Dreaming about starting your own business? Your idea may look good on paper – but do you have what it takes to implement it? And more importantly, are you prepared?

The best entrepreneurs share a number of characteristics, from determination and perseverance to self-confidence and passion – all crucial to building a successful business.

 

Here are three key characteristics you will need to be a successful entrepreneur:

 

1. Determination

You will need plenty of determination and drive to turn your idea into a viable business. No matter how hard things get, or how badly you want to give up, you have to keep on going. Even if it means working while your friends are enjoying the local happy hour. Determination is simply not giving up.

 

2. Passion

Finding your business passion will give you the energy and enthusiasm you need to stay on track, will help you push through the hard times, and will help you come up with solutions when it feels like you’ve hit a wall. Will passion ensure your success? No – but it will play a vital role in helping you achieve your goals.

 

3. Vision

Entrepreneurs have the ability to spot an opportunity, and to imagine something others haven’t. It’s important to have a vision – it will help you focus on your big goal, especially when it feels like there are more obstacles than anything else.

 

4. Planning Skills

You have your vision, you’re passionate about it, and you’re prepared to work hard to reach your dreams. But your goals can’t be achieved without proper planning. Before you start your business, you need to ensure that you have all the right foundations in place. Will your business fulfil a need in your area, and thereby attract customers? Do you have enough funding in place to start and maintain the business? Will you need to employ staff to carry out certain roles? These are some of the things you will need to consider and include in your business plan.

 

5. People Skills

Entrepreneurs need to be able to interact effectively with a wide variety of people. You might need to approach potential funders to convince them that your business is worth investing in. And you will need to be able to communicate effectively with both your staff and customers. Successful entrepreneurs also seek to gain advice from successful people in their field.

 

Think you have what it takes? Make your dreams a reality by getting the business skills you need with an entrepreneurship course from Oxbridge Academy.

 

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