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Nine Qualities You Need to Be Successful as an Entrepreneur in the Technology Industry

What is one trait that one must cultivate if one wants to be a successful entrepreneur in the technology industry, and why? These answers are provid

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What is one trait that one must cultivate if one wants to be a successful entrepreneur in the technology industry, and why?

Techpreneur

These answers are provided by Young Entrepreneur Council (YEC), a non-profit organization that consists of the world’s most successful young entrepreneurs. YEC members represent almost every industry, generate billions of dollars in revenue each year, and create tens of thousands of jobs. Learn more at yec.co.

1. The willingness to change

To be a successful entrepreneur, one trait you must have is the willingness to change. You may have an amazing idea with an amazing vision, but for many reasons it may not work out the way you want it to. If you are determined to stick to the plan, no matter what, your business may suffer from it. You need to be ready to accept change and turn in a better direction that best benefits your company.

– Benjamin Rojas, All in One SEO

2. A disregard for the Status Quo

Cultivate a healthy disregard for the status quo. If you want to make a significant impact in technology, you will have to be comfortable believing that you are right in some way that most people miss. You do not want to be misled, but you must have the ability to stand your ground on some conflicting idea. Then prove you’re right by building technology that changes that status quo!

– Andrew Powell, Learn to Win

3. A desire to learn

The ability and desire to keep learning will be the best asset you can have if you want a long career in the technology industry. It’s easy to be on top of the game in your early twenties, but if you are going to stay abreast of technology for the next decade, you will learn a lot to do throughout. You want to train yourself to constantly learn and test the limits of what is new.

– Salvador Ordorica, The Spanish Group LLC

Thinking startup founder
Photo credit: Andrea Piacquadio / Pexels

4. Out-of-the-box thinking

One of the most important qualities for an entrepreneur is to be able to think outside the box. A successful technology entrepreneur must be creative and innovative to come up with new ideas and products. The technology industry is a very competitive industry and you need to have a lot of creativity to make your product stand out above the rest.

– Kristin Kimberly Marquet, Marquet Media, LLC

5. Dexterity

You need to be open to constantly adapting your approach to what customers actually want. The technology industry is moving so fast that anything that looks like a good idea can be obsolete in a matter of months. An application can be overshadowed by a newer application; a popular trend seems to be short-lived. You have to be extremely agile and watch what happens every day.

– Kalin Kassabov, ProTexting

6. Self-confidence

Self-confidence is extremely important, especially when trying to introduce something new and / or disruptive to an existing market. One of the most disastrous problems for a technology entrepreneur is “cheat syndrome” because you will not be able to convince investors and VCs to share your vision if you do not even believe in it yourself.

– Bryce Welker, the CPA Examiner

Persistent businesswoman

7. Perseverance

Passion, wit and creativity are nothing if you do not persevere in finding solutions to problems and completing tasks. Perseverance is needed to properly analyze your problems and the cause of delays. You dig deep, and you do not accept “no” for an answer. With consistency, this entrepreneur will have more successful years ahead.

– Daisy Jing, Banish

8. A comfort with risk

Someone will need to be comfortable taking risks and have a strong belief in their own ideas to be a successful entrepreneur in the technology industry. This is because the technology industry is constantly changing and evolving, and successful entrepreneurs need to be able to adapt to these changes quickly and efficiently.

– Blair Williams, member press

9. Curiosity

If I had to name one trait that tech entrepreneurs need to cultivate, it would be curiosity. You have to be excusably curious about your industry, competitors and your business if you want to thrive. You can pursue this trait by keeping up to date with the latest technology news, connecting with other industry experts and reading relevant case studies.

– John Brackett, Smash Balloon LLC

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