Considering starting up
The entrepreneurial quality check
Research has shown that there are certain qualities commonly found among successful business people.
A typical entrepreneur will have the following key qualities:
- Self-confidence
A self-belief and passion about your product or service - your enthusiasm should win people over to your ideas. - Self-determination
A belief that the outcome of events is down to your own actions, rather than based on external factors or other people's actions. - Being a self-starter
The ability to take the initiative, work independently and to develop your ideas. - Judgement
The ability to be open-minded when listening to other people's advice, while bearing in mind your objectives for the business. - Commitment
The willingness to make personal sacrifices through long hours and loss of leisure time. - Perseverance
The ability to continue despite setbacks, financial insecurity and exposure to risk. - Initiative
The ability to be resourceful and proactive, rather than adopting a passive 'wait and see' approach.