What is the Anatomy of an Entrepreneur made from?
Based on statistics, average entrepreneurs are males in their late 30s who work in the construction industry. However, by now, it is easy to see how such figures can be quite misleading. This is basically because, as you have learned earlier, successful business owners and entrepreneurs can come in virtually all sizes and shapes.
They can be as young as 9 or as old as 109. They can be male, female, poor, rich, people who left school at the early age of 13, people with several doctorates, and they can come from all ethnic backgrounds, religions, countries you can ever think of. There is a large diversity in entrepreneurship
. But despite the differences, they have a single thing in common and that is the serious drive to make things happen as they want them to.
So, what are the personality traits and characteristics which make entrepreneurs who they really are? If the traits below sound exactly just like you, chances are you have the perfect anatomy of an entrepreneur and can make a great entrepreneur yourself!
More than anything else, you have to be confident to get through even the toughest of times. And mind you, there are definitely going to be hard times along the way if you will work for 14 hours a day. Sometimes, it might seem that you lost all of your life savings and you still don’t get any customers at all.
You must have deep emotional reserves as well as a solid inner confidence in yourself as well as your business idea for you to get through all these tough times (Because tough times there are in every entrepreneur journey).
This confidence will also let you approach the right people you need, from suppliers, to commercial partners, target customers and lucrative clients. It is your confidence that will give them the assurance that you know exactly what you are doing and encourage people to work with you. Your confidence is going to be an indispensable asset in any presentation or pitch you have to make.
If you have any doubts about your confidence, don’t worry as there are different ways for you to improve it. There are a lot of website tutorials and self-help books out there meant to help you improve your self-esteem.
Starting and running your own business can be an incredibly challenging work and this is often associated with constant setbacks, complications and frustrations. You should be determined to successfully pull yourself through all these hurdles. You have to be completely prepared to put in amazingly long hours every single day of the week, months and even years.
This determination is something that will keep you looking for the best deals and contacts for your business. This is also vital to forge commercial partnerships with people that you want to. This perseverance is going to prove so much about you and encourage the rest of the people to put their trust in your ability.
Determination is in the anatomy of every single successful entrepreneur. A strong determination is what will help you plow on searching for the right marketing technique, sales strategy and business model that will take your business to greater heights since these things often take years to perfect and refine.
If you don’t have determination in bringing your business to success, you will seriously have to ask yourself if it is really right for you to start a business in the first place.
When you talk about being passionate in your business, it doesn’t mean that you will be an emotional romantic and fiery hot-headed person. it only means that you must have a strong belief in the business that you are building, that the core idea behind it genuinely excites you and that every time you discuss what you are doing to other people, it is obvious how much you are into the new business and you are determined to make everything work.
The passion for your business idea
combined with the ability to communicate it is what will get investors, staff, customers, commercial partners and banks more interested in your idea. This can be an amazingly convincing entrepreneur anatomy trait which can help you close deals and bring in more customers.
Your passion is also the one thing which will motivate your suppliers and staff when times get tough, especially since you have to inspire them to continue doing their best to make everything happen.
My advice: focus on what you are passionate about. Either you can build a successful business out of it and worse case scenario, you will have great fun practicing a hobby and this might bring you unexpected new skills. For instance, I played Poker for years and now it helps me with entrepreneurship
Even the brightest ideas are going to be worthless and futile until you actually do something about them. You must be a serious go-getter to make all aspects of your business take place. A true entrepreneur is a kind of person who will just get on with things instead of spending time sitting around and just talking about them.
However, you need to be able to carefully structure your action. Choosing to leap in just for the sake of it can be quite foolish. You have to come up with clear and definite paths of action for making your business idea a reality.
As far as businesses are concerned, everything is about relationships. In order for you to be successful, it would help a lot if you are the type of person who can establish rapport with ease and is not afraid to start a conversation. Being a people’s person is really a personality trait, which is part of the anatomy of an entrepreneur. Empathy will help your business
Also, you need to form a relationship with your customers and encourage them to choose to do business with you for the reason that they like you. If people like you, this will also increase their loyalty to your business which is an important tool which can help in puling you through even the darkest of times or if a new competitor starts up around the corner.
Ability to see the bigger picture
You will always face setbacks every now and then when you run your own business. You must be the type of person who has the ability to see the bigger picture so that the challenges will not bring you down. In addition, you need to view strategy, growth and finances from a more holistic point of view for you to plan weeks, months or even years in the future But, don’t get lost into dreams or unrealistic visions, though.
Having a vision is an invaluable trait for your business planning and budgeting and for the general survival of the business.
Not afraid to fail
When you worry about failure, you will never be able to start your business. More than anything else, you must have the willingness to fail if you truly want to be successful. Getting rid of your fear of failure will give your confidence and risk taking ability to a massive boost. After all, when you don’t fear the worst option, you can always give it a go.
You must strive to eliminate fear not only of your business being a failure but also of a crucial contact who chose to turn you down or a client who decided not to do businesses anymore with you. When you always worry about these things, you will end up stressed out a lot which can then rob you of your confidence.
More importantly, don’t forget that you get to learn best from the mistakes you make in your business. Instead of fearing them, you will be much better off if you choose to embrace them.
The best and most successful entrepreneurs are the biggest risk takers you will ever meet. Take note that with no risk, there will be no reward. It means that you have to grab an opportunity every time you see one and forget about your fear of failure.
Risk-taking is totally part of the anatomy of an entrepreneur but with this being said, entrepreneurs are people who take calculated risks
. Their actions might seem flippant but you can be sure that they are going to do the Math inside their head to always ensure that they will be getting the highest chances of success when they take that risk.
Just a tiny bit of faction of business owners today manage to turn into full-blown entrepreneurs, the kind who can run chains of businesses in every corner of the globe. You can always have them as your inspiration to keep pushing yourself and also pushing your ideas always a bit further.
Successful entrepreneurs always think of the bottom line and profits. When you are not focused on making more money or probably just breaking even, you will not be able to have your business for a long time and simply suffer from a cash drain instead.
While the ability to calculate the figures quickly can be of help, this is not really something imperative. What is important is for you to always take work out the profit margin and costs on the things that you sell and buy and deduct or add these from your budget.
It is far more important to think through your financial decisions with care instead of doing things quickly. Being able to manage your budget is key.
This is a trait that is not often talked about but being an opportunity getter is the real secret to being able to determine new customers, market gaps, new product possibilities, and once you become a full-fledged entrepreneur, new opportunities for business. Spotting opportunities usually go hand in hand with optimism together and with the capacity of taking calculated risks.
This can help you a lot in finding more inventive ideas for sales, marketing, partnership and public relations. If you feel like this aspect requires work, just take a look at how the bigger companies spot new opportunities as well as how they capitalize on the trends and target their efforts on advertising. You can also read books on how businesses were able to develop creative and new ways.
You will soon find out that when you are an opportunity spotter and getter, you will always come up with great ideas and you will often see how the business and products can become more popular and efficient. Being able to discover, catch and get opportunities is really an important characteristic of the anatomy of an entrepreneur.