The Successful Entrepreneurs

There are numerous skills, traits, and characteristics of entrepreneurs that would be most important to have. However, while it may not be necessary to have all to be a successful entrepreneur, the following skills, traits, and characteristics would be the most important to have.

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 the people who are not afraid of taking chances though knowing that the chances might be bad, but nonetheless they are always positive and hope for the best. The risks they take are well calculated so that when it succeed, it brings good results.

1. Strong expertise on the subject before starting up – A successful entrepreneur is one who work on something which he has enough knowledge about and practice. If we take the example of patanjali ayurved ltd, the reason for the success of brand is his knowledge about ayurved and command on ayurved.

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?

Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand

An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise (Merriam-Webster, n.d). Some characteristics of an entrepreneur are, the willingness to work hard, the desire for responsibility and the confidence in their ability to succeed. The person that I chose to interview for this paper is, Adama Kuyateh.

As Bob Dylan stated in the saying, it is the content and satisfaction derived from the work is what determines success of a person and there are very few people who really did what their intuition told them and not what the society predetermined. Contrary to the social belief that material possession such as house, land, money, fame and social status is measurement of progress, Dylan indicates that real success is something that transcends the mundane ideologies and links towards the personal achievements and contribution to the world. Everyone in the world at some point of time questions if they are going on the right path to success by considering the ambiguous ideologies as our progress compass. Being an entrepreneur can really test an individual as it is a slow process rather than an

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.

There are different factors that can influence the success of a business. For each entrepreneur, the factors might be different depending on their knowledge, skills, and personal traits. However, I will mention a few key points that I consider are relevant and every entrepreneur should take into account in order to succeed. The most critical factors are execution, knowledge and skill, honesty and integrity, passion, hard work, and persistence (Sutevski, n.d). An entrepreneur needs to execute his or her ideas. Only actions lead to success, it doesn’t matter how great the ideas or plans are if there is no action there

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses

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

The main objective of this report is to know about a successful business entrepreneur of our country and how effective and efficient he/she is in their respective profession. This research will

To begin with, how do we define “a successful entrepreneur”? The Cambridge Dictionary defines successful as “achieving the results wanted or hope for/ having achieved a lot, become popular, and/ or made a lot of money” [Cambridge Dictionaries Online, 2014], and the definition of an entrepreneur is “someone who starts their own business, especially when this involves seeing a new opportunity” [Cambridge Dictionaries Online, 2014].

So why entrepreneurship? The idea that could lead to making enough money where you could pile it to a skyscraper and still be taller. So why isn’t everyone an entrepreneur? That’s because it will take blood sweat and tears to make your idea a success. The success of an idea comes in all sorts of varieties. For example, Californian advertising executive Gary Dahl, was the first to create the ordinary grey stones bought at a supply store and convinced that they were alive – Pet Rocks. The marketing strategy was built around a fad that lasted only six months, yet he made millions and got out. Marketing is way to get your name out to others.