A successful founder or entrepreneur can come from any facet of life: geographic locations, upbringings, social classes, as well as education levels. However, there are certain traits and abilities that they possess: being contrarian, open-minded, passionate, diligent, and having the ability to manage and market.
Contrarian: Thomas Friedman portrays our modern entrepreneur society as “the supernova” in his book, Thank You for Being Late. Modern day entrepreneurs are opposing popular opinion to create ventures that are changing our way of life. From how we hail a taxi, to the fate of nations, to our most intimate relationships. They view the world through a unique lens.
Open-minded: Being adaptable and knowing that failure is a part of the process. Entrepreneurs are risk-takers who have a bigger picture perspective; they must remain open-minded in order to successfully carry their venture into the future.
Passionate: To be successful these individuals must showcase confidence and determination to overcome any obstacle. The “outliers” as Malcolm Gladwell states, are willing to put in 10,000 hours to be truly great at their craft. Willingness to learn is key.
Manage: Generally speaking, entrepreneurs believe that they are the bread and butter to the overall success of their venture. This may be true for a select few, but most of the time it is best to be realistic with one’s own abilities. Managers must be willing and able to step down or to the side and give a more qualified individual the opportunity to lead the venture to new heights.
Market: An entrepreneur’s basic understanding of marketing is essential to any venture’s success. Being aware of the business’s scalability will not only drive objective evaluation, but also the acceptance of the product or service by the target demographic. Be realistic with the selected market segments.
Diligent: Most entrepreneurs have the play-hard, work-harder attitude. They eat, breathe and sleep their venture. There’s no magic 8-ball to reveal whether an idea will work or not, or what will happen next. Those that are able to make a difference are those that spend every moment possible researching the ins and outs of the business venture to minimize risks.
In the entrepreneurial world, nothing is certain. Words to live by: be impeccable with your word, don’t take failure personally, don’t make assumptions, and always do your best.
About the Author
Bradley Blankenship was born and raised in Las Vegas, NV. He works Commercial and Residential Real Estate and is a current MBA student at UNLV emphasizing in New Venture Management. He completed his undergraduate degree at UNLV (Entrepreneurship, 2012). He plans on working Realty Management for a company or bank.
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of RVF or UNLV. In addition, thoughts and opinions are subject to change and this article is intended to provide an opinion of the author at the time of writing this article. All data and information is for informational purposes only.