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
