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2 Characteristics of an Entrepreneur

Friday, November 30th, 2012
Posted in Joel by Joel Gross

Two characteristics I have observed about entrepreneurs (both successful and unsuccessful) are:

  1. Bring certainty into an uncertain world.  A business owner can never be sure if his employees will do the work or a client will pay.  He has to take fickle people and use a business model to translate that into certainty for both his customers and employees.  If a client quits, he still has to pay his employees. If an employee quits, he still has to make sure the project gets delivered.
  2. Willingness to take unreasonable risks.  Most reasonable, logical people make reasonable and logical decisions most of the time.  Starting a business requires vision to triumph over data.  In almost every business there are many pitfalls and significant problems and risks that an ordinary logical person would want to avoid.  However, a businessperson chooses to move forward anyways illogically.