WANT TO BE AN ENTREPRENEUR ? - 7 MUST HAVE TRAITS

 

Are you tired of working for someone else? 

Are you full of new ideas and plan to start your own business?

Want to be a master of your own destiny? 

Do you think your skills and knowledge are not being efficiently used? 

May be you have that spirit which is trying to push you in the direction of Entrepreneurship. Entrepreneur is someone who creates a new business, taking all the risks as well the profits that come with it. Entrepreneurship is very important for any country as it supports innovation, brings in newer products and services, creates new jobs and contributes greatly to the advancement of the country.  

 I am Milind Sahanie, 10X Productivity Coach and founder of "New Skills for the New World" Platform. My goal is to increase the revenues of 30000 Entrepreneurs by 10X in next 5 years.

Being an Entrepreneur has its own advantages. Here you are your own boss and can express your ideas freely. There are no boundaries stopping you from reaching your Desires and Vision. You become the owner of your own destiny. If you succeed as an Entrepreneur, you will not only make profits for yourself but you will also make profits for businesses that are associated with you. This is because Entrepreneurship generally promotes an ecosystem of related business and with that the whole ecosystem benefits. There are several examples in our country which all aspiring Entrepreneurs can take heart from, Mr. JRD Tata, Mr. Dhirubhai Ambani, Mr. Azim Premji, , Mr. Narayan Murthy, Ms. Vandana Luthra, Ms. Kiran Mazumdar Shaw and the list can go on.

However, Entrepreneurship is not for everyone. I am highlighting below 7 Essential Traits that every Entrepreneur should have. Check them out and decide if you fit in:

 

1.  Are you a Visionary?

All Entrepreneurs are Visionaries. Vision is a Road Map with which the Entrepreneur will see their business after 5-10 years. They see a big picture of what they want to achieve and this big picture is something that energies them and drives them. It is the Vision that pushes the Entrepreneur to dare, to explore and gives them the determination to succeed.

  2.  Are you Creative?

Entrepreneurs see opportunities everywhere and in everything. They are brimming with ideas. They find innovative ways to find solutions to problems and bring them to people. As a creative person you should be able to break the status quo in your market and make the people change the way they see the world. As a Creative person you should be able to create visions which normal people cannot do.

 3.  Are you Passionate?

Passion is what drives all Entrepreneurs. They love what they do and that is the primary reason they become Entrepreneurs in the first place. Because you are passionate, you will have that inner motivation to work tirelessly and without getting bored to make your dream a success.

 4. Are you Motivated?

 

Entrepreneurs are Highly Motivated people and are ready to go  any lengths to make their dream project, their business a success. Not only they need to be motivated themselves they also need to motivate others so that others can accept their ideas. Motivation helps their Self Esteem and gives them the required power to reach their desired objective.

 5. Are you a Great Communicator?

This is a very important trait of a Entrepreneur because most of the time, the idea of the product or service is in the mind of the Entrepreneur. They need to Communicate their ideas clearly and effectively to the people they work with so they all believe the dream and vision that the Entrepreneur has and they should work in line with it. Communication also means you are a great listener. When the product or service is in its building stage, it needs to be test marketed and the Entrepreneur needs to Listen to the feedback received from potential customers. This feedback is absolutely essential to further correct or improve the product. Thus Listening becomes very important too.

6. Are you Good at Managing Money?

 

Even if you have a Finance expert with you, an Entrepreneur needs to have Finance Management skills and need to control all decisions related to company money. Since you are the one with the vision and idea, you are in the best position to make a pitch with the bankers and financers and impress upon them how investing in your vision will help them make money too. You need to be the one who should be responsible to raise the required finance for your dream project. For this you need to have at least the basic understanding of Finance Management.

 7.  Can you take Risks?

 

Risk Taking ability is an integral part of the very definition of an Entrepreneur. Entrepreneurship is about walking into an unknown territory which is full of uncertainty. You should be willing to risk your time, money and other resources to things which you cannot foresee and anticipate. There are many decisions that are required to be taken just based on your gut feeling, your inner voice. You will not have the luxury of some historical data or statistics and other information to assist decision making because what you are trying to create is something very innovative, something very new. So every decision you take will always have some risk associated with it.          

 

If you believe you have all these above traits then there is a very good chance that you will become a successful Entrepreneur. Start challenging yourself and keep learning new things. Don’t let others opinion change your inner thoughts. You will have your Highs as well as your Lows. It is going to be hard work but that is the price you pay for being successful. As Peter Drucker once said “ The Best way to Predict Future is to create it”. So take a leap of faith and be the owner of your destiny. Go on, Change the World.

 

If you wish to be an Entrepreneur and wish to discuss the subject further, you can connect with me by emailing directly at NewSkills4NewWorld@gmail.com

If you like my blog please like, comment and share with others and if you wish to bring in 10X Productivity in your Professional Life, join my Facebook Group "New Skills for the New World" by clicking on the link below and get other like minded people to join too.

https://www.facebook.com/groups/825125041425652

Thanks a lot for staying with me for this entire blog.