Must-Have Qualities for an Entrepreneur (Part 3)

4. Vision;

An entrepreneur of necessity should be a visionary. You should constantly have your mind seasoned enough to be able to see the future of your business, see the possibilities and opportunities when they come your way. You should be able to see and set achievable goals for your organization/business to take it to the next level, and always be a step ahead of your competition. A business without a vision would always remain stagnant.

 

5. Commitment:

Absolutely anyone can have a good or even great idea. Almost anyone can take steps to implement their ideas. But commitment is a major factor in determining the end of their great ideas. Not everyone has the discipline to follow through. Lack of commitment causes people to give up on their dreams, ideas, or goals. It’s not enough to start something and see the future… You require the discipline to stay and be committed to see success in your ventures.

 

6. Focus:

Focus definitely seems similar to commitment, but the difference I would like to point out here, is about staying in your lane. Focus helps you stay committed to not being the “Jack of all trades”. Sure!  You could thrive in various industries, but your focus helps you manage your attention and timing appropriately.

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Qualities of a Good Business Partner

Here are some Qualities to look out for in choosing a Business Partner;

  1. Sincerity; this is usually the most challenging quality to find in a partner, and it is however one of the most important qualities needed.
  2. Open mindedness; It is quite important to partner with someone who is open to change and different ideas… As such ideas could help take the business to the next level.
  3. Risk taker; This could almost be similar to be open mindedness, however it is not just enough to welcome an idea, but a totally different game when decisions and steps need to be taken to follow through on an idea or opportunity.
  4. Complimentary; In every form of relationship and partnership, it is necessary for the partners to compliment each other. Look for a partner who you is not easy to relate with, but one is can also make up for your lapses and weaknesses.
  5. Passion; Like I stated in “Laying the Right foundation”, passion is a necessary foundation to start up a business. And hence in working with a partner, you need to be sure that your partner has passion for the aim of the business.
  6. Commitment; This is another vital point, that can only be got from passion. A partner who has passion for the business, is more likely to be commit him or herself to trthe growth and development of the business.
  7. Good communicator; it is one thing to have a knowledge or passion for something, and it is another thing to be able to express or communicate effectively. Communication here may not just have to do with presentations or pitching, but also between you and your partner. You can only successfully work together when, there is healthy and effective communication and understanding.
  8. Team player; it is possible for one to have passion, be a great communicator, and have the above mentioned qualities, but is just not a team player. This could simply be as a result of the person’s previous experiences of working alone on projects.
  9. Self Confidence; An insecure partner will generally be unableto deliver his full potential, when he is not confident of himself. It would also be difficult to have such a person interact with clients
  10. Forward thinker: Every team needs a forward thinker. Someone proactive and always thinking of solutions before the problems come.
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