Characteristics of Successful Entrepreneurs - Atiqullah Nabizada

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Entrepreneurs enjoy what they do. They believe in themselves and are confident and dedicated to their project. Occasionally, they may show stubbornness in their intense focus on and faith in their idea. But the flip side is their demonstrated discipline and dedication.

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Characteristics of Successful Entrepreneurs - Atiqullah Nabizada Self-belief Hard work Disciplined Dedication Entrepreneurs enjoy what they do. They believe in themselves and are confident and dedicated to their project. Occasionally they may show stubbornness in their intense focus on and faith in their idea. But the flip side is their demonstrated discipline and dedication. Passion Motivation The one word that describes the basic requirement for an entrepreneurship venture is “Passion.” o Is there something that you can work on over and over again without getting bored o Is there something that keeps you awake because you have not finished it yet o Is there something that you have built and want to continue to improve upon again and again o Is there something that you enjoy the most and want to continue doing for the rest of your life

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Risk Taking Entrepreneurs are risk takers ready to dive deep into a future of uncertainty. But not all risk takers are successful entrepreneurs. What differentiates a successful entrepreneur from the rest in terms of risk Successful entrepreneurs are will to risk time and money on unknowns but they also keep resources plans and bandwidth for dealing with "unknown unknowns" in reserve. When evaluating risk a successful entrepreneur will ask herself is this risk worth the cost of my career time and money And what will I do if this venture doesnt pay off Money Management It takes time to get to profitability for any entrepreneurial venture. Till then capital is limited and needs to be utilized wisely. Successful entrepreneurs realize this mandatory money management requirement and plan for present and future financial obligations with some additional buffer. Even after securing funding or going fully operational a successful businessman keeps a complete handle on cash flows as it is the most important aspect of any business. Planning But not Over-planning Entrepreneurship is about building a business from scratch while managing limited resources including time money and personal relationships. It is a long-term commitment and attempting to plan as much as possible at the beginning is a noble impulse. In reality however planning for everything and having a ready solution for all possible risks may prevent you from even taking the first step. Successful entrepreneurs do keep some dry powder in reserve but more importantly they maintain a mindset and temperament to capable of dealing with unforeseen possibilities. Do a feasibility analysis identify time and capital thresholds take the deep dive with your limited resources. If your thresholds are crossed look for alternatives and be prepared to take the next exit. Entrepreneurs Doubt Themselves – But Not Too Much You may ask yourself am I an entrepreneur And the very question may put you in doubt about the answer. Even if you dont have the flair of Steve Jobs or the hair of Elon Musk if you have the courage to ask yourself intimidating questions – Can I do this Do I want to do this – you have the stuff to be an entrepreneur. Instead of worrying about fitting the image of the perfect entrepreneur check in with your gut. Is it on board

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