Qualities of a Successful Entrepreneur


The secret behind a successful enterprise is the creative and the innovative entrepreneur. Various qualities of a successful entrepreneur are discussed in this article.

In order to start or expand a business the entrepreneur requires some very essential qualities. Entrepreneur is the key person who brings innovative and creative ideas for the growth of enterprise. Various essential qualities that an entrepreneur should possess are as follows:

1. The entrepreneur should have the desire for achievement and strive hard to accomplish it.

2. The entrepreneur should be a calculative risk taker and at the same time prepared for the unforeseen risks in the future.

3. Sometimes business goals, plans have to be changed with the current scenario of the market. As such the entrepreneur should possess the willingness to change.

4. A successful entrepreneur should possess excellent management, organizational and administration quality.

5. Positive attitude towards the goals and working environment keeps the employees and colleagues of an enterprise motivated. Thus an entrepreneur should be highly optimistic.

6. Experimentation and creativity results in new product, services and new ideas. Thus a successful entrepreneur should be innovative and creative.

7. He should be able to take his own independent decisions. Moreover self confidence in him that he is right is also essential.

8. In order to see business growing we need to predict the future needs. Thus entrepreneur should be future oriented and work according to the future requirements.

9. He should have the willingness to work hard and develop the same passion among his employees.

10. A good entrepreneur is able to take right decisions at right time.

11. A good communication is an essential feature of a good entrepreneur.

12. Since risks are frequently involved in business, there is lot of stress in it. Thus a good entrepreneur should be a stress taker and be able to remain cool in adverse situations.

13. He should have the ability of leadership and ability to prove him superior to others.

14. Should be able to explore and find new opportunities for expanding the business.

15. A good entrepreneur should be realistic and practical in nature. He should possess the analytical ability.


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