As time goes by, the business world has been reinventing itself following the new trends in the market, which is why new modalities, strategies, and new terms have emerged. Faced with this event a few years ago, the word “entrepreneur” has resonated a lot.

What is an Entrepreneur?

This term is attributed to a person who can plan, develop and execute a business project so that he has to know how to interpret many elements of the corporate environment and face any problem that arises in his strategy and take possible risks.

To delve into what an entrepreneur is, it is also crucial to mention that apart from promoting the project, this person has to generate some commercial or financial benefit since the nature of a business always focuses on satisfying a framed need by the market.

Seven Characteristics That You Must Meet If You Consider Yourself An Entrepreneur

Entrepreneurs have a spectacular and unusual dose to innovate that they combine with determination and communication skills.

Being an entrepreneur does not only lie in having a good business idea but also in complying with specific characteristics such as cognitive ability and creativity.

In this sense, we had the pleasure of speaking with Parrish Whitaker, whose entrepreneurial pursuits have become the talk of the town. From Wall Street to consumer beverages, Parrish has embarked a complete entrepreneurial journey, exploring promising avenues and turning around businesses. His keen insight and ability to unravel his companies’ potential and steer through challenges are well regarded.

From his own experience being an entrepreneur, Parrish helps us draw up a list of the seven outstanding features are part of the profile of an entrepreneur.

  1. Initial impulse: generally, there is a motivation caused by various reasons of a professional, personal, emotional, financial nature, among others. There is always an initial spark that prompts you to get out of your comfort zone and do something different than what you are doing.

  2. Capacities: for this initial impulse to be translated into a project, that is, to move from idea to action and, above all, not die trying, individual skills are needed that can be acquired and developed. Some may find it easier than others, but all may have the aptitude for seeing new things or doing them differently and the ability to execute them.

  3. Creativity: they have a spectacular and unusual dose to innovate that they combine with determination and communication skills. These elements make them so unique and remarkable. They come from the determination with which they stand in front of situations and how they face them since they are not part of a genetic code.

  4. Entrepreneurial spirit: being an entrepreneur is not the same as being an entrepreneur. The entrepreneur is associated with the ownership or possession of a company, while being an entrepreneur, from an anthropological and ethical point of view, implies having an entrepreneurial spirit. Many people are entrepreneurs but do not have this spirit, while many do and do not necessarily work in a company.

  5. Cognitive ability: it is a way of thinking and acting characterized by the flexibility to alternate between prediction and creativity. The prediction is based on an analysis of existing information and works best with low levels of uncertainty. The creative is taking steps to generate data that previously did not exist or was inaccessible in extremely uncertain environments.

  6. Leadership: The main challenge is creating an organization that has an entrepreneurial mindset as part of its routine. You are a successful entrepreneurial leader when everyone in your organization assumes that business success is about a continual search for new opportunities. When everyone feels they have not only the right but the obligation to seek new opportunities and make them happen, when people come to work excited, and when they are proud to be part of a dynamic organization.

  7. Aspirations: are those that reflect the qualitative nature of the entrepreneurial activity and are those that have a direct impact on it. They reflect the project’s potential and quality in terms of product and process innovation, the opening of new markets, the creation of jobs, and internationalization.