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The Entrepreneurial Personality

written by: R. Elizabeth C. Kitchen•edited by: Jean Scheid•updated: 12/26/2009

Do you have the entrepreneurial personality needed to exceed in owning and running your own business. Read on to discover which traits every successful entrepreneur should possess.

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    The Successful Entrepreneur

    Many aspiring entrepreneurs contemplate what it takes to be a successful entrepreneur. An entrepreneurial personality will ideally consist of a specific set of traits. The personality traits of a successful entrepreneur include patience, being meticulous, being thick-skinned, creativity, flexibility, and being adventurous. These entrepreneurial personality traits will help to ensure that an entrepreneur becomes successful in whatever business venture they choose.

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    The Entrepreneurial Personality patience hisks This entrepreneurial personality trait is arguably the most important. When starting a new business, it is uncommon for it to rake in major profits right away, so entrepreneurs need to have patience. During the first year, it is important to focus on perfecting how the business is run, learn as much as possible about the industry, and build a solid base of clients and/or customers. It often takes a few years for a business to really start taking off financially.

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    Being Meticulous

    There are many aspects to a business and entrepreneurs need to be extremely thorough, and meticulous, or else they risk failure. This entrepreneurial personality trait will help new business owners in remembering to check each and every detail. Those who possess this trait tend to be very successful and happy in an entrepreneurial environment. They will succeed because they will always make sure that every base is carefully covered all of the time.

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    Being Thick-Skinned

    Having a thick skin is incredibly important. It is important to never take it personal when an investor or client has a negative view of your product or service. This can be difficult at first, and will be nearly impossible for those who do not possess a thick skin. Successful entrepreneurs let occasional negativity roll of their backs.

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    Being a successful entrepreneur also means being innovative and creative. Successful entrepreneurs are able to take an existing product or service and make it better. They also need creativity for all aspects of their business, such as advertising, special promotions, and rewarding deserving employees. Without this entrepreneurial personality trait, entrepreneurs will fall short.

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    This entrepreneurial personality trait is beneficial because it helps entrepreneurs “go with the flow”. Though, business owners will have a business plan, they cannot expect everything to go exactly as planned. Being flexible will allow them to overcome the various issues that often challenge new business owners. In many cases, flexibility and creativity go hand in hand.

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    Being Adventurous

    The Entrepreneurial Personality iprole The business world can be ruthless and is not for everyone. Because of this, successful entrepreneurs will be adventurous and unafraid of challenges. They must not be afraid of change and must be prepared for things to not go as planned. This entrepreneurial personality trait is a must because entrepreneurs will often be find themselves out of their comfort zone. Entrepreneurs, ultimately, must be prepared to face the unknown.