{"id":731,"date":"2020-11-24T23:52:45","date_gmt":"2020-11-24T20:52:45","guid":{"rendered":"https:\/\/www.ghafla.com\/sponsored\/?p=731"},"modified":"2020-11-25T22:06:52","modified_gmt":"2020-11-25T19:06:52","slug":"the-six-must-have-personal-traits-that-make-a-successful-entrepreneur","status":"publish","type":"post","link":"https:\/\/www.ghafla.co.ke\/sponsored\/the-six-must-have-personal-traits-that-make-a-successful-entrepreneur\/","title":{"rendered":"The six must-have personal traits that make a successful entrepreneur"},"content":{"rendered":"

To be an entrepreneur means being comfortable with taking educated risks, in business.<\/p>\n

The secret to success is buried in a formula that combines drive, forward momentum and persistence.<\/p>\n

Here\u2019s a few personal traits:<\/p>\n

Passion<\/strong><\/p>\n

This is what drives you. You need a true sense of passion, and belief that the product on offer, or the service you have is what clients want. Passion is infectious – and will rub off on the staff and clients. A business launched without passion will lack the ooze and charisma – clients will not return.<\/p>\n

Perseverance<\/strong><\/p>\n

A new venture may need up to a year before visible growth can be seen. Until then, an entrepreneur needs energy and enthusiasm to ride out the bumps. There will be constant errors – but a passionate owner will learn, and rise.<\/p>\n

There will be daunting overhead bills, staff problems, cash flow issues. One just needs perseverance.<\/p>\n

Empathy<\/strong><\/p>\n

This uncanny skill makes or breaks a new business.<\/p>\n

The ability to understand your prospective client\u2019s minds and visualize self from that angle. That\u2019s how you realize their problems, and understand them. In that way, you can provide a solution – and this is what sells to your clients.<\/p>\n

A practical solution to their problems.<\/p>\n

\"\"<\/a><\/p>\n

Leadership Skills<\/strong><\/p>\n

A start up needs equally motivated staff to run. You need to be a leader – and not just loaded motivational pep-talks, but practical touches.<\/p>\n

An entrepreneur has to learn the Art of Delegation<\/em>.<\/p>\n

This is to be cognizant that one cannot possess all the skills and knowledge needed to pursue the vision & mission of a company.<\/p>\n

Like, one can have good social skills, but miserable in accounts.<\/p>\n

Stamina<\/strong><\/p>\n

New ventures demand a complete lifestyle change.<\/p>\n

Perhaps, one that requires working crazy, long hours. It may mean giving up some aspects of your life, and of those in your circles – vacations, weekends, private cars, etc.<\/p>\n

Do you have the wherewithal to grind through long hours at work and lean budgets?<\/p>\n

Before the big break, you need stamina to survive a period of intense sacrifice. It pays for one to have a supportive family that shares the vision.<\/p>\n

Business skills<\/strong><\/p>\n

Basic understanding of how a business is structured and works is helpful. This is the foundation on which a business sits. Under this, it helps to be a creative problem solver.<\/p>\n

To counter this, one has to hire skilled staff, or take the pains to learn the relevant skills, especially on delicate aspects of the business. Say, accounts, or marketing.<\/p>\n

Another advisable trick is to align self with established business or financial entities to act as mentors. An entrepreneur learns from the mistakes of others.<\/p>\n

In the finance section, for instance, a new start up needs articulate system off keeping books, calculate cash flow and monitor the inventory.<\/p>\n

\"\"<\/a><\/p>\n

Introducing the Co-op Bank e-Commerce platform<\/a>,<\/p>\n

This robust e-Commerce platform offers a new business a variety of cashless ways to accept payments, or make purchases.<\/p>\n

This includes use of mobile phones to access Co-op Bank<\/a> accounts through USSD numbers, M-Coop Cash Apps, M-Pesa Pay bill numbers, or the use of Co-op Visa Cards, by swiping at payment points with PDQ\/POS machines.<\/p>\n

It\u2019s easy to track expenses, credits or debits in real time. It\u2019s fast, safe and convenient. Within moments, one receives account notification messages on mobile phones.<\/p>\n

To learn more on cashless payments through the Co-op Bank e-Commerce<\/a> platform, visit the nearest Co-op Bank<\/a> branch.<\/p>\n

Alternatively, check online by clicking here.<\/a><\/p>\n

RELATED:\u00a0https:\/\/www.ghafla.co.ke\/sponsored\/what-are-the-benefits-of-exploiting-payment-options-offered-by-the-co-op-bank-e-commerce-platform\/<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

To be an entrepreneur means being comfortable with taking educated risks, in business. The secret to success is buried in a formula that combines drive, forward momentum and persistence. Here\u2019s a few personal traits: Passion This is what drives you. You need a true sense of passion, and belief that the product on offer, or […]<\/p>\n","protected":false},"author":6067,"featured_media":732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[499,795],"class_list":["post-731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sponsored","tag-co-op-bank-kenya-news","tag-coop-e-commerce"],"yoast_head":"\nThe six must-have personal traits that make a successful entrepreneur - Ghafla! 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