Entrepreneur Characteristics

Posted by Pierre de la Fortune on September 28, 2015 @ 12:01 a.m.

Written by THE INVESTOR

The death of Steve Jobs saw huge media coverage and an outpouring of emotion across Facebook and Twitter.

For those of us who were geeks before most people had heard of the word let alone before it became a bit cool it was all rather surreal.

Dont get me wrong I was adding to the eulogies, too. Steve Jobs has inspired me since I first encountered the Apple story back in the early 1980s, when I was reading books like The Hackers Handbook and programming my dads clunky PC to simulate a Pentagon computer. It began a love/hate relationship with technology that continues to this day.

Steve Jobs was the inspiration behind my attempts at entrepreneurship, too. If it werent for Jobs, Branson, and a handful of others, Id never have considered that business could be as revolutionary as art or rock and roll.

Most people saddened by the death of Jobs dont think about business like that, of course. They simply buy the products and feel a kinship, in defiance of Douglas Couplands prescient warning that: shopping is not creating.

The genius of Jobs Apple was that he made consumption feel like creating.

Once only a small band of Apple aficionados felt this way when they used Apple products, but now half the world does.

Hence the adulation and grief people expressed at the passing of a fairly ruthless businessman whom theyve never met, and maybe never even thought that much about.

The characteristics of entrepreneurs

One positive side to Steve Jobs death is that many more people will hear his inspirational messages. Perhaps a few will then go on to become entrepreneurs.

My favourite of his quotes comes from his now widely cited speech to graduating Stanford University students in 2005:

Remembering that Ill be dead soon is the most important tool Ive ever encountered to help me make the big choices in life. Because almost everything all external expectations, all pride, all fear of embarrassment or failure these things just fall away in the face of death, leaving only what is truly important.

Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

Yet while many will be inspired to go it alone by Jobs bold words and the driven way he lived his life, others may be less likely to try, because Jobs C.V. reinforces a narrow view of what an entrepreneur should be.

People who might be very credible in business could look at Jobs showmanship and his manic obsession with quality and secrecy and think: Nah, thats not for me.

But that would be very wrong.

The reality is there is more than one way to skin a cat and theres more than one way to skin a hundred cats a week to turn a profit.

Theres no one size fits all entrepreneur. Steve Jobs was no pile-them-high box shifter, Richard Branson is no mild millionaire next door, and Warren Buffett is definitely no gruff Duncan Bannatyne.

And thats worth stressing because the popular medias view that an entrepreneur must be a swash-buckling thrill-seeker or else a dedicated nerd puts off many people from considering starting a business.

Im the first to stress the many reasons not to start a business. But thinking youre missing out on some clichd entrepreneur characteristics isnt one of them!

Role your own mogul

We humans love to categorise, though, and we also like to have role models. Its usually the same for those who start businesses.

True, a few entrepreneurs grow unthinkingly into the role from their everyday activities, while others become entrepreneurs because they just couldnt work for someone else. Theyre unemployable!

Yet even these accidental tycoons usually cite success stories if not outright role models that they admire.

For this reason, Id suggest that anyone thinking about starting a business gets reading. After digesting a few good biographies, youll appreciate theres a wealth of different entrepreneur characteristics, and no billionaire can claim to have even half of them.

Here are ten good books and ten very different entrepreneurs to get you started:

iCon Steve Jobs (Steve Jobs) Losing My Virginity (Richard Branson) Titan: The Life of John D. Rockefeller, Sr. (John D. Rockefeller) What You See Is What You Get (Alan Sugar) How to Get Rich (Felix Dennis) Anyone Can Do It (Duncan Bannatune) [My review] Business as Unusual (Anita Roddick) Enter the Dragon (Theo Paphitis) [My review] Andrew Carnegie (Andrew Carnagie) The Snowball (Warren Buffett) [My review] Like anyone else, entrepreneurs have a huge variety of flaws too, but I think were all best concentrating on our strengths and finding people who can compensate for our weaknesses, rather than trying to do everything.

That said, you can flip most entrepreneur characteristics to reveal a potential failing so risk-takers can be overconfident, numerical people too obsessed with detail or budgets, and so on.

Finally, I dont think a huge desire for money is the defining characteristic for most entrepreneurs.

Obviously itll be in the mix for many, but there are quicker and easier ways to make a bit of cash than starting a business if thats your main goal.

Most people driven primarily by money will go into sales, property, or finance, depending on their aptitude, rather than risk having no money at all due to a failure in business.

And theres no shame in that, as long as its true to their desires. As Jobs (and many before him) also said:

Your time is limited, so dont waste it living someone elses life.

For more info please visit:http://monevator.com/2011/10/07/entrepreneur-characteristics/

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10 Books Must Read

iCon Steve Jobs (Steve Jobs) Losing My Virginity (Richard Branson) Titan: The Life of John D. Rockefeller, Sr. (John D. Rockefeller) What You See Is What You Get (Alan Sugar) How to Get Rich (Felix Dennis) Anyone Can Do It (Duncan Bannatune) [My review] B

Nice Quote from Mark Cuban

Creating a close connection to those you do business with has its many risks, rewards and consequences. There are few things in business I have encountered that are more difficult than firing someone, particularly if that someone has always been, or has b

Damn good video

Awe us apple heads miss you sir... -Omar

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