Personal Characteristics Of A Successful Entrepreneur

What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?

Entrepreneurship is the willingness to take risks to create and operate a business. An entrepreneur is someone who sees a potentially

Entrepreneurship is a when you are running your own business. We use this business to have goals and go through different challenges to create value. Why is entrepreneurship important? Entrepreneurship is important because it allows to get people to created new ideas that provide others with new jobs.

In regards to entrepreneurship, there are many definitions proposed by theorists. In my research paper, I have used definition by Kinder that suits well to an entrepreneurs; “Entrepreneur is someone that alerts towards profit opportunities” (Kirzner, 1973). Profit opportunities

It is observed that the phrase “Entrepreneurship” has been used in disparate meanings by scholars around the world. In academic definition, entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control(Stevenson & Jarillo). In venture capitalist, entrepreneurship is the art of turning an idea into a business(Fred Wilson). In a simple word, entrepreneurship is the process of designing a new business and start new businesses is the most obvious example of entrepreneurship. Most researchers would agree with a definition of entrepreneurship as an activity that involves the

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

Entrepreneurship can have multiple meanings. Business daily consider it to be a business ventures that shares a commitment to turning an idea into a profitable business (Fernandes, 2016). Bruce Bachenheimer, a clinical professor of management and executive director at Pace university also mentioned "At its core, it is a mind-set, a way of thinking and acting. It is about imagining new ways to solve problems and create value." (Fernandes, 2016). I couldn’t have agreed any more as anyone can come up with an idea but implementing it to produce change in the world is where the real work starts.

Entrepreneurial leadership qualities are essential in order attain success. During different phases of life, I discovered a number of entrepreneurial characteristics within me that helped me to move forward towards my aim. Going through the literatures I have learned a number of entrepreneurial leadership qualities mentioned by qualified authors. In this paper I have mentioned some of the qualities that I have discovered within me. In this paper I have mentioned

Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.

An entrepreneur is someone who is competitive, always having an idea of what the market needs, they need to do more researches, create a business plan which will include the entrepreneur new ideas and technologies, to make the business ideal and successful. Entrepreneurs need to have a keen eye on seeing opportunities which others can not see, they need to take financial risks in setting up a business, or improve the performance of other businesses. “Starting your own business/Entrepreneurship is like jumping off a cliff and building a plane on the way down”, says Nikhlil Shah, Founder of Mixcloud.

There is no such thing as a typical entrepreneur (business case study, n.d.) and no standard and universal definition of entrepreneurship. It is derived from the French language, entreprendre, meaning assume duties or attempt. An entrepreneurship is a process of someone who has a capacity and willingness to develop, organize and manage any enterprise or business venture along with any personal financial risks in order to make profit. Entrepreneurship is a process or an activity of discovering new ways or ideas of combining resources to make profits. Besides owning a business, entrepreneurship also includes any entrepreneur or a person who is a business leader or an innovator of new ideas to process a business.

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

Entrepreneurship is when an individual decides to build a company or business in order to make profit. For example Bill Gates is the co-founder of Microsoft. He is one of the best known entrepreneurs in the world.

To be a successful entrepreneur you have to have the right qualities and knowledge to take on the market and be a successful entrepreneur and be a well renowned business man. To be a good and successful entrepreneur you have to be able to manage money well because if the entrepreneurs business is on a low budget to start off the skill and the knowledge to keep your expenses low and not to go over budget will be needed and also the ability to account for every cent and to be responsible for every worker the entrepreneur has. Also an entrepreneur has to be good at adapting in the ever changing market because of new technologies being made, it can be said that this was done very well by Michael Dell because he kept up

Entrepreneurs have a nurturing quality and are willing to take charge of, and watch over a venture until it can stand alone. They have an acceptance of responsibility. They are morally, legally, and mentally accountable for their ventures. Some entrepreneurs may be driven more by altruism than by self-interest. They reward orientation and have a desire to achieve, work hard and take responsibility, but also want to be rewarded for their efforts; rewards can be in forms other than money, such as recognition and respect. They are optimistic and live by the philosophy that this is the best of times, and that anything is possible. They have an orientation to excellence and often desire to achieve something outstanding that they can be proud of. They have strong organization and are good at bringing together the components of a venture. They want to make a profit; but the profit serves primarily as a meter to gauge their success and achievement. The demand theory holds that entrepreneurs emerge out of the combination of entrepreneurial opportunities and people who are well-positioned to take advantage of them. Anyone who encounters the right conditions might become an entrepreneur, if they find themselves in a position where they find a valuable problem that they alone can solve. An entrepreneur is a person who