Qualities of a Successful Entrepreneur by Ty Rhame
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Transcript of Qualities of a Successful Entrepreneur by Ty Rhame
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You have the desire to be entrepreneur. But do you have the traits needed to succeed as an entrepreneur?
Here are the facts and characteristics you need to know in order to become a successful entrepreneur.
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60% of today’s entrepreneurs said that working for others was not appealing for them.
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64.2% said that they always dreamt of opening up a company.
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74% were motivated to accumulate wealth.
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66.2% wanted to build up a startup from scratch.
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Before starting, 69% had 10 years of industry experience.
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18% had worked for 15 years.
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10.3% had 20 years of experience.
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stressed the need for prior work experience before jumping into entrepreneurship.
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attributed their success to learning from previous successful experiences.
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put the value of a good management team as the reasonbehind success.
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claimed that good fortune is an extremely important factor.
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claimed that good fortune is an
extremely important factor.
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Perseverance
Does not get deflated by failure but becomes
even more determined to succeed in the future.
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Initiative
Anticipates problems in advance and solve them in an efficient way. Creates self-imposed standards and enjoys taking responsibility.
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Self-Confidence
Know themselves and others.
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Creative Thinking
Have the proficiency to turn an existing product
into a better one.
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Knowledge-seeking
Always looking out to gain more knowledge, from failure as well as success. Keep updated with information that can lead to growth.
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Delegator
Doesn’t try to do every task single handedly.
Uses the knowledge of the team to delegate work
to the appropriate member.
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Relationtship-Builder
Possesses the ability to influence, convince and inspire and build relationships that aid growth.
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Commitment to Others
Has the integrity to fulfill promises made to
customers, suppliers and, most importantly,
employees. Can be trusted.
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Risk Taker
Willing to take risks. Able to calculate risk and
make quick decisions when needed.