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3 Traits That’ll Take You From Wantrepreneur to Entrepreneur

3 Traits That’ll Take You From Wantrepreneur to Entrepreneur

These traits are embodied by every successful entrepreneur on earth; that said, let’s explore a quick guide on going from Wantrepreneur to Entrepreneur by incorporating the habits, traits, and talents of a successful Entrepreneur.

1. Resourcefulness

Resourcefulness is first on the list, as it should be. It’s the ability to find a way out of no way. It’s acknowledging that Murphy’s Law will have it’s toll on you and still pushing through the hurt of fighting a losing battle. This is the trait that nobody talks about; it fully encapsulates the knowledge each successful person had prior to their success. They made a way for themselves, without relying on the resources that are reserved for the wealthy.

2. Sales Ability

Your ability to sell yourself – not your product, and not your business, yourself. It’s the elevator pitch; your very own Unique Selling Proposition. Your ability to sell will be the only factor at play after you have created your product, so it’s best to be prepared for it. Do not give up hope if you do not have this ability from the get-go. It’s a learned trait that anyone can adopt; it simply takes practice.

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3. Communication

How well and how long you succeed in entrepreneurship will be directly reflected by your ability to communicate effectively, with tact, and while motivating yourself and your employees. It’s the ability to converse effectively with anyone, anytime, anywhere. A little secret that all successful entrepreneurs know is that positive reinforcement goes far beyond that of negative reinforcement.

Adding them Up

Now let us take a look at some icons who effectively embodied all these traits.

What might not seem obvious to some can prove to be inherently evident in the behavior of others. When Thomas Edison partnered with J.P. Morgan to form General Electric, he didn’t have any idea how business should be conducted, but he still had ideas – valuable ideas. Morgan had set out to appropriate most of the western world’s railroads, and succeeded in doing so.

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Do you know how? He had a horrendous face, riddled with scars, and an unearthly nose. He once said, “I can tell the difference in someone’s character by watching them respond to my appearance.” This man was a billionaire in a time when resources were nullified, and sales ability was measured by marketing techniques like placing people, often children on street corners handing out pamphlets. Yet Morgan succeeded, with only four years of schooling and a father that put him out on the street at the age of fourteen. Morgan succeeded because he knew who people wanted him to be, and then upon that realization became that person; he saw what had worked for so many others, and he simply implemented the existing strategies into his own ventures.

After Edison’s partnership concluded, and Morgan went on to other ventures, Edison believed he was now competent enough to operate on his own. He failed, over and over again. Though Edison went on to light the world with his incandescent light bulb, and some figured he’d go beyond that on his next venture, he didn’t. He bought a mine with the appropriated funds he had from the Morgan venture, and he kept inventing, but was soon faced with bankruptcy and looming debt that followed him until his death. He had not applied what Morgan taught him.

Abraham Lincoln is another great example of someone who could succeed in any environment. Lincoln’s mother was murdered in front of him at a young age, and his father, a dock worker, was a quiet man who kept to himself while slaving away day by day. Lincoln had to fight his own battles from a young age, and he had no one who would step in if he got in trouble. He learned how to fend for himself; he is an epitome example of a resourceful person.

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Some described listening to him at the polls before his successful election as the President as uplifting; he was by all definitions the most successful president the world has ever seen, igniting conflict that resulted in the prohibition of slavery, winning a civil war, giving all people equal rights, and drafting laws that still stand today.

Lincoln once appropriated his disappointment in a general in his army by writing a letter riddled with deconstructing criticism. He made it clear that this General had absolutely no grasp over how much he had cost the country. He signaled that this General had cost the country thousands, if not millions of lives. The General had Lee in his reach, his company was trapped, and they had to wait for the reservoir to drain before they could cross the river. I don’t believe anyone would have responded differently.

Do you know what he did with that letter? He never sent it; it was uncovered among his writings after his death. He knew that in order to communicate effectively, he had to have the ability to summon the perspective of the people whom he had led. Many people try to make others see their point of view without ever trying to understand others; they prefer to favor themselves as more competent, or even knowledgeable due to their successes, when the biggest factors at play regarding their success was perseverance and an indomitable spirit.

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There’s a lot that goes into becoming a successful entrepreneur, but if you master the traits set out above you’ll find it a lot easier to navigate the oceans that are the business world. One thing to keep in mind, however unpleasant it may appear, is to keep going, pivot when necessary, but keep on going. Every single entrepreneur who has ever “made it” will have a combination of these traits in common – imagine what you could accomplish by implementing them all.

Featured photo credit: FirmBee via pixabay.com

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Jane Smith

Blogger, Teacher

3 Traits That’ll Take You From Wantrepreneur to Entrepreneur

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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