Not everyone feels the urge to start a business or develop a new project. However, not everyone who has that impulse has the skills required to take that idea forward. These skills can be defined as entrepreneurial talent.
Some researchers highlight some characteristics that conform what we understand as entrepreneurial talent. These include enthusiasm, perseverance, and dedication. However, other traits can be even more important, like the ability to make decisions.
In this sense, business focus and decision making based on market observations are key to success. This talent is linked to long-term vision and focuses its decisions on numbers and profits.
They make decisions based on results, so they are more likely to succeed.
But what are the qualities to become a good entrepreneur?
They are leaders. Entrepreneurs develop leadership skills, recognize the abilities of others, have the capacity to delegate and recognises the impossibility of doing everything. They know where they are going and where they want to go. They have a vision and starts to build a team to accompany him, so that they can meet their goals together.
They invest in themselves. Entrepreneurs are people with knowledge in many different fields. An entrepreneur must know, at least the basics about all the subjects, and then go on to create the necessary functions. All this implies an investment in oneself, the continuous search for knowledge through information that is relevant to one's activity. In this way, the knowledge acquired through this information allows them to gain a competitive advantage by anticipating difficulties.
They are disciplined. Determination defines the ability to face adversity and quickly recover from setbacks. They are people who feel they can get ahead and do not give up in the face of adversity. They have great tenacity and react quickly. You must be very meticulous about everything that happens around you.
They plan. We start from the premise that everything requires a double creation. The first one is mental and the second one is physical, so for a business that is a physical creation, there must be a mental creation, a plan that the entrepreneur must develop to answer the most relevant questions of the business: where do I want to get to, where do I want to place my business?
They are motivated. Passion and perseverance are innate characteristics of entrepreneurs. It's about getting things done, even if you don't feel like it. In this sense, motivation is a must. It is important to work on a self-motivation that comes from within; a pressure that comes from within to execute what you have to do, because the business depends on those small decisions.
They care about their team. This becomes especially important when the organisation starts to grow. Today, many of the problems faced by organisations ranging from small to medium sized is that they can't retain talent and they don't retain talent because of a lack of leadership expertise in developing talent.
They capitalise their failures. Part of our growth as entrepreneurs is based on having made mistakes but knowing how to capitalise on them. Mistakes do not always lead to failure; there are mistakes that lead to success or, simply, to realising that this path is not the right one. The ability to take risks is an indispensable factor in every entrepreneur.
If you have ever felt the urge to create something out of nothing, dreamt of building your own business and you define yourself as a persevering person, you may have an innate talent for entrepreneurship.
But is there really such a thing as a natural entrepreneur? What is true is that there are personality traits and capabilities that make some people feel that desire to start up a business and the determination to achieve it, together with some skills that will help them reach future success in their endeavor.
Enthusiasm, perseverance, the ability to make decisions... There are many skills that help you successfully start and develop your own project. The good news is that you don't have to have them all. What's more, many of them can be learned, developed and perfected through experience.
At IVC we can help you with the entire launching process with Startup in a Box. We deploy in an agile, efficient, and professional way the basic operational processes that every successful company needs from the moment it gets off the ground.
If you want to exploit the full potential of your business idea with an expert and reliable partner, contact us.