TRAITS/QUALITIES OF ENTREPRENUER

 ➢Innovation:

•  As we know that entrepreneurship is a process of innovation. Thus the entrepreneur must have the vision & talent of introducing new technology, new product, new market e.t.v

•  An entrepreneur must be creative & the activity he perform must have uniqueness.

➢ Risk bearing:

• The business activities performed by the entrepreneur is full of risk & uncertainties.

• Thus the entrepreneur must have the ability to face & bear these risk without any panic.

➢ Decision making:

• Entrepreneur are independent people who like to be decision maker rather than decision implementers.

• They always like to give direction rather than take direction from other.

• Success of entrepreneur depends upon the ability to make decision promptly & accurately & this requires creative & analytical mind.

➢ Vision:

• They must have clear & certain vision about what to do, why to do, from whom to do, where to do , & how to do.

• They must have the ability to preplan their work properly & organize their activity & resources properly before starting their work.

➢ Self motivator:

• Entrepreneur are highly motivated people who work with consistency towards the goal set by them .

• They never loose hope if encountered some initial failure.

• They always work with positive mindset .

➢ Self confidence:-

• Entrepreneur must have self belief & be confident towards their business, their product & decision.

• This can be only possible when they are providing quality product at reasonable prices.

➢ Perseverance:-

• This is the most demanded trait of entrepreneurs. Once they commit a goal they put their best effort to achieve.

• Entrepreneur are determined towards achieving success as well as growing their venture.

• They stay focused irrespective to hurdles in their way to success.

➢ Flexibility:-

• Entrepreneur show flexibility in their decision.

• They are always ready to modify their decision in case of adverse condition.

• They change their decision in accordance to present situation.

➢ Time management:-

• As it is said that time is money.

• All successful entrepreneur allocates the time judiciously according to the priority of activities.

• They understand every minute is precious for them , hence doesn’t give unreasonable long time for their leisure.