Recently I asked good friends from across the nation what word(s) best described someone who was an entrepreneur. Some were entrepreneurs themselves and other folks had been not. I targeted people with rural backgrounds or connections to rural areas to see if there could be any variations from the standard buzz words connected with entrepreneurs. It was an intriguing mix of words and contained some new ones I may well not have associated with an entrepreneur. Right here are some thoughts on each and every of the words and precisely how they tie into becoming an entrepreneur.

1. Risk-taker – Entrepreneurs are often willing to take that step off the cliff to reach their dreams. They will appear at all the angles to safeguard themselves as finest they can, but eventually they will take the leap. This is specifically accurate in rural regions as you have distance, population and connectivity to overcome.

2. Innovative – Not everyone is going to invent the subsequent Apple, but in each way entrepreneurs are revolutionary in pondering and thought course of action and not held back by “it cannot be accomplished” considering.

3. Independent – Entrepreneurs like generating the decisions, getting flexibility and setting the rules.

4. Resourceful – Entrepreneurs are like my Dad – give him some baling wire and he could repair anything on the ranch. These days it may be extra closely associated with using duct tape, but you get the picture. Entrepreneurs come across a way and a resolution for what they have to have.

5. Inventive – Not necessarily an artist, musician or actor, but a lot more in the realm of “outside the box” thinkers, entrepreneurs normally have a vision in their minds.

6. Free of charge-thinker – According to Wikipedia – “a particular person who forms opinions on the basis of explanation, independent of authority or tradition,… ” yep that is an entrepreneur.

7. Ambassador – This one was a little distinct, but ambassadors do step out and help others and serve as messengers of that large unknown planet of entrepreneurship.

8. Achiever – Some of the synonyms for achiever is high-flier, go-getter, doer and self-starter. All are element of an entrepreneur’s makeup.

9. Leader – Is this a accurate trait of an entrepreneur? Some are excellent leaders and yet other individuals are not. Some leaders are not good entrepreneurs either. This could be a great “chicken or egg” debate.

ten. Open – Entrepreneurs are usually open and vulnerable to either good loss or great results.

11. Passion – Entrepreneurs definitely believe in what they are doing. As stated by Anthony Robbins, “There is no greatness without the need of a passion to be terrific, whether it is the aspiration of an athlete or an artist, a scientist, a parent, or a businessperson.”

12. Prosperity – There is totally no reason to be an entrepreneur without the purpose of prosperity as your end outcome. There are, having said that, unique interpretations on what constitutes prosperity, and every single entrepreneur requires to uncover his definition.

13. Progressive – Frequently entrepreneurs will be ahead of everybody else around them in searching for out new tips and placing new spins on attempted and accurate projects.

14. Self-Motivated – Entrepreneurs do not have to have somebody else to get them started, they work as significantly as required and much more to achieve their objectives.

15. Determination /Persistence – Certainly a plus for an entrepreneur. Without determination you won’t succeed. You will locate people who place obstacles in your way, persons who do not support you and constant challenges in developing your business. These traits are necessary.

16. Driven – A small various take on determination and persistence. Driven is additional like getting that fire in your belly that makes an entrepreneur think they have what it takes to succeed.

17. Energetic – This is one particular generally overlooked. You need to have to be ready each mentally and physically to function lengthy hours and to handle rejection and bounce back. You need that power to often place on the most effective face to your prospects, suppliers and other people you come in touch with every day.

This is a fairly long list, but entrepreneurs are a complicated group of individuals. Somebody might have added “nuts” to the list and they would in all probability be proper. Entrepreneurs go where other individuals fear to tread. Let us know if you feel we missed a trait.

Finally, while Richard Burry had been hunting for traits of rural entrepreneurs, it appears they have the exact same simple traits as our urban entrepreneurs. They may face extra challenges of distance, population and technology, but the traits they possess are the similar.