What Makes A Great Entrepreneur?

What Makes A Great Entrepreneur?

Elon Musk’s IQ is estimated to be 155. In addition to his business acumen, he has also been recognized for his verbal intelligence, logical reasoning, memory, motivation, and openness to new experiences. Many believe these are the defining characteristics of great entrepreneurs. It takes more than a great mind, however, to be successful.

Entrepreneurs and Intelligence

Excellence or distinction in mental acuity appears to be a major trait of brilliant entrepreneurs under most circumstances. However, the ability to create and envision ideas that effectively turn into reality is much more difficult than it looks, even for – and perhaps especially for – highly intelligent people.

Some behaviorists pose that these individuals can encounter many more obstacles than others of average intelligence. Often, “high IQs” are perfectionists who may be paralyzed by analysis which can cause difficulties in making decisions. Additionally, articulating and communicating with others may be frustrating because they are unable to effectively convey the highly technical terminology and complex ideas and concepts that are second nature to them.

Entrepreneurs Cannot Succeed Alone

Regardless of an individual entrepreneur’s intelligence or innate skills, they cannot succeed alone. They need a team. A particular vision, idea, or product might be the best on the planet, but without a group that can understand and share the vision, build a strategy, and most importantly execute the vision, entrepreneurs may find themselves like a golden carriage with no horses.

When looking for a team to assist in planning and executing a successful strategy, those that are highly intelligent may want to seek out those who are able to translate grand and complicated ideas and collaboratively create a strategic plan that can be successfully accomplished. Here are four key aptitudes entrepreneurs should seek when building their teams:

  1. Team members who are open-minded and curious. Those who are naturally curious will seek to understand the ideas of others and use their own construct to communicate and act upon the ideas.
  2. Team members who are not focused on detail, but rather the BIG picture. Many intelligent people are highly organized and focused on important but small details. A complementary skill set can move past the small items and stay focused with clarity on the final goal by seeing obstacles ahead that others cannot.
  3. Team members who have confidence and are not afraid to make mistakes. These people are less likely to experience failure and be deterred by incorrect answers or actions. If something does not work, they will typically pivot quickly and try something else.
  4. Team members who are great at communicating to a wide audience. Having the ability to “bring down” any kind of complex ideas into a meaningful message to a vast array of people will allow more team members to understand the vision and activate their strengths successfully.

An entrepreneurial team that can ultimately understand and communicate the strategy and execute a plan effectively will win in the end. No matter how complicated or complex the idea may be, a team with harmonized skills and a shared vision and focus can accomplish anything!

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