Which among the following is a personality trait of most of the entrepreneurs?

Starting a business is a lot of work. Anyone who tells you it's not is either lying or has never actually started one themselves. The hours are long, sacrifices are great and you are assaulted with new problems and challenges every day with seemingly no end.  If you don't have the constitution to weather these things, your business could implode on you faster than it started.

Clearly, entrepreneurship is not for everyone. But how do you know whether it’s for you? You should start by asking yourself what it takes to be a leader because, for the most part, you'll be doing a lot of the work up front by yourself.  If you can't lead yourself through startup, chances are you won't likely be able to lead your business and future employees through growth and on to success.

If you enjoy only a few actual hours of real work per day, the rest of the time spent either looking busy or hanging out at the water cooler to catch up on TV talk, a modest but steady paycheck and benefits and are okay with routine day-in and day-out, stop reading here and go back to your cushy desk job.

If you seek a challenge wrought with risk but with tremendous potential reward both financially and morally, read on friend, for you have something of what it takes to be a successful entrepreneur.

Want to start a business? 20 questions to ask yourself first.

Successful entrepreneurs, from Henry Ford to Steve Jobs, share similar qualities with one another. To see how you rank against these distinguished entrepreneurs, do you share at least half of these qualities?

It’s the old nature-versus-nurture argument: Is the ability to be an entrepreneur something you’re born with, or something you instill in yourself? Good news for introverts and late bloomers: Research shows the most important skills can be acquired over time. A look at successful entrepreneurs throughout history, in fact, depicts a wide range of ages, personality types, and GPAs.

Success isn’t out of reach if you’re not a competitive, hard-driven extrovert with a Type A personality — quite the opposite, in fact. C students are often the ones driven to move forward with their own businesses, while neither straight A students nor Type A personalities tend to lead that pack, says Elana Fine of the University of Maryland’s Dingman Center for Entrepreneurship, quoted in Entrepreneur magazine.

Common characteristics of entrepreneurs

So what are the most common characteristics among the world’s top entrepreneurs? Meyers-Briggs research reveals five overlapping strengths among people likely to be self-employed, managing other people and pulling in higher incomes. Consider the following:

Curiosity

Entrepreneurial types are easily bored, interested in the pursuit of knowledge and constantly seeking new skills. Often, they achieve success through their ability to recognize opportunities others have overlooked. Instead of money, many are driven by the chance to solve a problem. “Most entrepreneurs I know believe they will change the world,” says Professor Jay Friedlander in Entrepreneur. “There’s an excitement and belief in what they’re doing that gets them through the hard times.”

Creativity

Business founders tend to be imaginative and are frequently resistant to following the status quo out of tradition or because everyone else is doing something a certain way. They may quietly devise new strategies, or may be so enthusiastic that they drive forward entire groups of people. In many cases they end up creating something substantial out of very little because they’re able to identify chances to make improvements. One recent study by London School of Economics researchers found a common blend of “smarts” and “aggressive, illicit, risk-taking activities” among entrepreneurs.

Responsibility

Entrepreneurs often see life’s challenges as a chance to take control rather than finding them debilitating. They’re more apt than others to take personal responsibility for their own ideas and projects because they see themselves as having control over the outcome. That concept is supported by researchers Anthony Tjan, Richard J. Harrington and Tsun-Yah Hsieh in their book “Heart, Smarts, Guts and Luck” (Harvard Business Review Press, 2012), in which they determined 65 percent of business leaders worldwide can be classified “hearts-dominant” for their passion, vision, and strong sense of purpose.

Decisiveness

Once they form plans, entrepreneurs tend to target their goals without allowing distraction, making decisions quickly and systematically. Often they’re less concerned about getting along with others than focusing on their objectives, a priority which can sometimes make them appear uncooperative or unfeeling. Research published in the Journal of Applied Psychology also found entrepreneurs to rank low in neuroticism, allowing them to better tolerate stress.

Less fear of risk 

Entrepreneurs are less worried about failure than other people. They have the fortitude to get started, to make changes as needed, and to follow through in the face of challenges — all highly important given the notoriously grueling process of starting a new business. “It all boils down to being able to successfully manage fear — fear of humiliation, fear of missing payroll, running out of cash, bankruptcy, the list goes on,” says Michael Sherrod of the Neeley School of Business at Texas Christian University, quoted in Entrepreneur online.

Of course there are exceptions to the personality types successful in establishing their own businesses, and myriad factors are involved in such success. But Meyers-Briggs researchers might argue would-be entrepreneurs are starting as underdogs without those five dominant traits.

“Naturally, the entrepreneur’s diplomas, business knowledge and craftsmanship play an important role,” confirm Martyn Driessen and Peter Zwart in their research on entrepreneurial personalities. “The success of a business is due to many factors. But the greatest determinant of a business’s success is the entrepreneur him/herself.”

What is personality traits in entrepreneurship?

Which of the following is common personality trait among entrepreneurs?

What is the most common trait in an entrepreneur?

Which of the following is the personality type of an entrepreneur?