Anyone who runs a business is an entrepreneur. He/she has to organize, manage and assume risks of a business. As entrepreneur is defined as "person in effective control of commercial undertaken” one who undertakes a business or an enterprise” [Kerr, 2017]. Entrepreneurs have specific qualities they have specific strengths which they draw upon for their foray into business. If you want to start your own enterprise and make it a success, you will have to play different role at different time and at different stages of the growth of your enterprise. Given below are some important characteristic of entrepreneur. He/ She should have: Quick Decision Making Ability: Ability to think on the feet and arrive at a decision quickly with appropriate logic is a must have quality for an entrepreneur [Yan, 2010]. Decision delayed is opportunity lost. Risk taking capabilities and perseverance: He/ She must be high risk taker since in any start - up enterprise there is a high degree of risk involved due to lack of complete information and high financial commitment. Due to continuous problem from unknown sources he/ she has to be courage enough to standup to them face them head on and find solution to them. High Energy Level: Entrepreneur must have never say die attitude. Entrepreneur is one man army. He/ she is the owner of the idea the vision and the enterprise. He/ She has to own responsibility to achieve success. He/ She cannot sleep at home and feel comfortable that there are people whom he employed would do work for him/her. He/ She needs to get into details of each and every activity that may affect his business. His/ Her success is directly proportional to the effort he/ she puts into a business activity. Self-discipline/ Self Belief: As a leader he/she has to set example for others. If He/ She is not discipline then the team would be doubly irresponsible. Those traits are even more needed in crisis. He/ She must show courage and have self-beliefs to pull the whole team out of crisis. Logic and Analytical bent of mind: Entrepreneur must think logically. He/ She must have a broader picture in his/her mind. He/ She must have the ability to see through the things and visualize what others cannot even think of good analytic skills go a long way in taking sound business decision. Leadership: Leadership is an absolutely important characteristics of every entrepreneur because he/ she has to own responsibility to achieve success and he/ she has only authority to run his/her own business so that he/ she has to lead his/ her staff. Commitment and determination: Entrepreneurship is a full time work. Entrepreneur will face a lot of challenges in their path. They always get a new challenges because Entrepreneur business has not a specific road map as business person. So they must need to identify their path and drive. If He/ she won’t be committed to achieve the goal and determination enough then he/ she may give up on the way.
References
Kerr, W. (2017). Personality Traits of Entreprenuers. Harvard Business Review .
Yan, J. (2010). The Impact of Entreprenuerial personality Traits on Perception of New Venture Opportunity. New England Journal of Entreprenuership .
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Anyone who runs a business is an entrepreneur. He/she has to organize, manage and assume risks of a business. As entrepreneur is defined as "person in effective control of commercial undertaken” one who undertakes a business or an enterprise” [Kerr, 2017]. Entrepreneurs have specific qualities they have specific strengths which they draw upon for their foray into business. If you want to start your own enterprise and make it a success, you will have to play different role at different time and at different stages of the growth of your enterprise. Given below are some important characteristic of entrepreneur. He/ She should have:
Quick Decision Making Ability: Ability to think on the feet and arrive at a decision quickly with appropriate logic is a must have quality for an entrepreneur [Yan, 2010]. Decision delayed is opportunity lost.
Risk taking capabilities and perseverance: He/ She must be high risk taker since in any start - up enterprise there is a high degree of risk involved due to lack of complete information and high financial commitment. Due to continuous problem from unknown sources he/ she has to be courage enough to standup to them face them head on and find solution to them.
High Energy Level: Entrepreneur must have never say die attitude. Entrepreneur is one man army. He/ she is the owner of the idea the vision and the enterprise. He/ She has to own responsibility to achieve success. He/ She cannot sleep at home and feel comfortable that there are people whom he employed would do work for him/her. He/ She needs to get into details of each and every activity that may affect his business. His/ Her success is directly proportional to the effort he/ she puts into a business activity.
Self-discipline/ Self Belief: As a leader he/she has to set example for others. If He/ She is not discipline then the team would be doubly irresponsible. Those traits are even more needed in crisis. He/ She must show courage and have self-beliefs to pull the whole team out of crisis.
Logic and Analytical bent of mind: Entrepreneur must think logically. He/ She must have a broader picture in his/her mind. He/ She must have the ability to see through the things and visualize what others cannot even think of good analytic skills go a long way in taking sound business decision.
Leadership: Leadership is an absolutely important characteristics of every entrepreneur because he/ she has to own responsibility to achieve success and he/ she has only authority to run his/her own business so that he/ she has to lead his/ her staff.
Commitment and determination: Entrepreneurship is a full time work. Entrepreneur will face a lot of challenges in their path. They always get a new challenges because Entrepreneur business has not a specific road map as business person. So they must need to identify their path and drive. If He/ she won’t be committed to achieve the goal and determination enough then he/ she may give up on the way.
References
Kerr, W. (2017). Personality Traits of Entreprenuers. Harvard Business Review .
Yan, J. (2010). The Impact of Entreprenuerial personality Traits on Perception of New Venture Opportunity. New England Journal of Entreprenuership .