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The Essence Traits of Successful Entrepreneurs- Carl Kruse


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The best entrepreneurs do share a collection of characteristics, from Determination to the ability to tolerate risk, that are crucial to a successful venture.Entrepreneurs have different personality traits than corporate managers, scoring far higher on traits such as curiosity, innovation and self-discipline, motivation, passion etc.
Mr. Carl Kruse here gave the ideas behind Successful Entrepreneurship.Carl Kruse has more than 25 years’ experience as an entrepreneur and consultant. He is highly active in the non-profit sector, particularly with organizations that focus on science, the environment, education, and art.

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The Essence Traits of Successful Entrepreneurs- Carl Kruse

  1. 1. The Essence Traits of Successful Entrepreneurs -Carl Kruse
  2. 2. Determination Beginning a business is a ultra marathon. You must have the capacity to live with vulnerability and push through a cauldron of obstructions for quite a long time on end. Determination occurs prior to goal attainment and serves to motivate behavior that will help achieve one’s goal. When disappointment happens, you need to start from the very beginning once more.
  3. 3. Passion It's commonly assumed that successful entrepreneurs are driven by money. But most will tell you they are fueled by a passion for their product or service, by the opportunity to solve a problem and make life easier, better, cheaper. Passion based on your company's specific mission is an intrinsic drive that provides the internal reward that can sustain you between paydays.
  4. 4. Tolerance of uncertainty This classic trait is the definition of risk-taking--the ability to withstand the fear of uncertainty and potential failure. "It all boils down to being able to successfully manage fear.This is where the ultimate entrepreneurial test takes place, on the mental battlefield. You can go with the fear and quit, or push through it.
  5. 5. Vision One of the characterizing attributes of business enterprise is the capacity to detect an open door and envision something where others haven't. Business visionaries have an anomaly that distinguishes neglected corners and puts them at the bleeding edge of advancement and developing fields. They envision a different universe and can impart that vision viably to financial specialists, clients and staff.
  6. 6. Self-confidence Self-confidence is a key entrepreneurial trait. You have to be crazy-sure your product is something the world needs and that you can deliver it to overcome the naysayers, who will always deride what the majority has yet to validate. It's a belief that turns the risk proposition around--you've conducted enough research and have enough confidence that you can get the job done that you ameliorate the risk.
  7. 7. Flexibility Business survival, like that of the species, depends on adaptation. Your final product or service likely won't look anything like what you started with. Flexibility that allows you to respond to changing tastes and market conditions is essential. "You have to have a willingness to be honest with yourself.
  8. 8. Rule-breaking Entrepreneurs exist to defy conventional wisdom. A survey last year by Ross Levine of the University of California, Berkeley, and Yona Rubinstein of the London School of Economics found that among incorporated entrepreneurs, a combination of "smarts" and "aggressive, illicit, risk-taking activities" is a characteristic mix.
  9. 9. Contact Information: Carl Kruse