The document outlines characteristics of successful entrepreneurs, noting that while many dream of business ownership, statistics show most new businesses fail within a few years due to poor planning, lack of business knowledge, lack of entrepreneurial traits, inability to work with others, or choosing the wrong business. It then lists traits of successful entrepreneurs, including being independent, self-confident, determined, goal-oriented, having a need for achievement and high standards, being creative, able to act quickly, and keeping up with technology.

1. Characteristics of
Successful
Entrepreneurs
Prepared by: Lance Mercado

2. Is Entrepreneurship right for
you?
List your personal characteristics
that your think would contribute to
the success of an entrepreneur.

3. Characteristics of Successful
Entrepreneurs.
Many people dream of running their own
businesses. They would like to become
entrepreneurs. Entrepreneurship can be exciting,
but many go into it not realizing how difficult it is
to run their own business. In fact, statistics show
that most new businesses will fail within a few
years. These start up businesses fail because of
the owner’s poor planning, lack of business
knowledge, lack ot entrepreneruial characteristics,
inability to work with others, or failure to choose
the right business.

4. Characteristics of Successful
Entrepreneurs.
1. Successful entrepreneurs are
independent.
2. Successful entrepreneurs are self-
confident.
3. Successful entrepreneurs have
determination and perserverance.
4. Successful entrepreneurs are goal
oriented.

5. 5. Successful entrepreneurs have a need to
achieve and set high standards for
themselves.
6. Successful entrepreneurs are creative.
7. Successful entrepreneurs are able to act
quickly.
8. Successful entrepreneurs keep up to date
with technology.