26 Indicators That You Might Become a Great Entrepreneur

Successful entrepreneurs have different personalities, yet, we believe that there are some common characteristics that increase the likelihood of success substantially.

1. Enterprising - the first useful trait is showing initiative. When people are annoyed about something, they complain to their friends on social media etc. We all do. But some people may afterwards say "OK, no more complaining. let's fix it instead!" And then they come up with a proposal for a solution. “Let's do it!” Such initiative is one of the typical features of entrepreneurs.

2. Inventive - in parallel, entrepreneurs often tend to think of continuous improvement. For example, when entrepreneurs enter a restaurant, they might immediately consider how to improve it.

3. Self-motivated - one of the most important attributes is arguably that they are self-motivated – i.e. they can work persistently without being ordered to do so.

4. Passionate - all start-ups include hard work, and it's hard to be self-motivated in the long run, if there isn’t a significant part of the project, which the entrepreneurs really enjoy doing or are dying to see succeed.

5. Impatient - they are impatient to see the end result - and when the results are achieved; they immediately become impatient to improve this result.

6. Fast - they have an ability to work really fast. Great entrepreneurs tend to think quickly, decide quickly and get daily problems shot down as if it were with a machine gun, probably to some degree because they are impatient and passionate.

7. Confident – they thrive with uncertainty. Entrepreneurs are mentally geared for speed, chaos and uncertainty.

8. Resistant - they are resistant to adversity.

9. Forward-looking - typical entrepreneurs look forward and do not dwell on the past.

10. Diligent - they have professional pride and therefore they do everything in the best possible way, even if the work is not interesting or particularly important for them. If for example, they have boring jobs during their studies, they even try to perform these very well.

11. Focused - they can immerse themselves in a task.

12. Curious - they are “what-happens-if-I-press-this-button?”-types.

13. Cooperative - people who think that everyone else are idiots rarely find it easy to be part of teams or build good social ecosystems. Trust-but-verify is a better attitude, which means that you should trust people, but still conduct sanity checks.

14. Persistent - when everything starts to fall apart, they are still working – very hard. This accounts for most top athletes as well, by the way.

15. Enduring - and along with this strength of character is also that you can postpone a potential reward; a willingness to work hard for years for a reward, which may, or may not, come in the future.

16. Hardened - it is also helpful if entrepreneurs in their youth have tried quite low-paid jobs, as this makes them more earthbound and helps to put their struggles in a clearer perspective.

17. Optimistic - entrepreneurs are typically also more optimistic by nature than the average human being. Although they do not know what their job will entail, they have a fundamental belief that they will manage to grow and learn with the assignment.

18. Intuitive - they see the forest; not only the threes. The most popular professional personality assessment is probably the Myers-Briggs Type Indicator, which divides people into 16 different personality categories. Regarding information, they are distinguished based on whether they mostly focus on the basic information they take in, or whether they are more interested in adding meaning to it. The former is called a “sensing” personality and the latter an “intuitive” personality. CPP Inc., which is the company that publishes the Myers-Briggs Type Indicator assessment, published in 2017 a study showing that entrepreneurs were on average far more intuitive than sensing. Entrepreneurs tend to focus on seeing the greater patterns and the bigger meanings.

19. Perceiving - another main dimension in Myers-Briggs is the mental structuring of the outside world: Do you prefer to take a final view of things once and for all, or do you prefer to stay open to new information and options? The former mentality is called “judging” and the latter “perceiving”. The study found that entrepreneurs were far more likely to be perceived than judging.

20. Rational - they are “thinking” rather than “feeling”. Thinking people will, according to the MyersBrigg definition, largely base their decisions on objective principles and impersonal facts, whereas feeling people are more moved by personal concerns and the people involved. Thinking people are thus more rational, and this applies to average entrepreneurs.

21. Creative - according to this study, entrepreneurs show far higher orientation for creativity than average people.

22. Extrovert - they also exhibit more extroversion.

23. Risk-takers - and they are comfortable taking risks

24. Impulsive - they don’t hesitate to implement ideas.

25. Autonomous – they work well without guidance.

26. Weird - finally, it must be said, that it is a significant preponderance of people with personality disorders among entrepreneurs. A large psychological study of entrepreneurs showed a markedly elevated tendency to have depression, substance abuse, ADHD and bipolar personality deviation, while half of them had close relatives with hereditary personality deviations. The consequence is that some of those who were perceived as a bit weird in school amazed their young friends’ by later becoming entrepreneurial stars. Perhaps many entrepreneurs also tend to fanaticism and savagery that makes them strive to achieve the target, regardless of the personal cost and the outside world's response. As an entrepreneur, you typically need to be able to piss off some people and keep going where most people would stop.

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