Distinguishing Characteristics of Great Entrepreneurs
April 2, 2014
Apple, Starbucks, Microsoft. These all represent companies that at the helm preside some of our most influential leaders of the day. Steve Jobs, Howard Schultz and Bill Gates all represent men who had a dream and then followed it. They were driven entrepreneurs. Each one can tell stories of failures before success. This is pivotal if we are to understand the distinguishing characteristics of great entrepreneurs. Here is a list of seven behavioral mindsets that will set these business mavericks apart from the others.
Achievement. Strong entrepreneurs are determined and spirited. They are self-led. They know how to set personal goals and achieve them with self-reinforcement, monitoring and natural rewards.
Individualism. They understand who they are, what makes them tick and are willing to stand alone in the crowd. They are willing to be misunderstood because they believe wholeheartedly in their idea.
Control. Great entrepreneurs understand that they control their destinies. They believe in themselves and will contemplate their lives as being surrounded by the conditions by which they want to produce.
Decision Making. Rational or intuitive decision making. One relies on facts and logical analysis, the other relies on “gut instincts.” While both are necessary for launching companies, those leaders who believe in their inner promptings are usually better able to take risks.
Risk Taking. They are not afraid to take risks even if it means failing. A strong entrepreneur lives by his personal convictions of ideas that have the potential to make a difference. They will take risks over and over again until they finally get it right.
Optimism. They believe that nothing they do or try is wasted. A failure is seen as an experiment and the entrepreneur will take his findings, come to new conclusions and start again. There is always a pot of gold at the end of each rainbow for this leader.
Focus. The determined entrepreneur stays focused on his idea. He is not swayed by public opinion. If criticized, he will listen and lay it alongside his vision. He will then determine if the critique aligns with his mission and vision statement. He will make changes if necessary however he will never lose his focus on the project at hand.
Do you know someone who carries all of these characteristics? If so, you just might be looking at the next great entrepreneur of the decade.