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3 personality traits every entrepreneur has, according to the University of Houston

There are many character traits a startup founder needs to ensure success. You have to be a hard worker with communications skills and charisma and…so much more. Miguel Tovar/University of Houston

It's no secret that every successful business leader has multiple personality traits.

It seems everyone has a fantasy about starting a business. "I'd open up a record store." "I'd sell my famous meatball sandwiches my family loves so much." "I would totally own a comic book shop."

In fact, according to the University of Phoenix, over 60 percent of 20+ year-olds have strongly considered starting their own business.

I mean, that's a step in the right direction. You have to have desire. We can all agree there. But surely it takes more than that if you're serious about starting, and maintaining, a business, right?

So, here we'll take a look three personality traits just about every startup founder possesses.

The ability to look forward

Vision. Imagine walking everywhere with a cap brim so low over your eyes, that you can only see your feet when you walk. You can't see anything beyond that. You cannot see the cars, mailboxes, pedestrians, trees, or anything that might come your way. That's what it's like if you don't have vision.

Without a vision for the future, for what lies beyond, you will not be prepared for the inevitable obstacles. You won't know when to change direction. When brace yourself for a coming problem and prepare for it. You need to look beyond the present and envision what your company will look like in 10 years. And then persuade others to see that same vision and invest in it.

Communication

Communication. There's a video on YouTube of a dog running down a sidewalk in a small town barking at two police officers. The cops could tell by the dog's movements and tone that he was barking not out of aggression, but because he needed something. The policemen followed the dog and discovered a burning house with children inside. Thankfully, they managed to save the kids as the house burned to cinders.

Despite the obvious interspecies communication barrier, the dog was able to communicate that something was wrong so that this problem could be solved. Far too often, a young startup founder will identify a big problem or a big need and spark a great idea for how to solve it, only to discover they aren't very good at communicating the problem and solution to investors. If you cannot communicate the problem, solution, and why you're the right man or woman for carrying out the solution, you'll have a hard time convincing investors to part with their money.

The best way to improve your communication skills is baptism by fire. Go out and, well, communicate! Do it often and soon you'll learn the nuances and intricacies of effective communication. Hand gestures, head movement, tone and timber, reading the other person, etc.

Persistence 

Persistence. You're going to encounter obstacles. I know, breaking news, right? You'll hit a snag here or there. Someone won't like your idea. An investor will pull out. Something. But because you're serious about making it, you have to just pull your collar up and face the cold winter wind. Keep marching forward. However, there's something I like to call "intelligent persistence."

Let's say someone doesn't like an idea you have. Maybe they don't think it's wise to add a flap to your what-cha-ma-whos-it contraption. Persistence doesn't mean don't listen to them and persist anyway. No. Intelligent persistence is listening to them, making a decision based on the feedback, and persisting with a more intelligent direction in mind. You have to listen to feedback, both the good and the bad. Persistence doesn't mean to ignore the bad. It means listen, get enlightened, and make a more educated decision in moving forward. Don't let the bad stuff drag you down. But don't go forward without learning from your negative feedback either.

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This article originally appeared on the University of Houston's The Big Idea.

Rene Cantu is the writer and editor at UH Division of Research.

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Building Houston

 
 

Register for some of these informative online events happening throughout the month of March. Photo via Getty Images

March marks a full year of attending online events — from Zoom panels to virtual conferences. But, the shows must go on with another month full of online innovation and startup events that Houston innovators need to know about.

Here's a roundup of virtual events not to miss this month — from workshops and webinars to summits and pitch parties. Note: This post might be updated to add more events.

March 1-5 — CERAWeek by IHSMarkit

In lieu of the week-long, in-person mega-conference that is the annual CERAWeek by IHSMarkit, the 2021 iteration will be completely virtual. Need some ideas of what panels and talks not to miss? Click here for five recommendations of what to attend.

The conference takes place Monday, March 1, to Friday, March 5. Click here to register.

March 2 — Houston Innovates: Digital transformation and Innovation in Oil & Gas

Digital forces are changing the skills an executive needs to manage organizations. In a world that's become increasingly digital, energy companies can sometimes find it hard to adapt. Join General Assembly Houston for a panel discussion with:

  • Sameer Khan, digital leader (MarTech and Transformation) at ExxonMobil
  • Sarah Vega, vice president of IT & Change at SmartestEnergy
  • Ricky Burns, business transformation team lead at BP
  • Jose Beceiro, senior director of Global Energy 2.0 at the Greater Houston Partnership

The event is on Tuesday, March 2, at 9:30 am. It's free and can be accessed online. Click here to register.

