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.