Personality Traits Determine Who Will Be Entrepreneurs

Article excerpt

Today's entrepreneur is viewed as having the most glamorous position in the business world. Risk taker, innovator, creator.

These characteristics exude an aura of excitement. Who can fail to be thrilled by the success stories of Federal Express, where a whole new industry was created, or of Apple Computer taking on giant IBM?

Though intriguing, entrepreneurship is not for everyone. Several studies have shown a cluster of personality traits common among all successful entrepreneurs. These traits include a need for achievement, persistence, innovative outlook, low need for conformity, high energy level, risk taker and, most importantly, efficiency.

Entrepreneurs are usually workaholics and their entrepreneurial efforts almost always become the focus of their lives. The demands of being successful are so great that these individuals usually have little energy left to devote to personal relationships.

If you have an idea for a business, but are not sure you have what it takes to be an entrepreneur, a personality test administered by a professional might help you determine if you have the appropriate characteristics. Entrepreneurs are fun to watch, but watching may be as close as you want to get to his breed!

If you decide to become an entrepreneur, education can increase the odds of your being successful. Many graduate programs offer courses in entrepreneurship. Some of the specific skills that can be learned are analysis of cash flow, gathering of resources, negotiating and how to write an appealing business plan for investors.

Question: I have been a teacher for 10 years. I would like to make a career change and work in the business sector. What should I do?

Answer: After determining what type of work you want to do, let relatives, friends and anyone that might have a job know you are looking. Evaluate your skills, abilities and interests to determine what you have to offer a business, then prepare a marketing or broadcast letter to advertise your skills. …