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- Characteristics of an entrepreneur
- Features of an entrepreneur
- Qualities of an entrepreneur
Entrepreneurs are born to fight, struggle and achieve the success by an undergoing long term process. They dream it and achieve it by dreaming. Its the magic of being an entrepreneur.
By the way, this article is not going to say about that magic of an entrepreneur rather than the qualities or characteristics which make him to dream and take innovation to enterprise and establish his business.
Different authors and scholars provide various types of characteristics of an entrepreneur in their books and blogs. After analyzing so many of those, I have found the following characteristics of a successful entrepreneur effectively...
01. Psychological Feature: An entrepreneur has a lot of psychological features such as a strong desire for getting success, power, freedom, self-confidence, acknowledgment, ability to take risks, forecasting ability, creativity, innovation power, commitment, intention power and sticky for working hard etc.
02. Economical Feature: An entrepreneur has also some economical characteristics also such as the ability of funding working capital and utilizing it efficiently, professional experience, previous experience of being an entrepreneur, technical knowledge and knowledge of developed structure etc.
03. Social Feature: An entrepreneur has some social features such as leadership ability, participate in social activities, family branding etc.
04. Personal Feature: Personal characteristics are different types. Personal characteristics of a successful entrepreneur can be educated, sales person or selling ability, strategic thinking ability, activeness, smart and lucrative personality etc.
The above mentions characteristics of an entrepreneur that make him successful. Now-a-days business means a lot of competition. In the market, an entrepreneur has to make scope for himself by any means. The qualities of an entrepreneur make him success basically.
By the way, without the above discussed features, an entrepreneur has some other characteristics also which are as follows...
05. Keen Desire For High Achievement: Having a desire for completing a task perfectly means having a keen desire for high achievement.
An entrepreneur has to have a strong intention for high achievement. This keen desire helps him to achieve his goal.
It is an ideal feature of an entrepreneur as well as an ideal quality of a successful entrepreneur.
06. Mentality to Take the Risk: An entrepreneur has to have the mentality to take the risk. Because business means taking risks. To elaborate on the context, we can say that business means taking the risk in order to hope for earning profit.
So, without taking risks, an entrepreneur can't become a businessman. To become a successful business person, an entrepreneur should have the mentality to take the potential risk included in his project.
07. Power of Innovation & Creativity: It is the extraordinary characteristics of an entrepreneur. A successful entrepreneur must have such a feature.
To get successful in the long path of entrepreneurship, an entrepreneur must have the power of innovation and creativity.
Innovation means not only to innovate new products or services but also to present old products in a new and lucrative way, creating a new market for a product, searching for a new source of raw material, etc.
Some entrepreneurs may fit the market only for having the power of innovation and creativity. It is the most appreciated characteristics of a successful entrepreneur.
By the way, At the concluded point, we can say that being an entrepreneur is a challenge. Everyone can't be an entrepreneur. It can be only that person who has the above characteristics in his/her character.
