Entrepreneurial Traits

The Nine F’s

Founders Every startup company must have a first class entrepreneur.

Focused Entrepreneurial companies focus on niche markets. They specialise.

Fast They make decisions quickly and implement them swiftly.

Flexible They keep an open mind. They respond to change.

Forever innovating They are tireless innovators.

Flat Entrepreneurial organisations have as few layers of management
as possible.

Frugal By keeping overheads low and productivity high, entrepreneurial
organisations keep costs down.

Friendly Entrepreneurial companies are friendly with their customers,
suppliers and workers.

Fun It is fun to be associated with an entrepreneurial company!

The Ten D’s

Dream Entrepreneurs have a vision of what the future could be like for them and their business. And more importantly, they have the ability to transform dreams into reality.

Decisiveness They don’t procrastinate and make decisions swiftly. Their swiftness is the key factor in their success.

Doers Once they decide on a course of action they implement it as quickly as possible.

Determination They implement their ventures with total commitment. They seldom give up, even when confronted by obstacles that seem
unsurmountable.

Dedication They are totally dedicated to their business, sometimes at considerable cost to their relationships with their friends and families. They work tirelessly – twelve hours a day and seven days a week.

Devotion Entrepreneurs love what they do. It is that love that sustains them when the going gets tough. It is their love of their product or service that makes them so effective at selling it.

Details It is said, “God is in the details “. That is never more true than in
starting and growing a business.

Destiny They want to be in charge of their own destiny rather than be dependent on any one else.

Dollars Getting rich is not the prime motivator of entrepreneurs. Money is more a measure of their success. They assume that if they are successful then they will be rewarded.

Distribute Entrepreneurs distribute the ownership of their business with key employees who are critical to the success of the business.