5. Characteristics of Successful Entrepreneur
Risk taker
Vision,
creativity
and
innovation
Determination
&
Persistence
Motivation to
succeed
Entrepreneur
No daunted by
failure
Passion
Relevant
skills and
expertise
Spot and take
advantage of
opportunities
9. “ To
be a Successful
Entrepreneur , an Entrepreneur
should have some basic qualities
in his personality.”
These are:
10. Qualities of an Successful Entrepreneur
1. Common Sense:
2. Specialized Knowledge of the Field:
3. Self Confidence:
4. Ability to Get Things Done:
5. Creativity:
6. Leadership:
7. Communication Skill:
8. Willingness to take Risk:
9. Willingness to Accept Criticism:
10. Self Motivation :
11. Determination :
12. Time bounded :
11. Role of Entrepreneur in Economy
New product in market
Money circulation
New technology
Creation of employment
Discover new source of material
Better Standard of living
New ideas bring huge changes
Develop new market
Mobilize capital resources