Entrepreneurial characteristics

You may have gathered that there are various answers to the question: ‘what does it mean to be an entrepreneur?’ That’s because entrepreneurs are individuals. Each person has different characteristics and experiences that shape them on their entrepreneurial journey.

Whilst we all have differences, we also have many things in common. If we look at successful entrepreneurs, we’re able to find a pattern to the characteristics that they possess.

Here are some important entrepreneurial characteristics. They are:

• Persistent: They keep striving towards their goal even when faced with challenges.
• Adaptable: Whilst entrepreneurs are highly persistent in achieving their goal, successful entrepreneurs are adaptable. They know when their business idea needs minor or major changes to improve their chance of success.
• Constantly learning: Many famous entrepreneurs have shared that they value continued educational learning. In fact, the average CEO reads four or five books a month.
• Creative: They make a business stand out from the crowd. Creativity can mean many things, such as how the product or service is designed, or the feel of the brand through its packaging, style and colour choice.
• Problem solvers: Successful entrepreneurs identify a need for their product or service, which is often a problem customers face.
• Visionary: Entrepreneurs can see an image of the future in their mind and how their business fits with this future.