The question that is always asked by many is, “Are entrepreneurs born or made?”. While there isn’t really any specific answer to this question, there is actually a set of traits associated with successful entrepreneurs.
In a study published by Oxford Psychologists Press, it was revealed that entrepreneurs consider themselves creative, impulsive and risk-takers.
In the said study, the participants with preferences for “intuition and perception” were more likely to consider themselves as entrepreneurs. This actually means that entrepreneurs look forward to the future, trust their intuition, enjoy dynamicity, and are more likely entertain new ideas.
Let us take a look at these qualities associated with successful entrepreneurs:
Techpreneur giants Bill Gates and Steve Jobs, among many others, credit intuition to their success. Following their intuition was what prompted them to pursue and create these giant companies to what they are today. Following their hunch helped them start and work on their business ideas.
Often you have to rely on intuition. – Bill Gates
Being a “perceiving” type of person is also associated to entrepreneurs. According to the Myers-Briggs assessment, people who are perceiving types are able to adapt and go with the flow. They are not too rigid with the rules and regulations. Because of this, they are able to take more risks , and are impulsive, a quality that is very important for entrepreneurs.
The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.
– Mark Zuckerberg
If you read entrepreneurial success stories, you would notice that most of these entrepreneurs had a fairly positive attitude. They all believed in their dream and they held on to the future with hope (and action, of course). Optimism helped them get through the challenges they encountered (and continue to encounter) in their business. They see the reward beyond the challenges.
Everyone can tell you the risk. An entrepreneur sees the reward.
– Robert Kiyosaki
Persistence is a key characteristic to many entrepreneurs. A few of them are Walt Disney, Jack Ma, and Colonel Sanders who all had experienced failures and showed persistence even before they achieved success. Having experienced many failures early in life (and even in business), these entrepreneurs showed persistence, not only in business, but also in life.
The difference in winning and losing is most often not quitting.
– Walt Disney
While emotional stability was not credited in the said study, emotional stability is related to resilience or grit, a great factor to many entrepreneurs’ success. There are many twists and turns in business that come up unexpectedly and having emotional stability very much helps an entrepreneur pursue his entrepreneurial goals.
The key to success is emotional stability. – Warren Buffett
While these traits are common to many successful entrepreneurs, any personality type can actually start a business and become an entrepreneur. It doesn’t necessarily mean that not having these qualities will make you less of an entrepreneur.