What Makes a Successful Entrepreneur?

This article analyzes 6 things that make a good entrepreneur, relating back to what we have learned so far about entrepreneurship and innovation.

While there are many things that may make an entrepreneur successful, the author highlights 6 key points that she believes really differentiates the good from the great. The first point is seeks the counsel of others. While some entrepreneurs may succeed by being bull headed and individualist, the more successful tend to be those who seek the advice of those who came ahead of them. This generally means they are smart enough to learn from their predecessors. This leads into the second point; be smart and hire smart people. Entrepreneurs who have a strong team of employees tend to do better than those who fall short. Thirdly seeing the small details sets the great apart from the mediocre. While many entrepreneurs see the big picture, many struggle to immerse themselves in the details. Next holding a positive outlook tends to help along with celebrating the efforts of others. Lastly, which I believe is the most important point, is persevering where others would quit. As we learned in Comm 101, being an entrepreneur is a risky business and you need to be prepared to face failure. While failure may be a hard thing to face it is the key factor that distinguishes the great entrepreneurs from the crowd.  Those with the confidence in their idea and the drive to continue moving will eventually be the ones that become the most successful.

Article : http://www.forbes.com/sites/hollymagister/2013/10/21/6-things-successful-entrepreneurs-always-do/

Picture: http://smartbusinesstrends.com/10-qualities-of-highly-successful-entrepreneurs/

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