What makes a good entrepreneur?

Several different qualities make a good entrepreneur. Effective and successful entrepreneurs typically have a variety of traits, skills, and a certain type of mindset. Here are some of the most essential characteristics that make up most good entrepreneurs:

• Boldness of vision

A good entrepreneur has a bold and clear vision that can be translated into an actionable long-term business plan. These professionals usually can see the big picture and macro elements that relate to their industry, product, or service, and this enables them to capitalize on future developments and trends.

• Passion

Many great entrepreneurs are extremely passionate about their areas of focus and their business overall. They often have a propelling sense of purpose that drives them to achieve their goals and create long-term successful businesses.

• Resilience

The world of entrepreneurship is often unpredictable and difficult, that's why most good entrepreneurs are resilient. They can get up quickly after they falter and view challenges more as opportunities for growth, rather than as insurmountable obstacles.

• Ability to take calculated risks

• Self-starter mindset

Entrepreneurship is all about being self-made, from the ground up, and these professionals need the right self-starter mindset to bring their innovative business ideas to full fruition.

• Innovative

Many successful entrepreneurs are expert problem solvers and innovators. They use creativity to think outside of the box and tackle the development of new products or services head-on and fearlessly.

• Flexible and adaptable

When a market's conditions change, entrepreneurs must be able to pivot deftly and quickly.