Running your own business is definitely a dream come true. To be able to run a company with a team at your disposal, certainly beats sitting behind a desk for hours on end. However, what most people tend to forget in their pursuit of entrepreneurship, is that merely having a business sense is no longer enough to get the job done. One needs to have the entire package, so as to be able to manage the operations efficiently. So if you have been wavering back and forth on the idea, why not take a look at the traits that make a good entrepreneur below, and realistically assess yourself?

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An entrepreneur who knows exactly what it means to head down this road, is not easily swayed. He/she does not allow anything to stand in their way. They understand and appreciate that there will be challenges along the way, and they cannot be avoided. They need to be worked through and pushed past to move forward. They are self-motivated and very clear on their goals. Yes there will be things that get them down occasionally, but they do not let it dictate or rules their lives. They simply take it to be an element of the whole process instead.

Always Learning

The best leaders are those who accept that they still have much to learn. If you are going to strut about like an insufferable know-it-all, you will not get very far. Remember that it is not just about what you know, but how you interact with people. You are going to need to work with many different people if you want to run a business, so you need to be able to get along. A willingness to learn more is admirable, even if you just want to pursue a diploma of entrepreneurship. People will look up to you and recognise your humility and will to study further so you can acquire more skills and knowledge to help in your success.

Jack Of All Trades

At the start, you may not really have the luxury of hiring people, which means that you will have to wear several different hats to begin with. If you find some areas really out of your forte like bookkeeping for instance, consider enlisting a friend or family member you can trust to take on the job for a little while. Until you can hire someone professional, you just need someone to cover that area. Be ready to take on all sorts of tasks since you will most likely run a one-man show for a while. Just remember to take care of yourself so you do not wear down.


Most people can make decisions when they are given the time to weigh their options, but the role of an entrepreneur is considerably fast-paced. Hence, you would have to have quick-thinking skills as well. Once you have a team of staff, they will all be looking to you for the right decisions, so you should master this if you have not already. Critical thinking and analytical skills are essential when running your own business, so make sure these are your strengths.