    If you would rather be the person paying to be at the trade show, you may have what it takes.

    But even the people that start their own business, maybe 80% of them, after a year, would rather just not deal with it all and go back to a regular job.

    just a few thoughts.


    I know the OP has been banned, but I thought my opinion was so important...so much in demand...that it needed to be posted.

    Imperious Rex.
    Dammit, Claude, how dare you make a brilliant post like that. My soul is in torment!



    Originally Posted by lanfear63 View Post

    "I know the OP has been banned, but I thought my opinion was so important...so much in demand...that it needed to be posted. "

    Claude does not have to be on Mars to talk to thin air.
    True!

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    • Profile picture of the author tagiscom
      Originally Posted by Jonathan 2.0 View Post

      (Lol) Well there's a "Drag Queen" in one of my favourite Bars ... She's "gorgeous" and really entertaining.
      : )
      A man with a beard dressed as a women is gorgeous.

      Oooooooooooooookkkkkkkkkkkkkkk!

      Originally Posted by Kurt View Post

      Is her name "Claudia" by chance?
      There is a cream for that now!

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      • Profile picture of the author Jonathan 2.0
        Originally Posted by tagiscom View Post

        A man with a beard dressed as a women is gorgeous.

        Oooooooooooooookkkkkkkkkkkkkkk!
        (Haha) She's great fun. However not as "gorgeous" with the moustache to be fair.
        : )
        Signature
        "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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  • Profile picture of the author Anabel
    1.Be active
    2.Having latest knowledge
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  • Profile picture of the author Neal01
    You need a lot more than two

    Focus
    Dedication
    Passion
    Persistence
    a strong mindset
    a good work ethic
    Most importantly, never give up, no matter what

    You need a goal to aim for firstly, then you can set things in motion otherwise you will get distracted easily and won't see it through.
    Signature

    Copy My Exact DONE FOR YOU System That Makes Me $20,000 A Day On AUTOPILOT! Click Here to Get Started

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  • Profile picture of the author junaidgesawat
    Being well rounded.

    Heart - I don't like to word passion but is your heart in what you're doing. Do you feel like you're making an impact and you're being your best self in your business?
    Grit - Being an entrepreneur can be the hardest role in the world but also very rewarding. You'll have days where things are rolling and you closed a 100K client. The next hour the team and systems are falling apart and you ponder why you do what you do. Those who continue to plow through and not give up will eventually see the light at the end of the tunnel.
    Open Mind - Don't think you know everything and more than everyone. Listen to your team and customers on what is working and what isn't, not being afraid to pivot quickly if things aren't working.
    Sales - You're always selling. Even if it's not to clients or direct to consumers, you're selling your vision to your team, selling the plan to investors and banks, etc.

    All in all, just like a being the best at anything, give it 100% of your effort, not 95%, day in day out and you'll eventually see some traction to succeed.
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  • Profile picture of the author EdwardRohr
    Patience and Confidence.
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  • Telepathic kittens by the zillion.
    Signature

    Lightin' fuses is for blowin' stuff together.

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  • Profile picture of the author shakilhelen
    An entrepreneur need to predict the future and need a proper planning.
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  • Profile picture of the author Sparky Heretic
    A lot of people talk about passion, but it has never served me well. I find that the subjects I'm CURIOUS about tend to drive me better than passion.

    So I homeschool my son. He has a strong interest in entrepreneurship so I have been looking for ways to define exactly this so I can coach these qualities into him. I'll share what I've learned so far.

    Permission- My son often looks for someone to tell him that it's okay to do this or that and this is incredibly common with people. But there is no boss but you so you have to learn to give yourself permission to act. You have to be able to trust that you are making the best informed decision when getting things done and accept that you will sometimes be wrong. More than anything, this means you don't need anyone's approval other than your own.

    Problem solving- My son often starts sentences with, "I can't..." as if that is that. I have had to teach him to erase this concept and make him understand that what he has is a problem that needs a solution. Instead of "I can't..." we ask ourselves "How can I..." This becomes a process of research, decision, implementation, review and revision.

    Value- Everyone approaches business the same way- they make money by giving someone something, a service a product, etc. But the most successful business owners I have met approach it from another perspective- they seek to add value to the lives of others. Their focus is always on helping people, by adding something useful or valuable to the lives of the customers they serve.

    An argument against passion- everyone says follow your passion, but I don't think that's quite right. It's important to believe in what you do, but if you're passionate about helping others, this could literally be anything. I find curiosity to be a far more useful metric. If I'm curious about something, I will explore it instead of binge watching a TV show after the kids have gone to bed. I'll want to share what I've learned with others. In short, if I am curious about something, I will want to immerse myself in it. And that's how you master skills in short amounts of time.

    Anyhow, sorry for the rant, I just love business, I have come to love marketing and I am often just bursting at the seams to share what I pick up.
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  • Profile picture of the author ChrisBa
    Here's 10...

    Disciplined
    Confident
    Open Minded
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  • Profile picture of the author smartprofitmoney
    Originally Posted by Ramya Srinivasan View Post

    Please dive deep and give me at least 2 qualities.
    Become an expert at WordPress and IM Tools we use,

    Also this is not going to come easy, you have to want this bad,
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    Pushing himself out of comfort zone.
    Setting New Goals
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    The Single Truth About Making Real Money Online !
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    We're to dumb to recognize failure,we just try something else. If you find out, let me know.
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