Charles Kaluwasha | lifeonthenet7
Do these 3 things and make money online,its all that easy
3 years ago

The 7 attributes of a true entrepreneur

Jul 16th 2010 at 1:19 AM

Most scholars state that in order to become a successful  in any undertaking, you must have the right attitude, discipline, good knowledge, passion and motivation.This is also true with an entrepreneur. However, not everyone is born an entrepreneur but you can become one.

Who is an entrepreneur?

An entrepreneur is someone who undertakes a commercial venture with the chance of great profit or loss.If you too would want to become a businessperson, think twice, examine yourself and if you find that you possess the following characteristics of an entrepreneur, then you will make it and grow your business.

1.You must be willing to take risks

Successful entrepreneurs take risks in any business they venture in. There are two things that may happen. The investment may pay off, thereby increase its power and growth. On the other hand, things may not work as expected and lose money. A true entrepreneur may see this as a learning curve and get more experience so that next time he or she is more careful. So, In any business, you will encounter a lot of obstacles and challenges which you need to be aware of as part of your development. We learn more from our past mistakes than from our good choices. Therefore risk taking is good for development in the long term. Do not mourn over the lost dollar, it will pay you off in the long run.

2.You must be smart and intelligent

To work smart is to be knowledgeable, continue learning new skills and take advantage of new and better entrepreneur environment. There are many entrepreneurs scattered all over the planet where one can tap experiences and knowledge.Gone are the days when you were confined to your physical environment. With advanced technology, you can define your community among entrepreneurs who have more experiences, skills and share similar interest that will enhance your entrepreneurial skills to manage your products/services and clients more effectively.

You must be  able  to identify needs and problems of  your customers in order to change their situation and give them the right solution. This will help you gain respect and trust from your customers and clients.You will instantly earn their attention and  their unwavering devotion. They can buy what ever you are offering at any cost.

3. Must be a leader

Leadership is an attribute that is hard to find among individuals. Not many individuals have the nerve to take the lead any organization.

To become a good entrepreneur, you must be a leader. Some say that this is a born characteristic but if you don't possess it,  you can also learn to become a leader. In fact literature states that leaders are not born, but they are made.

The most powerful attributes of a leader include:

  • A person who does not compromise on matters of principle and standards
  • Some one who has a vision for the future and communicates this vision in a simple way for others to understand
  • Someone who does not give up and leads by example
  • Some one who can set high standards and not afraid to confront even enormous problem despite the risks involved
  • Some one who accepts blame for any failure, instead gives credit  of success to followers
  • Some one who has integrity and courage.

As a leader, you should be able to guide, influence, and direct people. This way, you can handle all your business activities with ease and fewer worries.

4. Have an inner passion for business

Another important  attribute that many entrepreneur lack is having the right passion for business. Without passion, you will never fulfill your desires. Passion is the fuel that drives you to get what you want to achieve.

Do you have the passion for your business?.... Passion leads to productivity, that is taking action to produce results for your business. Passion does not entertain laziness. You have to maintain your enthusiasm and interest in the business. You must put all your soul into it, have a firm belief in what you do. The truth of the matter is  that the  more passion you put into your efforts  every day, the more you will achieve your dreams in real life. This will give you drive  to run the business  despite  the ups and downs.

5. Be honest and trustworthy

Being honest  with your self is the hardest thing in life, but this is  vital to the success of  your business.Customers  would like to deal with honest people and any mistrust will create a bad reputation and that will lead to the down fall of your company.

These days most of entrepreneur's time is dedicated to pooling and attracting customers. You must have the ability to build relationships with every body knowing that you are building your personal wealth, if you have earned their trust. This may be true because without the customers, the business will not exist. You have to be honest and trustworthy so that you can develop good will.

6. Be ready to adapt new skills

To stay at the top of other competitors, you must have the ability to adapt to new skills or technology. In other words, you must posses the ability to learn new things every day- which is the most important skill for an entrepreneur in this  changing economy.

7. Improve speed of communication

To be a successful entrepreneur, you must use the right technology to find new products and  that are in great demand, then communicate  and educate  your customers about the products and services and emphasize the importance of improving their lives in a simplest and fastest way possible that they  for them to understand and buy from you without hesitation.


These attributes  will help you do all the business responsibilities and obligations that need to be done.They are also the keys to your business success. If you want to finance a certain business venture and run the business yourself, you should develop these attributes. Without them, your business will soon fail and you will suffer the losses.

If you already have the attributes of an entrepreneur, all you need to do now is to study the market carefully, think of a good business venture, and provide for the capital and you're all set to run your business.

Remember that to be a successful entrepreneur, you must be ready to explore what you do not know yet regularly, aggressively and think 'out side your routine box' to start doing things you have not yet experienced. I have found this to be my strength  and comfort since I started my internet business!

Please to comment
Apr 10th 2011 at 1:43 PM by profithub
Excellent article Charles, thanks for your contribution!
Jan 7th 2011 at 8:10 PM by surefireformula
Certainly a good set of attributes to cultivate. I especially liked point 3 regarding leadership. Good leadership is essential for success. A good leader will embrace all of the above mentioned attributes and impart them into his or her sphere of influence. Nice article Charles.
Sep 24th 2010 at 11:16 PM by GTBulmer
Hello, Charles: Very nice article with lots of ideas and inspiration on becoming a successful entrepreneur. Risk-taking, passion, improved communication and the rest - they are all great qualities that we must always work to improve. :-)
Sep 24th 2010 at 10:14 AM by m8t43
Hi Charles. This is a great article and everyone should read this BEFORE they go into Business for themselves. My inner passion for business has always been the motivational force for me in anything I did (offline and online)and am doing now. I spend many years (since 1994) on the Internet and have gone thru many trials and errors, as to finding the RIGHT program etc.I was totally shocked to find so many "crooked" programs are out there, that was almost enough for me to give up on the whole Idea, of having my OWN business. Yes I have made some decent money, but I am still not rich :), but have accumulated a wealth of knowledge in the process. This has been a long and sometimes arduous journey for me. Then I stumbled on Traffic Exchanges about 3 years ago. I found them to be a wonderful platform to get myself branded on the Internet and actually get lots more QUALITY traffic to my sites, then ever before. I spent 2 years researching many TE's, to find what makes one better then the other. Bottom line, this led to My Husband Ron and I to have our own Traffic Exchange, Leader - which we launched in August of 2009, not with a big bang and a lot of hype, but steadily. We didn't have a big advertising budget, since we sank most of it into our TE to make it the best it can be. Our passion is to make it one of the best TE's on the net, to provide our members with fast, quality, targeted traffic, smooth effortless surfing, and earn a little money in the process. This is truly a labor of love and we want our TE to be most profitable for our members. Yes I have learned more from my past mistakes than from my good choices. This gives me the drive and motivation for my daily activities. The best success to you, Charles and thank you for sharing. Monika

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