The right and wrong traits of entrepreneurs

The right and wrong traits of entrepreneurs



Some individuals think they have what it takes to start and run their own company, only to discover this level of responsibility is not for them. This is why the results of an aptitude test can be so vital to prospective entrepreneurs.

After taking this type of assessment, individuals will be able to see if they possess the qualities entrepreneurs would benefit from having, such as an independent attitude, creativity and a persuasive personality. These traits, as well as the ability to negotiate and take risks, are all considered to be essential qualities for entrepreneurs, according to the U.S. Small Business Administration.

Then, there are the traits prospective business owners should not possess, such as an inability to take chances.

"Risk-averse individuals that take any level risk will often … be paralyzed by the stress of the day-to-day tidings of what's needed to grow a business," Scott Gerber, founder of the Young Entrepreneur Council, told CBS MoneyWatch.

Those who lack the ability to dream up ideas and cannot live without a steady paycheck are also unlikely to have bright futures as entrepreneurs, the news source reported.

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