Characteristics of Successful Entrepreneurs

A person who starts a business is someone who assumes the financial risk of the initiation, the operation, and management of the business. ,“An entrepreneur is someone who organizes a business venture and assumes the risk for it”. (Define an Entrepreneur, Source: H) A person who has possession of a new enterprise, or “idea and assumes significant accountability for the inherent risks and the outcome” (Source: H) can be known as an entrepreneur. “The term is originally a loanword from French and was first defined by the Irish economist Richard Cantillon.” (Define an Entrepreneur, Source: H) “Entrepreneur in English is a term applied to the type of personality who is willing to take upon her

Those people that have an entrepreneurial spirit are those with balanced talents and willing to choose risky operations. Entrepreneurs must have creativity to succeed in a work place or in

Entrepreneurs are risk takers in the market. They are willing to gamble their hard work for a business that may fail or succeed. Many fail to keep their business alive, however; others are lucky to compete and survive in the market. Entrepreneurs like Maribel Galsim, owner of Maribel’s Daycare, were successful in their business. Maribel’s Daycare was successful because of hard work, patience, and being adaptable.

An entrepreneur is someone who starts a business by organizing and having greater than normal financial risk in order to do so. There are many people who fit into being an entrepreneur. For example stores like Wal-Mart, Target, Dollar Store, and any restaurant place. I will be looking at Eliza Pinckney as

Entrepreneurs a good ability within themselves, a knowing that they can accomplish may they take their minds as well. Most people in society have a settling mindset; they accept what life deals to Entrepreneurs on the other hand, the ability to see the obstacle in front of them as Markets. to accomplish something great. This is a Major Life-Changing Mindset.

Most successful entrepreneurs exhibit certain characteristics. Some entrepreneurs are open-minded, able to learn quickly, and skilled at conceptualizing.

Baum and Locke (2004) literature review also used secondary headings to separate theoretical issues, existing research and methods. The empirical research article, discussed the relationship of entrepreneurial traits, skills, and motivation and the relationship to growth. The article was organized, and presented previous research. Studies on entrepreneurs’ traits, skills, and motivation the relationship to venture growth were introduced. The correlation between traits and skills among entrepreneurs’ was also

The list of skills required to become a successful entrepreneur is not definitive, as researchers can only suggest the skills they believe should be developed. William L. Smith (2007) believes that there is a particular set of seventeen skills required to become a successful entrepreneur, the skills can be divided into four categories: Technical skills, managerial skills, entrepreneurial skills and personal maturity skills. This, however, is not the only list of entrepreneurial skills available; the paper doesn’t mention possibly the most important characteristic an entrepreneur needs to have: the Need for Achievement (nAch), this concept was introduced by McClelland in 1961 and refers to a person’s need to do things better, faster and more efficiently (Nieuwenhuizen, 2008). People with a high achievement orientation tend to be careful with the use of their time, just like Austin MacPhee,founder of AM Sports Tours and AM Soccer Schools in Fife. He was aware of the fact that he had to sacrifice time but he did it nonetheless because he knew that hard work would get him where he wanted.

Sub-point a: Mostly entrepreneur need great spirit to arrange their way to achieved global success. They start with the first step until the final succeed. Colonel Harland Sanders try to find partner in his business. He facing a thousand rejected until he the last person accept him. Same story with Steve Jobs that he got fired at first and he get the spirit to back in the business again.

Attracting and building high performing teams is a key to success for every business and brand today. In fact, there is no bigger factor in driving a company’s long-term growth and success.

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into

In order to become a successful entrepreneur, you have to be a highly motivated individual. It is important to have

Entrepreneurship is the most powerful economic force known to mankind. The Entrepreneurial Revolution that captured our imagination during the 1990s has now permeated every aspect of business thinking and planning. As exemplified by industry players and era definers like Sam Walton of Wal-Mart, Fred Smith of FedEx, Bill Gates of Microsoft, Mark Zuckerberg of Facebook, Alhaji Asuma Banda of Antrak Group of Companies, Mike Adenuga Jnr of Globacom, and Kofi Amoabeng of UT Financial Services, the applications of creativity, risk taking, innovation, and passion lead the way to economic development far greater than anyone could imagine.

Being an entrepreneur is difficult. Not any one can be a successful entrepreneur, there are some characteristics entrepreneurs must have to face the challenges and to rise again after every failure.

Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence. Four basic aspects of being an entrepreneur regardless of the field: first, entrepreneurship involves the creation process—creating