In this article, we will discuss five (5) essential traits of a successful digital entrepreneur. In previous years, students didn’t have much interest in digital entrepreneurship. Fresh graduates have a mindset of doing a job. And mostly in all parts of the world, they try to find success by joining corporate rather than starting or joining start-ups. The idea of digital entrepreneurship is not very new, it came into a role with different emerging e-commerce platforms. However, with COVID-19 everything has changed completely. Physical stores became e-commerce websites. Hene, now more people can buy and sell goods while sitting at home comfortably. Due to e-commerce & online apps and websites, business is reaching new heights in today’s digital world. In general, making the customer experience better day by day.
Two Perspectives
When we talk about entrepreneurship, there are two perspectives regarding the traits of a successful digital entrepreneur.
- One who believes that some people have innate entrepreneur traits.
- The other who believes that people can learn & develop entrepreneurial skills through practice.
It doesn’t matter which perspective best fits you. But, what matters is your interest in learning digital entrepreneurship skills and traits. The success of entrepreneurs depends on their capabilities to never give up on their dreams.
Below are five essential traits that will help you become the successful digital entrepreneur you aim to be.
1. Digital Entrepreneur is a Risk Taker
The first and most essential trait of a digital entrepreneur is that they have a risk-taking ability. Sometimes changes in policies & rules, other employment-related issues, and an increasing number of competitors distress a business outcome. Additionally, many factors affect a business for instance technological evolution, customer choices, and availability of materials, all impact on business in some or the other way. However, Successful digital entrepreneurs have an eye on all of the factors, and they are always ready to take risks and prepare for them.
“If you’re not a risk-taker, you should get the hell out of business.”
– Ray Kroc, founder of McDonald’s
Besides the above factors, young digital entrepreneurs need to understand that today’s business success is not the success of tomorrow and must always be ready and prepared for any kind of situation.
2. Digital Entrepreneur is Self-Motivated
Digital Entrepreneurs are highly driven toward profitable businesses in this digital era. Business growth is dependent on technological knowledge about numerous tools. For instance, Google marketplace, research for clients, Web Designing, and others alike played an important role in providing technological detail to the users.
However, everyday digital entrepreneurs have to face different challenges but an inner amount of motivation never makes them fall. Self-motivation always pushes digital entrepreneurs to work hard on their dreams and make them a reality. On the whole, a high level of motivation and power in them is an essential trait of a successful digital entrepreneur that is difficult to maintain.
3. Digital Entrepreneur is More Adaptable
Digital Entrepreneurship doesn’t only mean just having digital skills but also the confidence to avail the opportunity proactively. A digital entrepreneur has an eye to watch the future needs and take action to catch them, rather than waiting for someone to resolve them. Digital entrepreneurs initiate different types of businesses and constantly work to develop the way to success. Successful digital entrepreneurs are highly adaptive to learning and create unique ideas. This adaptability allows them to break the boundaries for the sake of creating a new path for society.
In short, high adaptability is a remarkable trait of digital entrepreneurs and it is necessary to adapt to the frequent changes in the digital market of today.
4. Digital Entrepreneur is Persistent
Entrepreneurs worked all day and night to grow their businesses. They spend their time, money, and efforts to become successful. Digital entrepreneurs are open to learning out of the box and take self-challenges as well. Besides, they also keep active mindsets to build networks with others.
When entrepreneurs face hurdles in life, it will make them better and more persistent. But having persistence, within, provides courage to them for moving forward with their goals. It comes from the experience of failures.
5. Digital Entrepreneur has an Innovative Mindset
Another trait of a successful digital entrepreneur is that they have an innovative mindset. As innovation is a process of updating products or services and in digital entrepreneurship and marketing, innovation is the only key to success. For instance, E-commerce is an example of innovation in business marketing. Online shopping can substantially reduce the cost of Physical stores. To sum up, innovative businesses are the result of multiple efforts of digital entrepreneurs that unbox new ways of business or marketing.
Check out this link, if you are interested in finding ways to make online income.
Conclusion
In conclusion, for becoming a successful digital entrepreneur you could aim to learn and develop these five essential traits. Moreover, for penetration into the digital world, a digital entrepreneur must be flexible, creative, and passionate. To grow a business, digital entrepreneurs need to be enthusiastic in their efforts and a dedication level and passion for their work are always required. However, by having these five essential traits one can become a successful digital entrepreneur.
As wisely said by Farrah Gray, “Build your own dreams, or someone else will hire you to build theirs.”
Do you want to share any trait of a Digital Entrepreneur that is essential to be successful? Let us know in the comment box below.
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[This article is written by Erum Khaliq during Train the Learner’s 4 weeks Training Program as an Article Writer]
