The presentation outlines essential characteristics of entrepreneurs, categorizing them into five clusters: personal traits, inter-personnel behavior, achievement, planning, and power. Key traits include a positive mental attitude, sociability, strong decision-making skills, and effective planning abilities. Successful entrepreneurs demonstrate resilience and adaptability, embodying the adage, 'when the going gets tough, the tough get going.'

1. ESSENTIAL
CHARACTERISTICS
OF AN ENTREPRENEUR
PRESENTATION BY
Himansu S M / 16-Jul-2013
1

2. INTRODUCTION
• Entrepreneurs are Human Beings like us.
• But the do have certain personal traits which
make them stick to the business and succeed.
• Many researchers & observers have found
some special characteristics that are usually
present in an Entrepreneur.
• For convenience we have broadly divided
them into the following FIVE categories -
2

3. CHARACTERISTICS
OF AN ENTREPRENEUR
• PERSONAL TRAITS
• INTER-PERSONNEL BEHAVIOUR
• ACHIEVEMENT CLUSTER
• PLANNING CLUSTER
• POWER CLUSTER
3

4. PERSONAL TRAITS - 1
• Positive Mental Attitude
• Positive self-concept
• Entrepreneurs have a Positive Attitude towards
Failure
• Prudence
• Creativity
• Entrepreneurs are very Optimistic
• Possess Technical Skills and Knowledge
• Knowledge & Knowledgeability
4

5. PERSONAL TRAITS - 2
• Passionate about Learning
• Entrepreneurs are typically Multi-Skilled & Multi-
Faceted
• Independence
• Flexibility
• Analytical Ability
• Orientation for Future
• Hardworking
• They are self-motivated
5

6. INTER-PERSONNEL BEHAVIOUR
• They Enjoy being around People
• They are Gregarious (Sociable)
• They have Excellent Communication Skills
• They have Interpersonal Skills
• They are Good Motivators
• They are Self-Driven with High Energy Levels
• They have Excellent Negotiation Skills
6

7. ACHIEVEMENT CLUSTER - 1
• Need for Achievement
• Entrepreneurs are driven by Strong Desire
• Opportunity Seeking
• Ability to find and Explore Opportunity
• They are Strong-Willed
• Ambition
• Enthusiasm
• Commitment
• Commitment to the Work Contract
• Grateful
7

8. ACHIEVEMENT CLUSTER - 2
• Decision-Making
• Perseverance
• Persistence
• Moderate Risk Taker
• Risk Taking Ability
• Not Afraid of Risk or Success
• Stress Taker
• Facing Uncertainty
• They have Great Survival Instincts and
Adaptability
• Demand for Efficiency and Quality
8

9. PLANNING CLUSTER
• Vision
• Objectives Planning & Goal Setting
• Dedication
• Information Seeking
• Using Feedback
• Systematic Planning and Monitoring
• They are System-Oriented
• They do Value Addition
• They are Intuitive
9

10. POWER CLUSTER - 1
• Entrepreneurs are Great at Persuasion and
Networking
• They have a Great Amount of Self-Confidence
and Self Esteem
• They are Authoritative
• They have a Sense of Ownership
• They are Good Team Players
• They are also Good Leaders
10

11. POWER CLUSTER - 2
• They exhibit Resourcefulness
• They are Dependable
• Proactive and not Reactive
• They possess Leadership Quality
• A Leader by Example
• Entrepreneurs work under Constraints but
Never Accept Constraints
11

12. WHEN THE GOING GETS TOUGH,
THEN THE TOUGH GET GOING
• This is a Popular Adage which literally
sums up all the characters of successful
Entrepreneurs.
• (This is attributed to both Joseph P. Kennedy (1888–
1969), father of U.S. President John F. Kennedy, and
sometimes to Norwegian-born American football
player and coach Knute Rockne (1888–1931)
12

13. WHEN THE GOING GETS TOUGH,
THEN THE TOUGH GET GOING
This means that
when the situation (GOING)
becomes (GETS)
difficult (TOUGH),
then mentally strong and determined
people (TOUGH)
are able to manage (GET)
the situation (GOING).
13

14. HIMANSU S M / 16-JUL-2013
THANK YOU!
14