Characteristics Of A Successful Entrepreneur

An entrepreneur should be:

1. Creative and inventive. This means being able to utilize the imagination to create something diverse or unique. This is the creativity to innovate new product and ideas.

2. Innovative or pioneering. This means being able to discover fresh methods or processes of doing things and to make alterations where needed. It includes coming up with novel ideas.

3. Flexible and adjustable. This means to be simply compliant or adaptable. The entrepreneur must become accustomed to changes in equipment, technology and changes in demand in this fast changing business environment.

4. Goal-oriented. The entrepreneur should aim towards attaining the goals or objectives of the business. He or she should stay focus on the aims and objectives of the business.

5. Persistent or determine. This means one should be able to carry on determinedly in a certain way regardless of complicatedness. In other words, being persistent means not giving up on an initiative or task even if there are problems. The entrepreneur should take care of these problems and continue the task, resulting in the accomplishment of the goals and objectives of the business.

6. Very much dedicated. This means the entrepreneur should have a high measure of dedication and hence hard work with determination will make the business successful.

7. Propensity to take calculated risks. This means that the entrepreneur should be an individual who has the wisdom of exploring business opportunities and is eager to take risks based on the fact that the individual has examined the business environment and feels that there can be victory and accomplishment for the business. Therefore, the entrepreneur will identify and take advantage of opportunities.

8. Able to cope with doubts or uncertainties. One should look at the risks that cannot be insured against and are looked at as uncertainties or doubts. These risks must be dealt with by the entrepreneur.