![]() Get the skills to become a successful entrepreneurĪs an entrepreneur, you will feel more confident and less stressed with the right skills to manage your business. When you get your results, remember that while personality traits are important, personal circumstances, milieu and experience, as well as the timing of your venture, can be key factors in predicting the success of a would-be entrepreneur. Generally, you are well suited for entrepreneurship if you find yourself…Īre you unsure about your suitability for a career in entrepreneurship? Want to help confirm it could be the right path for you? Try BDC’s free Entrepreneurial Potential Self-Assessment to assess your entrepreneurial traits. Figure out if entrepreneurship is right for youīefore you decide to become an entrepreneur, you may want to look at your skillset and personality type. There are also steps to take, such as choosing the right product or service, and establishing networks, that will help you develop and bring your ideas to market. There are natural skills you’ll need as an entrepreneur, some that you can develop through experience or training, and others that will be part of the skillset of a trusted member in your new venture. Women and young entrepreneurs cite that in even greater numbers, at 59% and 75%, respectively. ![]() It found that close to half of all entrepreneurs are inspired by passion and self-fulfillment. ![]() Three other characteristics-independence, autonomy and flexibility-motivated almost three-quarters of those surveyed to become entrepreneurs, according to the 2019 BDC study. “All the traits that drive people to success, you see them in an entrepreneur.” ![]() They’re going through numerous challenges and obstacles, but they feel they’re going to persevere and make it happen-because they’re so passionate.”įor Brian King, a professor at HEC Montréal in the Department of Entrepreneurship and Innovation, the characteristics that define a good entrepreneur are the same traits that define a high-performing athlete, journalist or physician. “Those are the keywords that we find when we do surveys and interviews with entrepreneurs. Passion, perseverance and resiliency are traits by which many entrepreneurs define themselves, says BDC economist Isabelle Bouchard, who co-authored a 2019 study on entrepreneurship in Canada. You’ve chosen to not work for a salary,” says St-Jean. “As long as you have control over the firm’s strategic orientation, you’re an entrepreneur.”īeing an entrepreneur means carving your own path. His definition of an entrepreneur? “Someone who creates, or owns and manages, a business,” he says, explaining that this would include small- and medium-sized business owner-managers, including those who bought the business from someone else. He says some in his field define an entrepreneur as someone who launches their own business, others will consider you one if you’ve started to pay employees, while some will only give you the entrepreneur designation-rather than a business owner-once your business is recording growth. ![]() Yet beyond this simple definition, coming up with a definitive answer to “What is an entrepreneur?” can be a difficult exercise, explains Étienne St-Jean, Canada Research Chair in Entrepreneurial Careers and a Professor at the Université du Québec à Trois-Rivières. In their pursuits, they often become disruptors in established industries. Whether it’s in farming, retail, manufacturing or in the service sector, entrepreneurs are businesspeople who find their success by taking risks. Growth & Transition Capital financing solutionsĪn entrepreneur is someone who starts or owns a business. Kauffman Fellows Program Partial Scholarship Venture Capital Catalyst Initiative (VCCI) Industrial, Clean and Energy Technology (ICE) Venture Fund ![]()
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