The key to success
Mr.Nihar Ranjan Mahapatra.
Being an entrepreneur is about
more than just starting a business or
two, it is about having attitude and the
drive to succeed in business. All
successful Entrepreneurs have a
similar way of thinking and posses
several key personal qualities that
make them so successful in business.
Successful entrepreneurs like to have
an inner drive to succeed and grow
their business, rather than having a
7 Key Qualities of a Successful
Inner Drive to Succeed-
Entrepreneurs are driven to succeed and expand
2. They see the bigger picture and are often very
Entrepreneurs set massive goals for themselves
and stay committed to achieving them regardless
of the obstacles that get in the way.
Openness to Change1.
If something is not working for them they simply
change. Entrepreneurs know the importance of
keeping on top of their industry and the only way to
being number one is to evolve and change with the
times. They're up to date with the latest technology
or service techniques and are always ready to
Strong Belief in themselvesSuccessful entrepreneurs have a healthy
opinion of themselves and often have a
strong and assertive personality. They are
focused and determined to achieve their
goals and believe completely in their ability
to achieve them. Their self optimism can
often been seen by others as flamboyance
or arrogance but entrepreneurs are just too
focused to spend too time thinking about
Search for New Ideas and InnovationAll entrepreneurs have a passionate
desire to do things better and to improve
their products or service. They are
constantly looking for ways to improve.
Competitive by Nature-
Successful entrepreneurs thrive on
competition. The only way to reach their
goals and live up to their self imposed high
standards is to compete with other
Highly Motivated and Energetic-
Entrepreneurs are always on the move, full
of energy and highly motivated. They are
driven to succeed and have an abundance
of self motivation. The high standards and
ambition of many entrepreneurs demand
that they have to be motivated!
Accepting of Constructive Criticism and Rejection-
Innovative entrepreneurs are often at the
forefront of their industry so they hear the
words "it can't be done" quite a bit. They
readjust their path if the criticism is
constructive and useful to their overall
plan, otherwise they will simply disregard
the comments as pessimism. Also, the best
entrepreneurs know that rejection and
obstacles are a part of any leading
business and they deal with them
Characteristics and Skills
Not everyone wants to be an entrepreneur and run
their own business. Being an entrepreneur
requires specific characteristics and skills that are
often achieved through education, hard work, and
A skill is the ability to do something specific or to
translate knowledge into action.
TakerBusinesses face risk. Entrepreneurs minimize risk
through research, planning, and skill development.
PerceptiveEntrepreneurs view problems as opportunities and
Entrepreneurs like to know how the things done. They
take the time and initiative to pursue the unknown.
Entrepreneurs are motivated by the
excitement of staring a new business. Once
achieved, they seek out new goals or
ventures to try.
Entrepreneurs need a great deal of energy
to see a venture start and succeed.
Self-confidentEntrepreneurs believe in themselves. Their
self-confidence takes care of any doubts
they may have.
FlexibleEntrepreneurs must be flexible in order to
adapt to changing
Entrepreneurs need to ask themselves the following
questions about their product, service, or charity:
• Does your target market want this product? Prove it.
• What is you competition? How much of the market
do they own already? How will you take it away from
• Are you competitively priced?
• Is this a short-term venture? How long will it last?
• What do you offer that no other product, service, or
charity offers? Why would a customer pay money for
what you provide?
To expect a profit, an entrepreneur must ensure
that revenue exceeds all costs. Listing expected
revenue and expenses can help to achieve this.
resourceful, passionate and
driven to succeed and improve.
They're pioneers and are
comfortable fighting on the
frontline The great ones are
ready to be laughed at and
criticized in the beginning
because they can see their path