Want to know what the seven traits of a good entrepreneur are?

There must be an outstanding entrepreneur behind an outstanding enterprise, and there must be traits of outstanding achievement in an outstanding entrepreneur. The author has sorted out and summarised that outstanding entrepreneurs possess at least most of the following seven traits.

1

-THE FIRST-

Love talent as one's life

Talent is the most valuable core asset of an enterprise and the source of motivation for its development. Some entrepreneurs are lenient on the outside and jealous on the inside, often claiming that they want to build a first-class talent team, but in reality, they reject talent that is more capable than they are, fearing that they will not be able to manage it and that it will harm the company's interests, so they are wary of certain talents and even restrict their use. This often leads to a result: external talent can not be recruited, internal talent can not be retained, because the enterprise has no talent available, and the boss is faced with a lot of work in the dilemma of personal efforts, thus binding the future development of the enterprise space.

I remember an entrepreneur once said a very classic word: "Only dare to use the ability than the boss weak talent company, will certainly degenerate into a dwarf-type company; On the contrary, dare to use the ability than the boss also strong talent company, will be able to develop into a giant-type company." This is the reason why good entrepreneurs love talent as much as they do. Jack Welch, the former CEO of General Electric, spent a lot of money to hire first-class talents in various fields and put them in important positions to give full play to their talents. On the one hand, the hiring and reuse of first-class talents are often the best in their respective fields, they are also entrepreneurs' "stand-ins", that is, instead of entrepreneurs sharing the important work in various fields, entrepreneurs can free up time to think about the strategic development of enterprises, to continue to lead the enterprise to be stronger and better and bigger. On the other hand, only top-notch talent can employ a large number of excellent employees, thus giving the company a strong executive and fighting force. Therefore, the attitude of entrepreneurs towards talents has, to a certain extent, determined the future growth space of the enterprise.

2

-THE SECOND-

A unique vision

The entrepreneur determines the future direction of the company, so the entrepreneur's vision is crucial. The vision of a good entrepreneur is mainly manifested in two aspects.

The first is vision. How far an entrepreneur sees, how far the enterprise can develop. Wang Wenyin, the founder of Shenzhen Zhengwei International Group (Zhengwei International for short), a Fortune 500 company, said, "What kind of future an entrepreneur can imagine, that's what kind of future he can have."

According to Li Ka-Shing, it is suitable to be an hourly worker if you want to have immediate returns when you pay, a part-time job if you expect to get monthly returns, a professional manager if you are patient and receive annual income, an investor if you can wait patiently for three to five years, and an entrepreneur if you weigh in with a lifetime perspective. Excellent entrepreneurs are often people with long-term visions, and Ren Zhengfei of Huawei is a typical example. As far back as 2000, in the face of Huawei, which was in a phase of rapid development, Ren Zhengfei wrote an article entitled "Huawei's Winter". In 2019, the U.S. government took restrictive measures against Huawei, which was able to cope with the crisis because Huawei had been increasing its research and development of key technologies in the past decades, and had made good "spares" for key technologies such as chips and operating systems. The second is market discernment. That is, the entrepreneur's ability to identify business opportunities. Excellent entrepreneurs are often able to see opportunities that others do not see, thus promoting enterprises to seize opportunities and achieve rapid development. As Li Ka-Shing said, "When others didn't see it, I saw it; when others saw it, I was already doing it; when others were doing it, I started to go." Great entrepreneurs are always ahead of the game, and this is fundamental to their ability to lead their businesses to continued success.

3

-THE THIRD-

Learning like a fool

The reason why great entrepreneurs are so discerning has to do with entrepreneurial perception. Entrepreneurial cognition is a framework of knowledge and beliefs that entrepreneurs have developed throughout their studies and work, as they continue to accumulate knowledge and experience. To a certain extent, entrepreneurial cognition determines their mindset and vision. The cognition of entrepreneurs varies greatly from one entrepreneur to another. Some entrepreneurs, due to path dependency, often stay in the old patterns of past "successful experiences" and thus fall into the shackles of stereotypical thinking, while some entrepreneurs can continuously acquire new knowledge to enrich and update their original knowledge system, thus allowing their cognitive level to continuously improve and influence their behavior. This is why the best entrepreneurs demonstrate a state of "learning obsession".

Wang Wenyin, the founder of Masway International, focuses on continuous learning to improve the state of mind. According to Wang, people don't grow old slowly, but rather the moment they're thinking stops progressing. In other words, when a person stops taking in new knowledge, his or her mind will be solidified and gradually eliminated by society. Wang Wenyin said, "If you don't read for a day, no one can tell; if you don't read for a month, your speech will explode; if you don't read for a year, you will lose your IQ to a pig." He insists on reading for two hours every day and reads hundreds of books every year and is very good at absorbing new nutrients from books, thus constantly improving his cognitive level. Wang Wenyin believes that the knowledge we all know is only common sense, and what is in the hands of a few people is the truth; people have to study hard to gain knowledge, and then through concrete practice turn knowledge into insight, and with insight to know clearly what to do, only then dare to think and do.

