Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

3 Essential Traits Every Entrepreneur Should Have

When you start looking at the lives of some of the world’s most powerful business people, you’ll find that many tend to share the same core of traits, skills, and aptitudes. While lacking in certain areas won’t be a death sentence on your entrepreneurial career, some traits will especially help you succeed and stay ahead of the competition. The good news is that these traits don’t necessarily have to be innate and can be nurtured with the proper discipline and course of action.

Here are some of the most important traits every entrepreneur should have.

Good Communication Skills.

There’s no way to get around this one. If you can’t manage to convey your ideas clearly, or simply voice your opinion when something isn’t going your way, you’ll have difficulty leading groups and getting work done. The same goes with public speaking; many of the world’s most successful entrepreneurs are captivating speakers and know how to inspire an audience.

While public speaking skills aren’t given to anyone, there are some things everybody can do to improve them. The first would be to consider coaching. Plenty of services offer public speaking training for executives that will teach you how to speak with more authority, power, and authenticity. A good coach will also help you get out of your shell and prepare your speeches correctly, so you can reduce anxiety and improve your speaking performances.

Great Problem Solvers.

This is another trait that is essential for any successful entrepreneur. The greatest entrepreneurs were the ones who were able to come up to great solutions to great problems. And as a business owner, you’ll have to be able to deal with problems on a regular basis and may have to put out fires from time to time.

Entrepreneurs have to be flexible and be able to look at issues from different angles, so they find creative ways to solve them. This is why great analytical skills are one of the most important traits to have. You’ll have to be able to assess situations quickly and find the most efficient and cost-effective way to deal with them.

Team Worker.

Great entrepreneurs have great teams behind them, and if you don’t know how to lead and work as part of a team, you’ll run into many challenges.

Teamwork is a combination of various soft skills. You have to be a good judge of character and know how to delegate. You also need great listening skills, to be able to keep your employees engaged and motivated towards your goals, and use your human capital the right way. You also have to know how to pull your own weight as well. Being able to recognize your team members’ contribution while recognizing your own role is essential if you want to keep your ship afloat.

Conclusion.

Now that you know what separates great entrepreneurs from others, you can move towards acquiring the skills you may need and nurturing the ones you already have.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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