March 2 — Ladies Who LaUNCH #13: The Female Superpower

In 2020, 40 percent of US businesses were owned by women and generated $1.8 trillion. With these numbers in mind, it comes as no surprise that the presence of women in entrepreneurship and investing is growing.

Why do women-led companies financially outperform their male counterparts? And what are the "female superpowers" behind our ability to excel in these fields? Join featured speaker, Megan Bent, as she explores the research, data, and her own experience in the importance of female leadership in entrepreneurship and investing, and how to leverage your differences to your advantage.

The event is on Tuesday, March 2, at noon. It's free and can be accessed online. Click here to register.

March 3 — What's Next in Crypto?

Baker Botts and TeamBlockchain are hosting a webinar discussing trends in cryptocurrency. Key speakers from the sector include:

  • Ali Dhanani, partner at Baker Botts
  • Sarah Beaumont, associate at Baker Botts
  • Jonny Fry, co-founder & CEO at TeamBlockchain Ltd
  • Spencer Randall, principal & co-founder at CryptoEQ
  • Ankush Jain, chief investment officer at Aaro Capital

The event is on Wednesday, March 3, at 11 am. It's free and can be accessed online. Click here to register.

March 9 — Investing in Medical Devices

Join the Texas HALO Fund for a conversation with three of the fund's portfolio companies: Adient Medical, Allotrope Medical, and PathEx.

The event is on Tuesday, March 9, at noon. It's free and can be accessed online. Click here to register.

March 10 — Open Project Night: Achieving Gender Equality in Houston and Beyond

Impact Hub Houston is bringing you a monthly opportunity to come together to work on solutions for some of Houston's most pressing issues. Our city is full of changemakers across all ages, cultures, skillsets, and industries. This is your chance to conned and collaborate for the greater good.

The event is on Wednesday, March 10, at 5 pm. It's free and can be accessed online. Click here to register.

March 10 — Conversations with Latinx Entrepreneurs in Houston

Latinx entrepreneurs are starting small businesses faster than the rest of the startup population and becoming a bigger part of the total U.S. market every day. Join General Assembly for a panel of Houston Latinx leaders as they share stories about their heritage, failures and success.

The event is on Wednesday, March 10, at 6 pm. It's free and can be accessed online. Click here to register.

March 11 — How to Sell Without Being "Salesy"

In celebration of Women's History Month, Catherine Brown and Leela Madan, both serial entrepreneurs and founders of Houston-based Founder's Compass offer their advice on selling your business.

The event is on Thursday, March 11, at 10 am. It's $30 and can be accessed online. Click here to register.

March 11 — Inspire Seminar with Leslie Wise

Join Enventure for a talk and Q&A with the president and principal consultant of Evidence Matters, Leslie Wise. Inspire is one part of Lilie's three-program career exploration series. The goal of Inspire is to share an individual's career journey so that trainees can see one of the many paths that can be taken, learn about the reality of working in these fields, and gain valuable advice from key leaders to better prepare themselves for their own career journey.

The event is on Thursday, March 11, at noon. It's free and can be accessed online. Click here to register.

March 16-20 — SXSW

Another conference is pivoting to virtual attendance this year. SXSW has flipped the switch to being online only for 2021. SXSW's seven conference themes are A New Urgency; Challenging Tech's Path Forward; Cultural Resilience in the Arts; The Rebirth of Business; Transforming the Entertainment Landscape; Connection in Disconnection; and An Uncharted Future. Stay tuned to InnovationMap for a Houston innovator's guide to the conference.

The conference takes place Tuesday, March 16, to Saturday, March 20. Click here to register.

March 17 — Top Legal Considerations for Startups

Join Rice University's Liu Idea Lab for Innovation and Entrepreneurship for a session with corporate and securities lawyer Aaron Barker, who specializes in advising companies from formation to exit, will give you the inside knowledge to help you launch your venture, and possibly save you from making a rookie mistake.

The event is on Wednesday, March 17, at 4 pm. It's free and can be accessed online. Click here to register.

March 24 — Houston Startup Showcase

The Houston Startup Showcase is a flagship event from The Ion, formerly known as Demo Day. This event will allow for developing companies to receive feedback from subject matter experts and showcase their successes thus far. The event is a year-long series of monthly pitch competitions, and results in a final winner to close the series in November. Companies are encouraged to apply online to pitch.

The event is on Wednesday, March 24, at 6 pm. It's free and can be accessed online. Click here to register.

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