10 Common Characteristics that entrepreneurs share

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Some of you will no doubt be thinking about taking the plunge and finally putting your money where your mouth is and starting that business you’ve been talking about all year. Well, before you do, have a look at this list of common traits/characteristics that all great entrepreneurs share.

1. Love What You Do

The best entrepreneurs are the ones who are driven by passion. If you’re truely passionate about the work you do, your chances of success dramatically increase.

2. Have a Competitive Spirit

Entrepreneurs enjoy a challenge and they like to win. They would have to since starting a business is pretty much one of the biggest challenges a person can take on in their lifetime. In business it’s a constant war with competition to win business and grow market share.

3.Understand the value of a strong peer network

In almost every case, entrepreneurs never get to success alone. The best understand it takes a network of contacts, business partners, financial partners, peers and resources to succeed

4. Be a Serial innovator, Entrepreneurs are almost defined by their drive to constantly develop new ideas and improve on existing processes.

5. Have a strong sense of basic ethics and integrity

Successful, sustainable business people maintain the highest standards of integrity because, at the end of the day, if you cannot prove yourself a credible business person nobody will do business with you.

6. Not being afraid of failure

A willingness to take risks is often cited as a core characteristic of entrepreneurial leaders.

7. An eye for niches and gaps in the market

One good idea does not an entrepreneur make. They have a constant eye for what could be done next.

8. Have Passion

If you find something you love enough to want to share it with others, that love will fuel and give you purpose.

9. Have Drive

Long hours, limited social life and constant pressure are just a few things any start out will experience, so a serious drive to succeed will stand you in good stead.

10. Have an open-mind, The most successful entrepreneurs never forget how much they can learn from others. Do not be afraid to ask for advice from others, or be open to new ideas.

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