Wednesday, May 27, 2009

An entrepreneur is a person who has decided to take control of his future and become self-employed—whether by creating his own unique business or working as a member of a "team," as in multi-level marketing.

There are several character traits and work ethics that are common to successful entrepreneurs.

Entrepreneurs are careful about money. They always know how much money they have. They know the value and cost of things so they can recognize a real bargain. Most entrepreneurs earned money when they were teenagers — babysitting, mowing lawns, delivering newspapers, sacking groceries, etc.

Entrepreneurs are competitive by nature. Many were active in sports and other competitions in high school and college. Others were competitive in wanting to make good grades, earn the respect of their parents and teachers and achieve their goals.

Entrepreneurs believe in the old adage, "the early bird gets the worm." They sleep and eat enough to maintain their energy levels but they don't usually linger over non-productive tasks.

Entrepreneurs are risk-takers who trust their hunches and act on them. Taking risks can be small first steps, like placing your first ad in a mail-order publication.

Entrepreneurs have a "head for business." They are always thinking of new ideas and new ways to make money or increase their business. They are not afraid to put these ideas to use.

Entrepreneurs are usually loners rather than joiners. That's one reason why the home-based, mail-order business is so appealing to many entrepreneurs. They prefer a solitary work environment.

Entrepreneurs are usually honorable people who do business based on a handshake or a promise. They tend to form strong associations with others who share this work ethic.

Entrepreneurs do set aside time for leisure activities and family. Their principal form of relaxation is their work, but they do realize the importance of downtime and spend time with their family.

Originally Published at