For those who have thought about opening a business or who want to expand a company, it’s important to know the characteristics of a successful entrepreneur to maximize the chances of achieving your goals. Although it is exciting and entertaining, starting a company is not an easy task. For you to achieve your business goals, you need to develop certain qualities, aptitudes and skills. Jose Duarte, a successful entrepreneur from Costa Rica, offers six characteristics of a successful entrepreneur.
Undoubtedly, vision and perspective for the future are among the most important elements that distinguish who creates a business. It is important that you not only develop this competence, but that you perfect it as much as you can. For your business projects to have a great impact on society and be a reference for other entrepreneurs, it is necessary that you get ahead of the events. “You should analyze what the trends and needs of consumers will be in the near future and study what things should adapt to your organization and how you can do it,” asserts Duarte.
Creativity and entrepreneurship go hand in hand. The ability to invent and innovate is elementary to develop projects of great scope and with good acceptance. That said, when working on a business plan, always make sure that what you offer has an added value that differentiates your products or services from the rest in the market. Even if you already have a company, it is never too late for you to reinvent yourself or innovate in the industry in which you operate. In fact, if you dare to do this, you will surely see results that will surprise you. It is also important that, in case you have work experience in management and direction positions, you avoid copying exactly the model of the organizations in which you worked previously.
Passion is indispensable in different areas of life and entrepreneurship is no exception. To be successful in this area, it is necessary that the feeling that drives you to conquer your goals is your engine to strive, take risks and, above all, dream of great results for your business. Explains Duarte, “Entrepreneurship always means a challenge and, therefore, it is important that you enjoy this activity and build it with a high degree of motivation. That way, you’ll feel much less pressured by the demands of opening your own company and you’ll be able to face all the challenges that come your way.”
Although working every day entails great learning, it is important that you focus on training yourself technically and keep yourself constantly updated. The educational environment has understood that entrepreneurship is an essential part of society and, for that reason, there are many courses aimed at this area. If you’re an extremely busy person, don’t worry! You can take classes online to save you time on transfers. It’s also important that you’re willing to learn from everyone around you and your own mistakes. If you have the right attitude and enough humility to recognize that some things you can do better, every day you will make progress on something.
Entrepreneurship is a path that can give you multiple personal and economic satisfaction. According to the book “The Money Flow Quadrant,” written by Robert Kiyosaki, 95% of the world’s capital is accumulated by people who have businesses with organized systems. To achieve such a benefit, you will need to be persistent. Logically, not everything will always go as you planned. One of the problems that afflict those who open a company is the lack of money. Sometimes, these entrepreneurs design very good business plans, but they do not have the necessary resources to develop them.
When talking about the characteristics of a successful entrepreneur, the ability to adapt to technological innovation can never be left out. “In the business world,” says Duarte, “this skill is a powerful tool. If you do not use it, you will give many advantages to your competitors.” An example of this is that, regardless of the size and turn of the business you start, it is important that you include systems that allow you to automate various processes. Areas such as inventory, production, finance and human talent management are prone to errors if modern tools are not implemented, aimed at optimizing business management.