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5 qualities that will make you a great entrepreneur

Lots of people have aspirations to set up successful companies, but relatively few actually take this step. So, what is it about certain individuals that enable them to realise this ambition? If you’re wondering whether you’ve got what it takes to be an effective entrepreneur, keep reading. Here are five qualities that could help you achieve your goal.

  1. A tendency to challenge the status quo

One man who knows exactly what’s needed to succeed in business is Chris Niarchos, Appco Group founder and chairman. In a blog post outlining some of the traits that help to make effective entrepreneurs, he noted that a tendency to challenge the status quo can prove useful. He pointed out that while in many work settings it’s important to follow instructions and fit in with company structures, entrepreneurs often have a desire to challenge the rules and devise their own ways of doing things. According to Chris Niarchos, this predisposition to question things can help businesspeople to spot opportunities where others see only problems.

  1. Attention to detail

Attention to detail is another important trait. Even a slight lapse in standards can cause significant harm to a company’s prospects, so it’s essential that entrepreneurs ensure every element of their business is up-to-scratch. From the name and logo they choose to the quality of their customer service and the efficiency of their day-to-day operations, businesspeople have to strive for the best in all areas.

  1. Determination

It’s virtually unheard of for businesses to achieve lasting success without hitting some bumps in the road. One of the things that differentiates the best entrepreneurs is the determination they have to keep going even if they encounter difficulties. Whether they hit a patch of weak sales, they experience logistical problems or other issues arise, these people have the resilience to withstand the pressure and keep going.

  1.  A willingness to take risks

It’s often necessary for people to take risks in order to meet their entrepreneurial objectives. For example, they might have to put potentially large sums of their own money on the line in order to get their companies off the ground. The fact is, many of today’s top entrepreneurs wouldn’t be where they are now if they hadn’t put something important at stake along the way.

  1. Confidence

No one starts out as a business expert. Everyone – no matter how much money they’re making now and how large their companies are – had to start somewhere. Having the self-belief needed to take that first step into the unknown is therefore essential for budding businesspeople. The most successful individuals are not deterred by the challenges they may face, but instead have confidence that they’re equipped to deal with them.

Possessing qualities like these could help you to follow in the footsteps of success stories like Chris Niarchos of Appco Group. However, bear in mind that there are no set rules when it comes to what makes a great businessperson. All sorts of attributes can help you forge a successful career in commerce.