Here is a list of traits often found in successful entrepreneurs and some tips parents can do to help them foster these qualities, so that they keep the doors of entrepreneurship open as a viable choice:
1. Entrepreneurs are risk-takers. This shouldn’t be bad risk, such as putting up a family house for a pipe dream. It is the ability to take one day as it comes, never knowing what the morrow may bring. This means also that it is necessary for them to be savvy about money and save back much of what they earn for a “rainy day" as they go.
2. Entrepreneurs are dreamers. They are able to have a clear vision for their ideas and are willing to see them through, despite the criticism. For this reason, they must also be a bit tough skinned.
3. Entrepreneurs are practical. This might seem to conflict with #2, but it actually complements it. While business owners have visions that others cannot see, they also have the smarts to bail out of a bad situation when necessary and try things another way. Mark Cuban of “Shark Tank" has a saying, “Follow the money." This must always be in the corner of the minds of budding entrepreneurs so parents should try to instill this idea in kids. They should do what they love doing, but focus on the pursuits which bring the best profit.
4. Entrepreneurs always look at things from varied perspectives. They are able to see things from different viewpoints when necessary.
5. Entrepreneurs know how to pool their resources. This includes money, materials and associations that can help their business thrive. They are always on the lookout for new resources that will push their business to new heights.