TLE 4

1. CHARACTERISTICS OF ENTREPRENEURS

2. Entrepreneur possess several positive
characteristics:

3. Through their innovations, they contribute
to the improvement of the standard of
living. So, they do not only help the
economy, they also help society
Entrepreneur Defined
These are several definitions or meaning of
entrepreneur:

4. •He is one who takes risks and makes
innovations on the factors of production.
•In French concept, an entrepreneur is an
adventurer, undertaker, and projector. His
function is to supply and accumulate capital.
•To Schumpeter, an entrepreneur is an
innovator.
•Peter Drucker says that an entrepreneur
always searches for change, responds to it
and exploits it as an opportunity.

5. Here are the
most important
characteristics
of
entrepreneurs:

6. Characteristics of Entrepreneurs
Characteristics are distinguishing traits or
qualities, like:

7. Entrepreneurs enjoy challenges
But they are careful and calculating

8. Successful people always attribute their success
to hardwork

10. Entrepreneurs are leaders by the very
nature of their functions
Here are the essential leadership
qualities:
•Selfless dedication
•Purpose and vision
•Courage
•Conviction
•Enthusiasm
•Integrity
•Tact
•Hardwork

11. Entrepreneurs are positive thinkers
They think of success and bright sides

12. Entrepreneurs make decision
The success of their business depends on
their ability to make right decisions

13. Entrepreneurs have strong faith in their
abilities

14. Decision-making has six distinct phases:
1. Identifying the problem
2. Gathering the data about the problem
3. Analyzing the data
4. Formulating alternative solutions
5. Selecting the best solution; and
6. Implementing the solution/decision.