Entrepreneur Characteristics – The 5 “C’s” of Success

Mompreneur, dentist, franchisee, CEO, brick and mortar retailer, E-commerce Business Owner, Service Provider? How do you define yourself?

Merriam-Webster dictionary defines an entrepreneur as “one who organizes, manages, and assumes the risks of a business or enterprise.” That’s true, of course, but this definition doesn’t tell the whole story—namely the entrepreneur characteristics that define their success and, more importantly, the intrinsic drive it takes to achieve that success.

There are 5 entrepreneur characteristics that are common among anyone who strives to start and run his or her own business. These characteristics are found in entrepreneurs at any age, in any industry, and at any socioeconomic level.

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Did you know this?

Challenges and Opportunities are Abundant Men in their thirties are earning less than their fathers earned at the same age. That’s the disheartening news I read in the LA Times (Sat. May 26th, 2007) that cited an ongoing study called the Economic Mobility Project. Opportunity for advancement and increased income would appear to abound in this time of innovation and new business development. However, earnings figures show that earnings opportunities for young men are slow to develop upwards due to competition with healthy baby boomers and savvy businesswomen. What does this mean for young men (and frankly, women too)? Where there is challenge, there is opportunity. You can sharpen your awareness for opportunity and find the efficiency gaps in your work place. Leverage your strengths maybe they include creativity, technological savvy and a willingness to learn. Identify them and then let your boss know you’re ready for more responsibility… Read More