Becoming an entrepreneur can be an excellent career move. If done right, it can spell financial independence for you. However, not everyone succeeds when they set out to build their own business ventures. So if you want to make it big, it would help to know the successful entrepreneur qualities that aided several personalities who found triumph in the paths they carved for themselves.
This article will look at the most common characteristics of seasoned entrepreneurs which
can help you when you’re starting a small business in the Philippines.
Top 5 Successful Entrepreneur Qualities
We have listed here the top five qualities that a successful Filipino entrepreneur must-have.
Communication Skills
An entrepreneur is a salesman first and foremost. The art of selling is all about proper communication. You need to convince people to buy your products or to get your services. In order to do those effectively, you need to have strong communication skills both in writing and speaking.
After all, it doesn’t matter even if you have the best product in the world if you cannot communicate why people have to buy it.
Leadership Skills
You can start a business on your own, but most likely you will need some help. The people you hire will be looking to you for leadership.
As a business owner, the kind of leadership you will determine the success or failure of your enterprise. Poor leadership might lead to your team becoming demotivated. A good leader is someone who can bring out the best in his employees.
Self-discipline
In the United States, more than 18 percent of all businesses fail in their first year. More fail in the years that follow. In the Philippines, the failure rate of businesses is probably the same, if not higher. However, this shouldn’t stop you from taking risks.
The problem with some business owners is their lack of discipline. They want to reap the success of their businesses when it hasn’t come yet. So, you need to develop the self-discipline not to make the same mistake.
Willingness to Learn
While it’s not a requirement that you study business in college to become a successful entrepreneur, it will surely bode well for you to have an edge over your competitors. Earning a degree in Bachelor of Science in Entrepreneurship can be a definite advantage.
On the other hand, even if you majored in business, there are a lot of things that you need to learn about running a business. You must be receptive to all kinds of learning in order to succeed.
This should not be limited to the different approaches to running a business. You should also be up-to-date with the latest trends in the industry or niche you decide to focus on, be it sustainable fashion, food and beverages, or finance technology.
Has a Customer-Centric Approach
Customers are everything for a business. As an entrepreneur, you need to have a customer-centric mindset. This means that you must put your customer’s needs ahead of everything else about your business.
Ideate your business approach, design your product, run digital ad campaigns, and carry out your services in ways that best address the needs of your target market. Always remember that the reason why you are in business is that you want to serve their needs.
Develop Your Successful Entrepreneur Qualities at CIIT
These are some of the successful entrepreneur qualities that you need to know. You can learn so much more about the exact art and science of putting up your own business. Apply for the Bachelor of Science in Entrepreneurship program at CIIT Philippines, and see how you can build towards business success all on your own.
For more information on the BSE coursework, visit our website today.
