27 Apr 2022

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Entrepreneurial Personality Traits and Behaviours

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Academic level: College

Paper type: Essay (Any Type)

Words: 687

Pages: 2

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Conventional wisdom seems to suggest that only the Type As that is those who are hyper-organized workaholics and the overachieving that could launch successful businesses, contrary to that, Type As are less likely to take the entrepreneurial risk. However, entrepreneurs can be guided to success. This could be achieved by harnessing key attributes that are associated with entrepreneurs. At any stage of life, an entrepreneur can emerge, and they are not limited by any character traits, or any grade point average. Unlike corporate managers, entrepreneurs score higher on characteristics such as being open to new experiences, being motivated and self-disciplined, and are better at tolerating stress among other traits. Using five attributes which are, being focused and committed, coping well with uncertainty, positive outlook, opinionated, and autonomous, this report contains a description of self in such entrepreneurial terms while giving an example in each. 

Being a focused and committed entrepreneur, when a situation comes and am almost giving in to pressure, and it's like the other business are growing while mine is on a standstill, I ask myself, What is holding me back? What is it that could be stopping me from doing and being the best? For example, when a runner is about to get to the finish line, and the other runners are on his heels, old mental patterns may set in, and they begin to fade away, and he starts to give them the lead. When they realize that nothing is holding them back to beat the other runners and starts to give all he's got, with unrestrained effort, he runs in the edge of collapse giving every last drop of energy he dashes past them and makes it to the finish line. The same thing works for an entrepreneur. I focus on the goal that I want to achieve and remain committed to what I need to do to attain just that.

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Another attribute I that think is essential and that I practice coping well with uncertainty. This is a trait that will always help an entrepreneur to stay happy and less anxious. With the ever-changing business aspects and the economic situation. Anything may come up in the business world. The various ways to cope well with uncertainty, for example, being confident with one's dealing and adapting skills, focusing on what you can control, making plans that replace expectations and also practicing stress reduction methods such as keeping fit and eating healthy.

Several times I have felt like I have worked on myself and am ok, and I have no negative stories of other people and external forces getting in the way of my business yet things are not working out as I would like them to. The reason as to why not then why is are always within my reach to make the business the way it should be. This entails having a positive outlook that is an essential trait of an entrepreneur. Entrepreneurs end up with dire consequences when they forget they have the power to think positively no matter consequences. When this happens to remember you have the ability and joy is not dependent on conditions.

When I was starting the business, I dreamt that by doing so, achieving financial freedom and financial freedom was a sure thing. However, eventually, I learned that the success of a small business could sometimes hinder time freedom. This is when an entrepreneur fails to set up the systems that are needed to run them. To achieve autonomy as an entrepreneurial build yourself an excellent team so that you can trust them and you will not have to follow them around, and they do their jobs independently, execute flawlessness in your business and empower your team. Make repetitive tasks efficient and lean so that you have the time freedom you need.

When I was starting out my business, I got a lot of opinions on how I should do it, some of the advice even came from people who had run successful businesses. But in the long run, I knew that only my opinion would matter because it is I alone who knew what my goal was. Being an entrepreneur, it is essential to be highly opinionated. Adhere to your own opinions, stand for what you believe in and be assertive.

To be a successful entrepreneur, there is not the right answer but traits and behaviors that when put together, result to for excellent outcomes for the business. To me, the features and behavior have been, being focused and committed, coping well with uncertainty, positive outlook, opinionated, and autonomous, and they have always worked for the growth of the business. 

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StudyBounty. (2023, September 16). Entrepreneurial Personality Traits and Behaviours.
https://studybounty.com/entrepreneurial-personality-traits-and-behaviours-essay

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