4

-THE FOURTH-

A decisive approach

The rapid development of science and technology and its widespread use in the industry are rapidly disrupting traditional business models; at the same time, the cyclical nature of economic development is keeping the market environment in a dynamic state of flux. The market environment is complex and volatile, and market opportunities are fleeting, which requires entrepreneurs to have a keen insight to accurately grasp market opportunities and be decisive.

In less than 20 years, Zhengwei International, founded in 1995 as a small cable processing factory, has rapidly developed into a Fortune 500 company spanning the cable, copper, and high-tech industries through several transformations, a result of Wang Wenyin's success in several crises. This is the result of Wang Wenyin's decisive grasp of opportunities during several crises.

When the Asian financial crisis broke out in 1997, China's coastal manufacturing industry was plunged into panic, and processing plants were closing down, while Wang Wenyin believed that business was not going forward but going backward, instead, he went against the trend and acquired the closing cable processing plants at low prices. Soon afterward, as the Asian financial crisis subsided and the economy recovered, Zhengwei International instantly became a large group of companies with several cable processing plants under its umbrella, becoming one of the leading companies in the domestic cable industry.

With the SARS epidemic in 2003, the coastal manufacturing industry was in crisis again and the price of copper, the main raw material for cables, fell to a historic low, so Wang Wenyin immediately decided to venture into the copper industry. He bought five or six copper mines in Tongling, Anhui Province, and Ganzhou, Jiangxi Province in one go. As the SARS epidemic subsided, the price of copper resources rose, and Wang Wenyin made a "fortune", building Zhengwei International's "copper empire".

In recent years, Wang Wenyin has been keenly aware that we have entered the era of information technology, especially artificial intelligence. Since 2012, he has decisively entered the high-tech industry, including semiconductors, chips, and smartphones, and has invested in more than ten large high-tech industrial parks at home and abroad, becoming a rising star in the high-tech industry.

5

-THE FIFTH-

Wealth and talent

The rapid development of the enterprise needs a large number of excellent talents to join, and more importantly, it needs to form a strong cohesion and fighting force among talents. To retain talent, we must first retain the hearts of talent, and to retain the hearts of talent, we must give excellent talent a generous return on value, such as giving them equity incentives. Many entrepreneurs are sensitive to the equity aspect of the company, always clinging to equity, but want talent to work hard for the company, which is not very realistic. When the two diverge from each other, the talent will often part ways with the company. Only when corporate and personal values are united can a common vision of the company be formed, and only then will the talent team have cohesion and combat power.

Therefore, by giving shares to outstanding talents, we can bring them together to create the future of the company. Huawei is a "striver-based" company and has implemented an employee shareholding scheme, giving shares to the best internal talent, while Ren Zhengfei's shares only account for 1.4%, which is one of the important reasons why Huawei is so creative and has developed into a world-class company.

6

-THE SIXTH-

Love for all

Good entrepreneurs often have a sense of compassion, respect, and love for all those around them, and are thus widely respected and admired by those around them, and thus become the "spiritual leaders" of their employees, leading them to drive the company forward. An entrepreneur once said, "A person who can do a good job is a talent, and a person who can bring a group of talents together to do a good job is a person." Excellent entrepreneurs are such people, who give out love and unite people. The president of Foshan Lida Toy Factory is very caring for his staff, trying to improve the staff's food and housing environment, eating with them in the canteen, personally driving to bring fruit to distribute to the staff on hot days, often going to the staff dormitory to talk to understand the staff's living conditions and lend a helping hand to the staff in difficulty promptly. Production line workers on their birthdays, the company will give on time to play a happy birthday song, and with the sound of the blessing song, will also give them a beautiful gift ...... staff can not help but be moved to say: "for such a boss to work hard feel very worthwhile!" The mindset of the entrepreneur is important, a little achievement will be high above, which will only make employees respect and far away. Excellent entrepreneurs tend to put their mindset very low and care for everything around them extensively so that they can be well-received and lead their staff to promote the rapid development of the company.

7

-THE SEVENTH-

Low profile and stoicism

There are three kinds of people: those who just talk without doing, those who talk while doing, and those who just do without talking. The third type is more common in families of good companies, where understatement and patience are important traits. Good entrepreneurs tend to be pragmatic, working hard for decades on a cause rather than deliberately pursuing fame. When they have made a career out of it, they naturally become respected figures. This was the case with Ren Zhengfei of Huawei, and also with Wang Wenyin of Zhengwei International. Wang Shi said of Ren Zhengfei, "He is the fox of North Africa, hiding but not revealing, very low-profile." The low-profile Ren Zhengfei has led Huawei to surpass countless powerful competitors, enter "no man's land" and become a world-class enterprise. Wang Wenyin has also been leading the company from a small cable processing factory to a Fortune 500 company across more than 20 industries, including cable, copper, and semiconductors, in less than two decades with a low-key, stoic philosophy. Interestingly, when Zhengwei International first entered the Fortune 500 in 2013, the authorities looked at the unfamiliar Zhengwei International on the list and asked people around them urgently: Where is this company in Shenzhen? What does it do? Wang Wenyin has been leading Zhengwei International to create one business miracle after another, despite its low profile.