CHARACTERISTICS OF AN ENTREPRENEUR

Main characteristics of an Entrepreneur 

  • Mental Ability – Entrepreneur must have creative thinking and must be able to analyze problems and situations. He should be able to anticipate changes.
  • Business Secrecy – He should guard his business secrets from his competitors.
  • Clear  Objectives  –  He  must  have  clear  objectives  as  to  the  exact  nature  of business or the nature of goods to be produced.
  • Human Relations – He must maintain good relation with his customers, employees, etc.  To  maintain  good relationship  he  should  have  emotional  stability, personal relations, tactfulness and consideration.
  • Communication Ability – He should have good communication skills means both the sender and the receiver should understand each others message.
  • Technical Knowledge – He should have sufficient technical knowledge.

PERSONAL CHARACTERISTICS OF AN ENTREPRENEUR

  • Long term involvement – An entrepreneur must be committed to the project.
  • Motivator
  • Moderate risk taker
  • Initiative
  • High energy level – He should be able to work for long hours, for which his energy level should be high.
  • Goal setter
  • Self confidence
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