Geoffrey byruch five trails of a successful entrepreneur

5 Traits of a Successful Entrepreneur
Geoffrey Byruch


What is an Entrepreneur?
Entrepreneurship is the development of a business from
the ground up. It begins with coming up with an idea and
turning it into a profitable business. While it seems simple,
this definition can only scratch the surface of what it is to
be, execute, and succeed as an entrepreneur. As an
entrepreneur, you need to explore and quickly learn the
skills of finance, budgeting, cost analysis, risk
management, management itself, marketing,
communication, and leadership. While all of these tasks
may seem daunting, they are the necessities in building
and operating a strong successful business.


Entrepreneur

Many of us want to be the next Steve Jobs or
Mark Cubans. In this presentation, you will
find out what it is to be a successful
entrepreneur.


The Big Five
So what makes an entrepreneur different from that of an
average-Joe? What je ne sais quoi enables an entrepreneur to rise
above the rest? Below you will find five traits that all successful
entrepreneurs share.

1. Imaginers
2. Risk Takers
3. Adaptive
4. Leaders
5. Communicators


1. Imaginer
As an entrepreneur, you need to see
the world differently. Where others
see problems, you must see
solutions. Remember, as an
entrepreneur, your company, your
passion, and your life simply starts
with that one little idea. Once that
idea is planned, it doesn’t stop there.
You need to imagine and envision
what your future holds. You need to
foresee the next hundred steps
before you make any move.


2. Risk Taker
Going into either an untouched market or a competitive market
has high risk in both. You can find yourself with a great product
but no customers or the in a field flooded with almost identical
products. These are the risk you need to understand before
deciding to be an entrepreneur. Begin by assessing your
situation. Understand what the risk may be and then decided
from there. If you still feel passionately about the overall project,

start by building a business plan. While things may work for a
while, time usually does catch up with all things. Do not be
afraid to take a change and change something you feel will best
position your company and its people in the right direction.


3. Adaptive and Persistent
From the growing pains of starting a
company, to scaling to a small business,
and then to an entire corporation is not
an easy task. Your mentality as a leader
needs to be constantly changing and
adapting to the overall roles. In the
beginning stages, you know you are
simply growing an idea. But once the
business starts growing, you need to
learn how to manage a variety of things
such as the finance, the marketing, and
most importantly, the people. Having
this adaptive and persistent nature will
push you in the long run.


4. Leaders
There may not be an ‘i’ in team, but there certainly is one
when you talk about a leader. As an entrepreneur, you are
the one everyone looks to. You are their burning passion
and inspiration. Whether it is for marketing or production
ideas or just simple management, you need to be able to
voice out your opinions in the most clear and effective

manner. Your logistical skills and delegation in every
department is crucial for their success. Having this type of
personality will allow you to communicate to a variety of
people who can help develop the vision of the company.


5. Communicators
Entrepreneurs should be able to
explain, discuss, sell, and market
their idea to both their
employees and their customers.
This will help inspire the vision
to both groups and eventually
allow for a well-oiled machine.
Remember think logistics. If
you’re having trouble explaining
something, internalize it again
until a child can understand it.