5 Key Traits for Entrepreneurs

No one wants to be an employee their whole life. Even reaching the promised land of C-level nirvana doesn’t quite cut it like being the top dog of your own organization. For most, the quest doesn’t start with orchestrating a takeover of the company you work for, it’s starting your own.

Unfortunately, not everyone’s cut for entrepreneurship. The Wall Street Journal ran an article of five questions any budding entrepreneur should ask oneself. Quite a handy guide, I might say.

Paraphrased, here are the key abilities that any entrepreneur should have (with comments):

1. Passion – Being an entrepreneur means that you should be able to effectively market and sell your product or service. Many might have the gift of gab but nothing helps a salesperson more than having the belief and passion in the product or service he or she provides.

2. Risk Taking – It might mean taking out a loan or using your life savings. Quitting your full-time job perhaps.

3. Decision Making – Decisions have to be made and some trickier ones need to be made not only swiftly but also smartly.

4. Multitasking – You might not have that large a capital to be able to hire people for various positions, so be prepared to be able to take on several responsibilities at a time.

5. Stress Tolerance – Putting up a business takes real time and effort. Establishing organizitions are tough and growing pains are inevitable so better be sure you can take risks and absorb unfavorable consequences.

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