I’ve heard a lot of great business ideas lately – and more than a few people announcing that now is the right time to go into business for yourself. I think that there’s a lot to be said for becoming an entrepreneur during a down economy – although the risks definitely go up.

There are certain characteristics that can significantly improve the odds of succeeding as an entrepreneur. Without these characteristics, though, it’s hard to do well even with the best of business ideas.

1. Discipline.

2. Calm.

3. Attention to Detail.

4. Risk Tolerance.

5. Balance.

Are there any other characteristics you think are necessary? Share them in the comments and tell us why you think a particular characteristic is crucial to an entrepreneur’s success.

Photo by fishmonk.

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