The 5 Characteristics of a Great Entrepreneur

The Top 5 Characteristics of a Successful Entrepreneur:

• Sees a Large or Can-Be-Large White Space —?And?Builds a 10x Feature or Product There.?Many can see the white space that exists, but far fewer can bring a product to market that solves a “10x better” problem in it — that people will pay for. A bit more here:?The 10x Feature is Real. At Least, for a While. What’s Yours? | SaaStr.
• Can Recruit a Great Team. Almost every start-up needs a great team to start, and to scale. No matter how good you are, if you can’t recruit other truly great people, you’ll likely fail. More here:?How To Get Better at Recruiting. (We All Need To). | SaaStr
• Signs up for up to 2 Years Just to Get it Off the Ground, 7–10 to Scale.?Most SaaS start-ups have almost no revenue for 2+ years! If you can’t find a way to drag the team through that, you fail. And most overnight success stories in B2B take 7–10 years to get to $100m+ in ARR. More here:?If You’re Going to Do a SaaS Start-Up … You Have to Give it 24 Months | SaaStr

• Understands Why It’s Not as Risky as It Looks. Most great entrepreneurs aren’t as big of risk-takers as you might think. Rather, they understand why an unexploited opportunity is larger, and less risky, than the rest of the world thinks. A bit more here:?How would you characterize the risk-taking propensity of most entrepreneurs? | SaaStr
• Gets Customers, Employees, Partners, Press etc. to Believe. Great founders find a way, through their persistence, their commitment, their passion, and their insight, to get others to believe. To believe in them. In the market. In the opportunity. And why there is a real chance it can be great, big, and important. Even when it isn’t today. A related post here:?Customers Love to Talk to the CEO. Do More of That Now. | SaaStr

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