Entrepreneur New Business

10 traits you need to become an entrepreneur

Many Australians regularly dream of being an entrepreneur?

Do you dream of becoming an entrepreneur? Diving into a great opportunity, calling your own shots, being in charge of your destiny?

You’re not alone.

Young people in particular can’t wait to start their own business. A recent Think Education survey found that around two-thirds of Australian workers aged 18-35 have entrepreneurial aspirations.

But do you know if you have what it takes to become a successful entrepreneur?

Not everyone can make it on their own. It helps if you have a great idea and some start-up capital. And if funds are lacking, you can find all sorts of accessible loans for small business on ebroker.com.au. But money and a good idea are not nearly enough to make your business a success in the long run.

Successful entrepreneurs have a completely different mentality than the average employee.

Many company employees would never be able to run their own business. You know the ones we mean: those who are lazy, gullible, panicky, oversensitive, indifferent, anti-social, or cutting corners wherever they can.

A budding entrepreneur displays a certain eagerness to make it, no matter what.

Here are 10 personality traits you must have to become a successful entrepreneur:

1. Persistence
Right from the start, you have to be determined to succeed. Set clear goals and don’t let anything or anyone stop you from reaching them.

2. Eagerness to learn
To grow and stay ahead of the pack, you should never stop learning. Devour as much news and information as you can, whenever you can.

3. Confidence
Successful entrepreneurs display a high level of confidence that they can get things done. Those who doubt get left out. So believe in yourself 100%.

4. Risk-taker
The most successful entrepreneurs didn’t get where they are today by walking the safe, well-trodden path. They were prepared to take calculated risks and came out ahead.

5. Passionate
You will have to work hard. Very hard. Make long hours. If you’re not absolutely passionate about your businesses, you’re unlikely to be able to withstand the stress.

6. Decisive
There will be situations where you have to make hard decisions. Sometimes instantly. Because if you snooze, you lose. Entrepreneurs have no problem doing this.

7. Networker
If you’re uncomfortable networking, you’re not cut out to be an entrepreneur. You’ll need to get out there and build relationships at every opportunity.

8. Money-wise
You must have good money-management skills. Poor financial decisions are often the reason new businesses go bust. Don’t let that happen to yours.

9. Ability to sell
Knowing how to sell and promote your own business is absolutely essential if you want to be successful. The importance of this skill cannot be under-estimated.

10. Jack-of-all-trades
While employees can be specialists at one specific thing, entrepreneurs must be well-versed at many different skills. Having had a diverse range of work experiences helps.

So, do you think you have it in you?

If you can tick most of these boxes and are willing to work hard on any traits you may still be lacking, why not give it a go?

If you need start-up funding, you can find available loans for small business by all the leading non-bank business lenders all in one place at www.ebroker.com.au.

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