Entrepreneurship is a place of uncertainty. That is the key difference between a successful entrepreneur, a semi successful one and a non-entrepreneur. Deciding which risk is much profitable long and short term is very key.
Apart from dedication, an entrepreneur has to be dogged and relentless. He is aware he will fail at many things or have to do very hard things. He knows that he has to take some decisions quickly. He requires intense focus on and faith.
Quick Thinkers and Decision Takers
Unlike working for a company, an entrepreneur has to be the one who thinks on his feet and make fast decisions.
Adaptable and Flexible
The entrepreneur don’t have the luxury of blaming someone else. He cannot stew about a misfortune for too long. He picks himself up, adapt and adjust the plan. Successful entrepreneurs welcome all suggestions for optimization or customization that may enhance their offering and satisfy client and market needs.
They Know A Lot
An entrepreneurs knows the product very well. They are thorough in their study of the market. Inadequate knowledge of changing market needs, competitor and consumers can cause great products to fail.
Any entrepreneur who fails to plan for present and future financial obligation will fail. Even after securing funding or going fully operational, a successful businessperson keeps a complete handle on cashflow, as it is the most important aspect of any business