There are certain characteristics of entrepreneurs : Some entrepreneurs may have some special characteristics according to their capabilities. Here, we are studying the common characteristics :
1. High goals : The entrepreneurs have very positive desires to achieve high goals. Such high self motivation keeps them strong and confident to face various obstacles and misfortunes. Hence they are successful in setting a prosperous organisation.
2. Future foresight : The entrepreneurs have good foresight to know about the future market.. development and the external business environment. He can take proper decisions according to the market situations and market changes. This also helps them to take timely actions.
3. Mental abilities : Mental ability consists of intelligence and creative thinking. To be an entrepreneur a person must be intelligent and have the ability of creative thinking. This ability will help him to take proper decision.
4. Technical knowledge : An entrepreneur should have sufficient technical knowledge about the products and his plan to produce. Timely change of technology should always be updated to be in pace with the market.
5. Hard work : A successful entrepreneur will always be ready to work hard. Hard work will always distinguish a successful entrepreneur from an unsuccessful one. At the start of any venture, the entrepreneur has to work tediously, for long hours and independently handle the main areas.
6. Highly optimistic : An entrepreneur always thinks positive in all the activities. He is always optimistic with the market situations even in failure times. Such positive attitude helps the enterprise to run successfully.
7. Communication skills : This refers to communicate effectively. It is very important that the sender and receiver of the message are being understood perfectly. An entrepreneur has to communicate to various parties i.e. customers, suppliers, creditors, employees, etc.
8. Creativity : Creativity is the ability to bring something new into existence. Innovation is the process of doing new things, and creativity is a prerequisite to innovation. An entrepreneur should be creative; because ideas usually evolve through creative process whereby imaginative people bring them into existence, grow them and develop them positively.
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