5 Indispensable Qualities of An Entrepreneur.

The 21st century has witnessed  the rise in the number of new enterprises. This may be as a result of the popularity of the internet, and high emphasis being place on entrepreneurship by higher institution of learning. I want to point out more clearly that
entrepreneurs are anticipated to evince the following qualities:


1. Risk-taking:
Since entrepreneurship has to do with risk-taking, an entrepreneur is expected to be an innate risk-taker. This enables him to create things unimaginable without fear. Though, risk is inherent in virtually all the things we do on a daily basis. The fear thereof, will lead to failure. Risk-takers are not risk-averse, but they adopt risk-reduction techniques before venturing.


2. Foresight.
This quality is very essential for an entrepreneur. This helps one to see through one's mind. It serves as a  mental light that shines in the darkness of ignorance. It brings its user closer to success. It helps one see what others can't see. I think- most new businesses failed because of lack of it. It is a natural gift, but can be achieved by reading motivational books, and thinking thoughtfully.


3. Leadership.
It is imperative that an entrepreneur must possess leadership qualities. The following are the qualities of a leader:
a. He must be a teacher.
b.He must be a problem-solver.
c. He must possess interpersonal skill.
d. He must be bold, not conceited.
e. He must be courageous.
In the real world, a leader is seen as a person with an encyclopedic knowledge, which is required of an entrepreneur.


4. Perseverance.
Businesses are like young plants, they need time and care in order to grow into tall trees. He must be able to endure hardship and downturn in business. Though, this is an essential part of business, but life in general. It enables one to stand again after a fall. Do you still recollect the adage: 'it is not how many times you fell that matters, but your ability to stand up again.'


5. Technical Skill:
He must have an in-depth technical knowledge of what he is venturing into. For instance, It is expected of a software developers to be extremely good at programming. In conclusion, those venturing into entrepreneurship should inculcate the above-mentioned qualities in themselves. please, share this post!
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