What are the Traits and Skills Necessary for Success as a Self-Employed Entrepreneur?
– Starting a Business
Creating your own business from an idea requires a high degree of motivation and a certain tolerance for taking risks. There are no guarantees in taking an idea from a vision to reality, but it does require an ability to analyze and evaluate the potential risks, and based on a carefully calculated plan, take a certain leap of faith.
Possessing the right traits and skills alone will not guarantee success; do you have the right combination of attributes that makes you more likely to successfully own and operate a business?
The characteristics that appear most frequently among successful small business owners include:
Motivation Consists Of:
Responsibility, enthusiasm, initiative, persistence and health.
Cognitive Abilities Consists Of:
Originality, creativity, critical and analytical thinking.
Emotional Intelligence Consists Of:
Emotional stability, ability to relate to others and respond appropriately, consideration, cooperation and professionalism.
Communications Skills Consist Of:
Verbal comprehension and expression, and written comprehension and expression.
Technical Knowledge Consists Of:
The individual’s complete level of understanding and expertise which results from accumulated experience and training. This technical expertise is often what sets you apart from your business competition and is the foundation of creating a unique market niche.
– Self-Employment Assessments
Questions to Ask Yourself
Download Self SWOT Analysis Worksheet
Many studies have identified the traits and skills common in successful business owners. Although entrepreneurs may come from a variety of social-economic backgrounds, they share a common desire to work for themselves, along with other traits, such as assertiveness and a high degree of self-confidence. It makes sense – if you’re investing a tremendous amount of your own money and time, you need to feel strongly that success is achievable.
Think you might not be ready for self-employment now?
Consider where you are in your life, what kinds of responsibilities you have, as well as resources available. For many people, although entrepreneurship is a desire, the timing may not be right. Self-employment programming has shown that close to half of participants have been over the age of 45, many of them retired. For those who discover that self-employment is not a viable option at this time, knowledge of other work options available and/or a review of some services may be helpful (Career Planning Workshop, etc.).
Tip: You can't move on to the next lesson in the workshop until you've marked the current one complete. When you click "Mark Complete" you'll automatically be taken to the next Lesson!