In a world where everyone now looks to be a “CEO”; how can you stand out from the crowd. I know a good dish for successful and outstanding entrepreneurship, I’m sure you are interested in the recipe. Let’s dive into those qualities. Maybe a cup of this or that and a mix or whisk of the other makes a dish, sometimes it isn’t always straightforward. However, 10 qualities are necessary for every entrepreneur to possess to have a successful journey. Mix them however you want to, just make sure they are all in the mixture.
Effective Qualities Every Entrepreneur Should Have
1. Honesty is a Key Quality for Every Entrepreneur
This is truly the best policy. It takes the top stop among the qualities every entrepreneur should have.
How honest are you with yourself? How honest are you with your clients? Again, how honest are you with your achievement? How honest are your products and their qualities? Are you the entrepreneur that shows customers a quality picture but delivers an inferior product? How fair is your pricing?
According to Thomas Jefferson, “honesty is the first chapter in the book of wisdom” and William Shakespeare said, “no legacy is so rich as honesty”.
Wikipedia defines honesty as a facet of moral character that connotes positive and virtuous attributes such as integrity, truthfulness, straightforwardness, including straightforwardness of conduct, along with the absence of lying, cheating, theft, etc, and also involves being trustworthy, loyal, fair, and sincere.
Be all of these things and your reputation will thank you.
I call this elasticity. How elastic can you get?
This is a trait that you should have if you want to journey into entrepreneurship. Look at the top entrepreneurs—Elon Musk, Steve Jobs, Folorunsho Alakija, Tony Elumelu— their success stories are built on their ability to keep pushing.
When life troubles come knocking; when sales levels are dwindling and processes aren’t working; do not stay down; refuse to bounce back. Be elastic. Life is not always linear.
3. Good Listening Skills
If you want to be a successful entrepreneur, you should probably learn to not just listen but listen attentively. Listening is a highly sought soft skill and entrepreneurs with this skill can understand their customers and build strong relationships with them. Good listening skills also allow you to learn about your industry and product through feedback; which gives you the ability to improve. It is among the inevitable qualities every entrepreneur should have.
If you don’t know how to listen, you should learn to.
4. Every Entrepreneur Must Learn the Attitude of Patient
Some people were born patient while some people just have a high tendency of getting angry; these types of people are the ones that need to cultivate how to be patient. Being patient is beneficial especially to you as an entrepreneur. It strengthens your ability to control your reactions, enables you to keep calm in times of hardship, and prevents you from losing people (team members or clients) especially you are tempted to lash out at them.
5. Courage is Among the Qualities Every Entrepreneur Should Have.
This is strength in the face of fear, grief, loss, failure, or confusion. It is a quality that makes a worthy entrepreneur.
Courage is taking a decision even in the face of fear. It is the ability to take calculated risks—one quality that makes good entrepreneurs stand out from the crowd.
6. Every Entrepreneur Need to Learn About Time Management
Personally and professionally, having control of your time is an essential part of productivity. The ability to manage your time is proportional to how you maximize profits and potentials. You might have a truckload of work, shuffling and managing your time all through determines how efficiently you sort all of the things you need to do out.
As an entrepreneur, managing your time appropriately also keeps you organized as you have time allocated to different things that you plan to do. Life is easier to wade through when it is organized.
7. Good Networking Skills
People are essential to your growth as an entrepreneur and that’s why you should set out to meet people. This doesn’t mean walking down the street to stalk or harass people.
I mean go to places that align with your goals and what you want to make out of life and talk to people that interest you.
A maxim that applies here is; your network is your net worth.
Meet qualify that will add value to your life. The ability to be a good networker is one desirable quality that helps entrepreneurs build meaningful and profitable connections.
I am passionate about photography, writing, and frying plantain. I love doing these three things.
These are what I am passionate about and I have turned them all into a source of income. What are you passionate about?
There’s a rush of emotion that comes with creating or doing what I love, the thrill and passion are there and it makes me effective and responsible for something.
Passion is a universal quality amongst entrepreneurs. Try thinking about something you love and inject passion into it. Passion helps you to keep pushing even on the days when the profit hits rock bottom.
Failure to plan is planning to11 fail but sometimes, plans fail too. Things don’t always the way we want them to and that is sad and unfortunate.
But, on this road to success and being an outstanding entrepreneur, changing at a turn that has failed and adapting to situations that arise is key.
Adaptability was added to the characteristics of living things and it wasn’t a mistake. Things can change even when you have a perfect business plan, so what do you do? Adapt.
10. Be Valuable as an Entrepreneur
The quality of an entrepreneur is in the value they have to offer. Why should anyone want to talk or network with you? Why would anyone want to buy your product? And also, why should anyone listen to you?
Just like the millennial men say now in their quest for a wife, “what can you bring to the table?”
Make people feel your presence and let them be sure that you have a thing to put on the table or you have the table itself. Make your product one that solves a problem and offers high value.
People only connect with people that they can gain or learn from. So also people buy things that are valuable to them. Figure out the value you can offer to people.