Characteristics of an Entrepreneur

So you want to be self-employed. The following are some of the characteristics of successful entrepreneurs.

Observation:

Entrepreneurs see an opportunity or need for their product or service. They are familiar with their market area and their target market. Community minded, they are well connected with a good network within the community.  Ever mindful of market changes, they are able to ‘adjust their sails’ to meet the change.

Motivation:

Entrepreneurs are driven to succeed. They are determined in their goals for their enterprise and face challenges with positive energy.  Failure is not acceptable and seen as a learning opportunity.

Innovation:

Entrepreneurs are problem solvers. When faced with a challenge they are able to resource solutions in a timely manner.  Innovation is essential for remaining competitive in the marketplace.

Communication:

Entrepreneurs are good communicators. Whether it is marketing their products or services or maintaining the relationship with their customers or client, they are effective.  They demonstrate leadership.  If there are employees, they are well informed as to policies, procedures, and are given responsibilities in the organization.

Organization:

Entrepreneurs are organized. They have a proper business plan that sets their goals and provides the basis for monitoring the business and planning for the future.  It tells them what worked, what didn’t, when to do a promotion, where best to invest dollars in marketing and networking.

If you are contemplating self-employment, obtain assistance with a course in business planning. There are enough challenges to self-employment.  Starting with a sound business plan and knowing what to expect as far as regulations and controls with eliminate many of them.

If unemployed, you may be eligible for the self-employment program offered through your local WorkBC Employment Centre www.workbc.ca   If not visit www.smallbusinessbc.ca  or visit your local Community Futures Office.  To find the one nearest you in British Columbia visit www.communityfutures.ca

If this is your dream, follow it, but do so prepared for the journey!

This entry was posted in Assessments, Business Coaching, Chamber of Commerce, Coaching, Community Futures, Empowering people, Entrepreneurs, Human resources, Leadership, Life coaching, Myers-Briggs Type Indicator, Networking, self-employment and tagged , , , , , , , , , , , . Bookmark the permalink.

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