Community//

What Does it Mean to be an Entrepreneur?

In a nutshell, an entrepreneur is someone who builds and runs his/her own business. And while the dictionary definition of what it means to be an entrepreneur is a widely known piece of information, only a few people understand what it means to be in business. Here are qualities that make up the core of […]

The Thrive Global Community welcomes voices from many spheres on our open platform. We publish pieces as written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Community stories are not commissioned by our editorial team and must meet our guidelines prior to being published.
What Does it Mean to be an Entrepreneur? - David Jeansonne

In a nutshell, an entrepreneur is someone who builds and runs his/her own business. And while the dictionary definition of what it means to be an entrepreneur is a widely known piece of information, only a few people understand what it means to be in business. Here are qualities that make up the core of an entrepreneur:

Has a Diverse Skill Set

Entrepreneurs are known for having a diverse range of skills and expertise to effectively navigate the day-to-day and significant picture challenges of their respective industries. Aspiring entrepreneurs should proactively seek out new skills that they can add to their existing repertoire. For instance, those whose background is in finance or economics can use their weekends to learn tech-related skills, such as web design or mobile app development.

Has Absolute Command of His/Her Finances

While rags-to-riches stories of billionaires, like Mark Zuckerberg and Steve Jobs, are great for motivating those with little money to spare, these cases should be more of an exception rather than the rule. Aspiring entrepreneurs should make sure that they are financially stable before taking on a financially demanding project as a business entity. If your finances are rocky, you will have difficulty making the right decisions to move your business forward.

Is Driven By a Deep Purpose

Real entrepreneurs are working towards something they feel genuinely passionate about. While making money is the goal, it shouldn’t be the only factor to consider when deciding what business to get into. Identify what bigger purpose your business serves.

Is Ready to Put in the Work

Anyone can claim that they’re an entrepreneur. But when it comes to putting in the effort of filing and submitting legal requirements, running marketing campaigns on various channels, and working on eliminating bottlenecks on product or service production, they fall short. Be ready to put in the time and effort demanded by your business.

These are only a few of the many qualities an entrepreneur should possess to compete in his/her respective niche. Other attributes that make up an effective entrepreneur include managing risk, leading other people, and selling any product or service to anyone.

    Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

    You might also like...

    Five Things Successful Entrepreneurs Know That You Don't
    Community//

    Five Things Successful Entrepreneurs Know That You Don’t

    by Irfan Haider
    Community//

    Author Michael Dermer: “Emotional Intelligence is Just as Important as any Other Skill”

    by Yitzi Weiner
    Community//

    Byron Johnson – 7 Tips On Becoming An Effective Entrepreneur

    by Mike Souheil

    Sign up for the Thrive Global newsletter

    Will be used in accordance with our privacy policy.

    Thrive Global
    People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

    - MARCUS AURELIUS

    We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.