10 Essential Characteristics Of An Entrepeneur

What are the characteristics of Entrepreneur?

Who is an Entrepreneur?

First its appropriate to define who an entrepreneur is, before taking a critical look on the characteristics of the entrepreneur

An Entrepreneur is a person who organizes and operates a business venture and assumes much of the associated risk

A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur

He/she must have the "can do spirit" because everything always looks immpossible before it works. that is what Entrepreneurs are all abpout- doing what people have told them is impossible

"Enterpreneurial success takes a tenacious inner passion bordering on monomania"  quote from Kye Anderson

10 Essential Characteristics of an Entrepreneur

1. Opportunity seeking: Sees and acts on new business opportunities and seizes unusual opportunities to obtain resources

2. Persistence : Taken repeated or different actions to overcome an obstacle

                       Makes personal sacrifice or expends extraordinary efforts to accomplish a job

                       Sticks with his own judgement in the face of opposition

3. Commitment to work: Accepts full responsibility for problems in completing a job for customers.

                                       Pitches in with co-workers to get the job done.

4. Demand for  quality and efficiency: Acts to do something that beats existing standards of excellence or improve on past performance

Strives to do things better, faster and cheaper

5. Risk Taking: Takes what he perceives to be moderate risks

6. Goal settings: Sets clear and specific short term objectives

           

                        Sets clear and long term goals

7. Systematic planning and monitoring: Develops and uses logical step by step plans to reach goals

                                                                    Evaluates alternatives 

                                                                 Monitors progress and switches to alternatives when needed.

 8. Information seeking: Personally seeks information on clients, suppliers and competitors.

                               

                                          Uses information networks to obtain essential resources.

9. Persuasion and networking: Uses deliberate strategies to influence or persuade others.

                                                    Uses business and personal contacts to accomplish objectives.

10. Self confidence: Has strong belief in self and own abilities

                                 Expresses confidence in own ability to complete difficult task