Fancy of being an entrepreneur?
But do you have what it takes to become one?
No matter how different their backgrounds could be, entrepreneurs do share a collection of core characteristics that are essential for them to operate and create a successful venture on their own.
There are several personality traits that are often attributed to entrepreneurs. I’ve talked about 3 of them in my last blog, and here are the rest of them.
Internal Locus of Control
Do you think you have control of your destiny? Or you are the type who think there are external influences such as fate or luck that have control over your life and achievements?
If you identify yourself in the first category, you have a good chance of being an entrepreneur. Many studies showed that entrepreneurs usually have a higher internal locus of control than the general population. What this means is that entrepreneurs believe that the events & results they receive in their life are mainly self-determined, and that they have little belief in fate and the concept of predestination.
This internal locus of control also lead to some other key characteristics of an entrepreneur, such as:
- Taking responsibility for their actions
- Tend to be less influenced by others’ opinions
- Work hard to achieve the things they desire
- Feel confident in face of challenges
- Etc.
High Tolerance of Ambiguity
Ambiguity refers to events or situations that are doubtful or uncertain. Entrepreneurs are often found to be more tolerant towards ambiguity compares to the general population. This could be because they operate in an environment with less security & permanency than the usual circumstances experience by others.
As they are more used to ambiguity, when something uncertain happens, it might be regarded by the entrepreneur as an entertaining stimulus rather than a serious threat to themselves.
Creative & Innovative
Entrepreneurs like to create new things, and most of them love the challenge of coming up with new solutions for existing problems. The more unique & innovative their new business/product/service is, the more the entrepreneur will like it.
Entrepreneurs are also people who like to engage in the continual process of upgrading ideas/products/services as their business grows.
Want to know more about Entrepreneurship? Need help with planning for your business? Contact Maverick Mentoring today via 3 9005 8275, and receive a FREE 1-on-1 business consultation tailored specifically for you and your business.
