Featured Image

Important Skills and Character Traits for College Entrepreneurs

If you want to see yourself blowing your competition out of the water on Shark Tank, you need to have these important entrepreneurial skills and character traits!

If you want to see yourself blowing your competition out of the water on Shark Tank, you need to have these important entrepreneurial skills and character traits!

Entrepreneurs are risk takers and innovative thinkers. They are constantly looking at everyday problems to try and find possible solutions. They can hit a roadblock—or fail completely—and get right back up again. Does that sound like you?

Starting your own business can be super rewarding, both personally and financially. It can also be super hard. But college can be a great time to get started, especially if you go to a school with special entrepreneurship majors or programs.

Do you think you have what it takes to be an entrepreneur? A fun thing to do in your free time is to test yourself on how many different products (apps, technology, material goods, etc.) you can come up with in 10 minutes. The key here is to be able to use creative problem solving to fix an issue that plagues a certain demographic or group of people—teenagers, skiers, working parents, pet owners, whomever. What did you think of, and, more importantly, did you like the process?

If you rocked out a bunch of creative ideas, you’re off to a great start. However, it takes more than creativity to be a successful entrepreneur. You might’ve come up with all those ideas by yourself, but an important aspect of entrepreneurship is cooperation. This is vital in the business world, where strong, long-standing relationships can be incredibly valuable. And you’ll need your connections and teammates to help you get your business invested in, talked about, and used by a wider range of people than what you could accomplish on your own.

Related: 5 Ways to Prepare for Your Life as an Entrepreneur 

Speaking of cooperating with others, you may have a product or a solution to a problem in mind, but you’ll have a hard time getting it to your demographic if you can’t convince people to get on board with your idea. That means you need to have incredible communication skills, and you need to be personable, passionate, and approachable.

Credibility is also important when it comes to selling your ideas. If you follow through and do what you say you’ll do, people will trust you. And when people trust you, you’ll develop more and better relationships—including with investors who can financially support your entrepreneurial goals.

You probably are already familiar with another clutch skill entrepreneurs should have: the ability to use social media. It’s all part of marketing yourself and your ideas. We all love to hop online or check our phones for the latest Twitter trend or coolest Instagram picture. But these apps are huge platforms companies can use to reach a wider range of people. Using social media effectively isn’t the same as just jumping online and posting anything you want; each character must be thought out carefully, as to best attract your next costumer. But once you master this skill, you’ll have yet another tool in your entrepreneurial arsenal.

Becoming active in certain clubs in high school or college such as DECA, a national organization for students interested entrepreneurship, will expose you to fast-paced and fun business ideas and help you develop these skills and traits. As a member of an extracurricular like DECA, not only will you receive help from working professionals, but you will also get to work alongside peers who share your same dream.

So what does it take to make it? Is there any specific formula that a prospective entrepreneur needs to get to the top? Well, I have watched many a biography on some of the most successful business men and women of our day, and none start or finish the same. Some come from bleak beginnings and had to make their own way; others had help or stumbled upon opportunity. The best way to follow your dream is to work for it, pushing to make your idea known to the community and then to the nation. With important traits like credibility, determination, innovative thinking, and competitive risk-taking, you will become the entrepreneur your peers will one day see on TV.

Like what you’re reading?

Join the CollegeXpress community! Create a free account and we’ll notify you about new articles, scholarship deadlines, and more.

Join Now

business majors college majors entrepreneurship extracurriculars majors and academics

About Katie Basey

Katie Basey

Athlete, traveler, and aspiring writer.


Join our community of
over 5 million students!

CollegeXpress has everything you need to simplify your college search, get connected to schools, and find your perfect fit.

Join CollegeXpress


Student, University of the People

I registered with CollegeXpress and filled all my necessary and relevant information as well as the course I wished to study. A few days later, an email was sent to me with a list of schools offering the course; amongst them was the University of the People, the school I got admitted to.

Asia Stockdale

Asia Stockdale

High School Class of 2021

CollegeXpress helped me overcome a huge hurdle. Because of the small town I live in, I felt like I would never achieve more. I felt like I could never go beyond because of costs. I feared I wouldn’t be able to find scholarships. I had no idea of where to start. With CollegeXpress, I easily found scholarships—they came to me. It was a helper, and I was instantly matched with opportunities to go above and beyond educationally.



High School Class of 2021

For a long time, I've been searching everywhere to find the perfect website I can get scholarships and information from. Needless to say, I could never find the right one. That was, until I found CollegeXpress. Through my journey of finding the right scholarships for me, I was able to find articles about different things. They've all been helpful, especially in times like this! I was even able to connect with some of my favorite colleges! I love CollegeXpress. Thank you!

Keydi Banegas

Keydi Banegas

Scholarship for Students of Color Winner, Class of 2022

CollegeXpress is a great application that helped me search for many different scholarships, and it narrows the scholarships depending on how you set your profile. Not only that, but it helps you choose different colleges to apply to by finding matches through the description of your profile. It was the best experience for me.

Lorena Bacallao

Lorena Bacallao

High School Class of 2022

CollegeXpress was the foundation of my college search process. Because of CollegeXpress, I was able to make a more informed and confident decision as to where it was best to pursue my higher education. I have recommended this website to fellow peers and for first-generation students like me. It’s a website I will continue to promote because of how simple it was to use and how many opportunities were offered to me at my fingertips!

College Matches