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Starting a business isn't for the faint-hearted. There are plenty of things that can go wrong, beginning with the idea that one should not have left the safety net that is their corporate jobs.
Still, if one has the heart of a true entrepreneur, he would choose the uncertainty over the uniformity, the risks over routine, the possibility over the constancy. He would dare venture out for the oft chance that one day, he'd find success just around the corner.
While an innovative business idea and having a solid market plan can help, there are far more important qualities that can help a startup make a mark in the business world. "SmartRecruiters" founder and CEO Jerome Ternynck pens an insightful article in Fortune, highlighting three core attributes.
Ability to lead
To flourish in a career as volatile as entrepreneurship, leadership is needed. Entrepreneurs should have the vision to see the big picture and must have a concrete plan to get from where they are to where they want the business to be. This vision then needs to be communicated down to the last employee so everyone can be on the same page, advised by Entrepreneur.
Ternynck claims that the inspiration to launch "SmartRecruiters" was born when he learned from a survey that over 50% of the workforce in the United States longs to shift to a different career. This became the driving force for his vision to materialize.
Ability to single-mindedly focus
In a day and age that's teeming with distractions, entrepreneurs need to be able to hone in on their specific skill sets and focus on strengthening them. They can delegate their areas of weakness to subordinates and team members who are skilled at those.
Ability to be persistent
Perseverance and resilience should be deeply ingrained in a would-be entrepreneur's character; the business will not thrive otherwise. Persistence will carry the start-up through the toughest times and the toughest of moments.
In a separate feature, Jobs & Hire debunks seven myths about entrepreneurship. These are important to know, especially when one had just shifted careers from employee status to aspiring business owner.