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5 Signs You Could be an Entrepreneur

Author: Casey M Fryda

Wednesday February 10, 2016

This weekend at NWTC, entrepreneurs will gather for Startup Weekend to learn how to make their small business ideas a reality. We caught up with Ross Stainton of NWTC Corporate Training to ask what characteristics might help someone succeed. Here's what he had to say. 

By Ross Stainton, Project Specialist, NWTC Corporate Training
 
CTED Corporate Training NWTC Ross StaintonLately, it seems everyone wants to become an entrepreneur. Hollywood shows us overnight millionaires. News stories feature CEOs who started with a one-person shop and a dream. The very public financial successes of tech companies such as Facebook, Uber, Instagram and Snap Chat have people looking for their piece of the entrepreneurial pie. But not everyone finds long-lasting success. There are certain traits common to many successful entrepreneurs.

Here are five traits that may suggest that you have what it takes.  

1. You’re Obsessive:  Once you get started on an idea, you don’t let go.  You easily lose track of time when working on ideas and projects that you are passionate about.

2. You Resist Authority:  If you could choose, you’d prefer to ask for forgiveness rather than permission.  You’re not a bad person, you just realize that the way things are doesn’t mean that’s the way they always have to be.  From the time you were 3 years old you asked “why”, and “because I said so” was never a suitable response for you.

3. You’re Somewhat Introverted:  Executives from Larry Page of Google and Mark Zuckerberg of Facebook are some of the most well-known introverted entrepreneurs around. Introverts tend to be better listeners, which not surprisingly, is an essential skill for top leaders.

4. You’re Stubborn (But Flexible):  You don’t take no for an answer and you don’t let other people’s thoughts and opinions cloud your vision of what you are creating.  With that, initial validation of your idea needs to be flexible.  What you want to create doesn’t always end up being precisely what the customer actually wants.  Look at Twitter for example, whose origin spun off from podcasting company Odeo.  

5. You Take Action:  A true entrepreneur is a doer, not a dreamer.  Action is, above all else, the most important skill of entrepreneurship.  Many people have great ideas, but for whatever reason, something is holding them back.  You’re ok stepping out of your comfort zone, and once you do, you’re energized and motivated by it. 

Of course the list goes on, and even if you don’t exude all of the above traits, you could become a successful entrepreneur.  Take your time, find resources, and above all else, take action. 

Speaking of "Take Action"...

If you want to take your first steps toward action and join like-minded people on your entrepreneurial journey, we’d love to see you at Startup Weekend-Green Bay, February 12-14 at NWTC. Startup Weekend is a 54-hour frenzy of business model creation, product validation and designing.  Find other entrepreneur resources at www.NWTC.edu/ERC.
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