entrepreneur: Do you have the DNA to be an entrepreneur?

New idea, great effort, luck and good time. The sum of all this can lead to success in business. But what is an entrepreneur? What drives them? What characteristics best describe them?

If you want to go on a business trip, which is no doubt a challenge; It is wise to look within yourself and become more aware of your personality so that you can channel your strengths and overcome your weaknesses.

Researchers were interested in and studied personality traits of entrepreneurs using the Big 5 personality approach, which is considered the most scientific and modern. Research has also found that genetic factors determine some of the differences in becoming an entrepreneur. People with different variants of certain genes have different opportunities to develop certain personality traits. These genetically influenced personality traits in turn influence the likelihood of a person becoming an entrepreneur.


Let’s take a look at some of these features and implications
First of all, to start a new business, you have to be very open-minded. Openness is a measure of a person’s creativity, imagination, intellectual curiosity and preference for novelty. Ask author and inspirational speaker Simon Sinek, who believes that business owners are essentially problem solvers. If you tend to be overly cautious and prefer routine and stability, you may lack the risk appetite needed to deal with the highly turbulent environment that startups create.

Also Read :  Fed minutes, Bank of Korea decision, Sri Lanka

While it’s great to have unique ideas, entrepreneurship requires action, not just dreaming. A high degree of awareness is important for long-term success. Successful founders must have a can-do mindset and be action-oriented. A lack of self-efficacy or an inability to manage your to-do list can cause you to abandon projects as their excitement fades or they become tangled in chaos. Whatever you call it—perseverance or willpower—successful entrepreneurs keep moving forward in the face of challenges and setbacks.

Also Read :  ‘3 side hustles you can start for $50 or less’

Entrepreneurs are very diverse, so there are different opinions about the acceptability of their personality studies. Most studies show that entrepreneurs tend to have low levels of agreeableness, while other studies show that agreeableness has a positive correlation with entrepreneurship. Being an innovator means you take a step that no one else does. This is why many people would advise you not to do what you want to accomplish. While it would be very important to stick to your beliefs and ideas, it will be just as important to take people with you on the collaborative journey.

You need to be a persuasive, passionate salesperson at heart to be able to regularly convince and sell your big idea to people – without any external push. High extroversion makes it much easier for you to promote your concepts to large audiences and build relationships with clients, partners, and other stakeholders.

Also Read :  Honour killing survivor Kausalya Shankar becomes entrepreneur, wants to help other women

Needless to say, there is a high degree of uncertainty, which can naturally lead to high levels of stress in anxious people. Low neuroticism or emotional stability will be very helpful in overcoming stressful situations and the lows that business can bring.

Being an entrepreneur requires an optimism gene. A combination of extraversion and low neuroticism. Are you a confident person who believes that bad times will pass and good things will happen? Do you see opportunity in every difficulty?

Finally, the most important consideration before starting a business is your passion. If you are not passionate about your idea and vision, how will you sell it to your investor or customers? And passion isn’t just a quality – it’s at the root of several qualities, such as creativity, flexibility and salesmanship.

(The writer is the founder and CEO of GENLEAP)

ETRise MSME Day 2022 Mega conclave with industry leaders. Watch now.


Leave a Reply

Your email address will not be published.

Related Articles

Back to top button