See more from Side Hustles

Advertiser Disclosure

5 Qualities All Entrepreneurs Have

Spread the love
traits of an entrepreneur

Entrepreneurs are different from most people. They’re the movers and shakers, the people who create new industries, who changed the way we do business, the way we travel, even the way we consume entertainment.

Simply put, entrepreneurs are at the vanguard of innovation.

But that’s just the winners. What about those who are still making the climb, or haven’t even begun? How do you tell if someone has it in them to become an entrepreneur?

Let’s find out. Here are five qualities all entrepreneurs have:

1. Entrepreneurs See Potential Where Others Don’t

Entrepreneurs have the ability to see things differently. They imagine new ways of doing things and envision solutions to problems people don’t even know exist.

McDonalds has been a massive success since its founding. McDonalds became what it is today because of a simple observation made by a traveling salesman, Ray Kroc. He saw that Americans wanted food that was served quickly, in sanitary conditions, and the same no matter which restaurant you’re ordering rom.

He saw the potential for a chain of restaurants that would offer a great family atmosphere, standardized service and quick order times. Ray could envision that this was what people really were starving for, and so, he made it happen.

Ray was someone who could see excellence when it was presented in front of him. Instead of being just another guy ordering a burger, he befriended the brothers, got himself enchained in their ideas and got to work.

2. Entrepreneurs Take Risks That Others Wouldn’t

Accomplished blogger, world traveller, and now a best-selling author, Mark Manson took a massive risk when he quit his first real job at a prestigious bank in Boston. He was starting his long career in finance, but ended up quitting after only six weeks.

He struggled for two years after that. He was broke and lived on his friend’s couch with a portfolio of failed projects and ideas behind him.

But then, things began to change. He built a following of loyal readers and connected with them. Fast forward, now he is a best-selling author, but for a while, he was just some random guy who quit his job and was trying to make ends meet.

Most people do not take risks. They believe the old saying, one bird in the hand is worth two in the bush. They may have dreams, ambition, and a strong work ethic, but being comfortable outweighs taking the risk.

To be an entrepreneur, you need to take calculated risks that the majority of people won’t.

3. Entrepreneurs Are Consistent, Even If They Have Bad Days

Jerry Seinfeld had a calendar hung up on his wall, and every day that he wrote a joke, he would put a red X through that day. Soon enough, there was a chain of Xs, and Jerry realized very quickly that he didn’t want to break the chain.

Every day, he made sure to write material so that he could put an X on that day. It didn’t matter if what he wrote was good or bad, funny or not, he just had to focus and write something so he could cross off that day.

Consistency is what really separates those who make it from those who just have “good ideas”. Hustling hard for a week doesn’t. You have to stay diligent even on the days you don’t feel like working.

4. Entrepreneurs Have A Clear Vision Of What They Want

Steve Jobs was a man of wild emotion, who often broke down in tears when things didn’t go his way. He belittled co-workers when he thought they were doing a poor job. Steve Jobs did, however, have vision and he made sure all of Apple’s products reflected that vision.

He even made sure that the internals of his devices looked aesthetically pleasing, even though no one would see them. While the computer industry was filled with smart, capable people, Steve was rare because he cared so deeply about beauty and user experience.

His co-workers sometimes thought he was mad. He would obsess over details even though his co-workers they thought were trivial non-problems. But Steve believed that it was the sum of the parts that made the whole. His stubborn, wilful manner ensured that his vision was executed. He was a man who knew what he wanted and didn’t stop until it was perfect.

Steve Jobs’ vision separated Apple from the rest of the tech companies and it enabled him to innovate within Silicon Valley.

5. If Entrepreneurs Are Lacking, They Are Not Afraid To Learn

Steve Martin, famous actor and comedian, says that he had no natural talent when he began in comedy.  Earl Nightingale, a famous radio speaker and business advisor, said that anyone can become an expert in any industry if they set one hour a night to study it.

Chad Mureta was lying in a hospital bed after a serious crash and was unsure what to do with his life. His previous career was falling to pieces since his accident, and now he was facing the terrifying prospect of losing a limb.

A friend gave him the idea of creating applications for phones. Chad had no background in programming or technology and he was not even very good at operating his phone. But after he was released from the hospital he created his first app, “Fingerprint Security-Pro,” by outsourcing the programming.

Chad knew he couldn’t program and he knew he didn’t know enough about app development to break into the market. But while he was recovering from his surgery, he researched and studied the app market and figured out what was profitable and what wasn’t. Chad may not have been able to program apps himself, but he was willing to learn and work with developers who knew how to code apps.

Now, Chad is a famous author, teaching others how to build businesses with apps. Entrepreneurs are able to make major adjustments to their character and knowledge base so they can do exactly what they want to do.

Are You Crazy Enough To Be An Entrepreneur?

They say in order to be an entrepreneur, you have to be a little bit crazy. As Lori Greiner, the famous investor on Shark Tank, says, ‘entrepreneurs are the only people who will work 80 hours a week to avoid working 40 hours a week’. So fasten your seatbelt and get ready for the craziness that comes with entrepreneurship!

More From Side Hustles