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The Characteristics of an Entrepreneur in Today’s Business World

The modern entrepreneur looks a lot different than they did even a decade ago. There are certain characteristics of an entrepreneur that are expected today. The good news is that many of these traits can be developed with time and the appropriate training. Keye Strategies can help you get there, with leadership coaching that takes you into the future of leadership.

One of the most important characteristics of an entrepreneur that you should be pursuing as a willingness to take risks. While we’re by no means suggesting that you go into business taking every leap of faith that presents itself, we are suggesting that calculated business risk-taking is both healthy and necessary for success.

You must also be highly motivated. Running your own business means that you likely won’t be earning a profit for at least 2 years after you start your business. You’re going to need to be highly motivated in order to maintain your path to success. Because you’re your own boss, theres not going to be anyone looking over your shoulder and making sure that you’re working hard.

Entrepreneurs also need to be creative and persuasive. These traits often go hand-in-hand. Understanding your customers and your business partners is a major factor in running a successful business. You’re going to have to convince them to buy what you’re selling. If you can’t pick up on what is going to get them there, you’re going to have a hard time getting your business off the ground. If you can’t do so creatively, you’re going to be spending a lot of money on marketing and advertising that you could be doing for way less.

Finally, entrepreneurs need to be willing to grow. If you’re not willing to stay on top of the business world and what’s new, you’re going to have a hard time keeping up with your competitors. You must be ready to network, to learn, to share, and to understand when it’s time to change your tactics.

Keye Strategies can help you develop the skills required to be a great entrepreneur in today’s business world. Get started today and kick off 2018 right with leadership training and networking opportunities.

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Julie Keyes
Julie Keyes

Founder & Owner at KeyeStrategies, LLC

Julie is a Certified Exit Planning Adviser and Value Growth Advisor with 30+ years of experience. She works with business owners who seek to understand and maximize their exit and critical transition options.