Key Characteristics of Successful Entrepreneurs
Successful entrepreneurs demonstrate hard work, self-reliance, optimism, foresight, planning, and organizational skills, along with the ability to take calculated risks and maintain high energy levels. They also excel in communication, decision-making, and maintaining public relations, showing a strong inner drive to succeed and adapt to change. These traits enable entrepreneurs to navigate challenges and drive business growth effectively.
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Presentation Transcript
Characteristics of successful Entrepreneur 01 Folder Hard Work 02 Self-reliance and Independence Open folder 03 Highly Optimistic Briefcase 04 Customer review RTL Keen Foresight 05 Planning and Organising Ability Employee badge 06 Meeting Innovativeness 07 Calculated Risk-Taking Ability Business Growth 08 High Level of Energy and Endurance Handshake
Characteristics of successful Entrepreneur 09 Maintenance of Public Relations Folder 10 Communication Skill Open folder 11 Inner Drive to Succeed Briefcase Strong Belief in themselves 12 Customer review RTL 13 Employee badge Openness to Change 14 Meeting Enthusiasm 15 Creativity Business Growth 16 Decision-making Handshake
1 Hard Work A successful entrepreneur is one who is willing to work hard from the very beginning of his entrepreneur with his tenacity and hard work and pervasive perseverance can revive his business even from the verge of collapse. enterprise. An
2 Self-reliance and Independence A successful entrepreneur wants to follow his own routine policies and procedures and he does not like to be guided by others. He is found to be self- reliant by acting as his own master and making him responsible for all his decisions. He does not like to work for others.
3 Highly Optimistic Successful entrepreneur is always optimistic about his future and he is never disturbed by the present problems. He always expects a favourable situation for his business and hence, he is able to run his business successfully in the midst of temporary hurdles. He does not allow the past to obsess him.
4 Keen Foresight An entrepreneur must have keen foresight to predict the future business environment. He has the capacity to visualise the likely changes to take place in the market, customer s attitude, technological developments, policy, etc., and take timely actions accordingly. Government s
5 Planning and Organising Ability An entrepreneur is a firm believer in planning and systematic work. Above all, he must have the ability to bring together all scattered resources required for starting a new venture.
6 Innovativeness When all is said and done, innovation becomes a different task. One should be always innovative to satisfy the varying demands of customers. For this purpose, the entrepreneur should initiate research and innovative activities to produce new goods and services. It is a never ending process. All entrepreneurs have a passionate desire to do things better and to improve their products or service. They are constantly looking for ways to improve. They're creative, innovative and resourceful.
7 Calculated Risk-Taking Ability An entrepreneur must be a moderate risk-taker and learn from any failures. An entrepreneur is not a gambler and hence, he should not assume high risk. However, he must love a moderate risk situation, high enough to be exciting, but with a fairly reasonable chance to win.
8 High Level of Energy and Endurance Entrepreneurs are more energetic than the average person. That energy may be a critical factor, given the incredible effort required to start a company. Long hours and hard work are the rule rather than the exception. Success of an entrepreneur demands the ability to work long hours for sustain period of time
9 Maintenance of Public Relations The extent of maintenance of public relations or human relations has a vital role to play on the success or failure of an entrepreneur. A successful entrepreneur must have cordial relations with his customers to gain their continued patronage and support. He must also maintain good relations with his employees with a view to motivating them to higher levels of efficiency. Similarly, he must maintain good relations with his suppliers, creditors and the community at large so that he may succeed in his venture.
10 Communication Skill Communication skill is the secret of the success of most entrepreneurs .Good communication skill enables them to put their points across effectively and with clarity and thereby, helps them to win customers.
11 Inner Drive to Succeed Entrepreneurs are driven to succeed and expand their business. They see the bigger picture and are often very ambitious. Entrepreneurs set massive goals for themselves and stay committed to achieving them regardless of the obstacles that get in the way.
12 Strong Belief in themselves Successful entrepreneurs have a healthy opinion of themselves and often have a strong and assertive personality. They are focused and determined to achieve their goals and believe completely in their ability to achieve them. Their self optimism can often been seen by others as flamboyance or arrogance but entrepreneurs are just too focused to spend too much time thinking about unconstructive criticism.
13 Openness to Change If something is not working for them they simply change. Entrepreneurs know the importance of keeping on top of their industry and the only way to being number one is to evolve and change with the times. They're up to date with the latest technology or service techniques and are always ready to change if they see a new opportunity arise
14 Enthusiasm Often coming hand-in-hand with ambition, enthusiasm plays a great role in the entrepreneur's motivation. While ambition may be the key to the entrepreneur's ignition, enthusiasm is the gas. Every successful entrepreneur has a positive outlook giving him the energy to pursue his endeavors. Without enthusiasm, an entrepreneurial project will slowly wither into inactivity and failure.
15 Creativity When problems do arise, you can count on creativity to bail you out. Creativity is probably what led you to envision your company in the first place, and it'll be creativity that will help you realize the possible solutions to any hitches that might come your way. Successful entrepreneurs find inspiration throughout the entire process, and often discover ways to turn roadblocks into opportunities.
16 Decision-making Entrepreneurs call all the necessary shots. While their creativity makes them men of ideas, it's their ability to make decisions that will make them men of action. The decisions that entrepreneurs make will determine the fate of the company, and it's only through decision making that things will actually happen. An entrepreneur with poor decision-making skills will have his company caught in a state of inactivity and degradation; good decision-making skills, on the other hand, will ensure that the best possible measures in putting up the business will be enforced.
