To become successful entrepreneurs, the
entrepreneurs should demonstrate some of the entrepreneurial traits. Examples
of entrepreneurial traits that should be demonstrated by entrepreneurs are
integrity and reliability, initiative, versatility, decisive, time competence,
perceptiveness, ability to learn from mistakes, ethical consciousness and
foresight.
Integrity
can be defined as having strong moral values and principles. It involves
disclosing and communicating the truth to the clients as well as decision
makers (Suhaib, 2006) . Reliability is the ability of
entrepreneurs to maintain the functions in routine of business.
Initiative
can be defined as the ability of deciding or generating new decisions and plans
without waiting for the other person to tell you what acts that you should do (Hubbard, 2005) . It is important to
entrepreneurs as this trait will decide the success or failure of the business.
Versatility
is also an important trait that should be demonstrated by entrepreneurs.
Versatility is the ability to adapt in various situations, task and fields. It
allows entrepreneurs to compete in wide variety of fields (Dave Overthrow, 2008) .
Besides, entrepreneurs should also play
decisive role in business. It allows entrepreneurs to determine for the final
results in particular situations quickly and with confidence. This trait is
important when entrepreneurs have to make decisions in critical moments. Any of
the decisions made will give impacts on the business. Therefore, entrepreneurs
should be confident with their decisions.
Next,
time competence can be defined as the ability of completing particular jobs or
tasks within the periods that have been planned before. It is important for
entrepreneurs to complete their task according to the schedule that they have
planned.
Perceptiveness
can be defined as the ability to see and understand things quickly rather than
others (Grant, 2013) .
Perceptive entrepreneurs are very good in noticing and understanding things
that people cannot notice and they are good at combining information by using
their senses.
It is
also important for entrepreneurs to have ability to learn from mistakes. People
only can learn from mistakes after they admit that they have made it. In the
process of learning, we can improve ourselves. Entrepreneurs who learn the
lessons from previous mistakes often lead to future success.
Ethical
consciousness is the ability to identify moral and ethical contents. This trait
is considered important in developing the business. Entrepreneurs should always
hold to moral guidelines and make ethical decisions in every stage of business.
Foresight
is the ability to predict what will happen in the future and able to use this
ability to prepare for the future. The practice of foresight in business will
help entrepreneurs to avoid surprises by identifying possible outcomes and
reduce uncertainty in making decisions.
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