Scribd
Upload
6 views14 pages

Traits of Successful Entrepreneurs

The document discusses the characteristics of entrepreneurial individuals. It defines entrepreneurs as those willing to set up their own ventures to achieve perceived rewards by initiating ideas, formulating plans, organizing resources, and taking action. Successful entrepreneurs have a strong desire to achieve, are perseverant moderate risk takers with analytical abilities who can find and explore opportunities. The document also notes some rewards of entrepreneurship like satisfaction and respect, but also penalties like limited resources, long hours, and risk of failure. It poses a quiz to help the reader understand if they have entrepreneurial traits.

Uploaded by

Manish Dhawale
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
6 views14 pages

Traits of Successful Entrepreneurs

The document discusses the characteristics of entrepreneurial individuals. It defines entrepreneurs as those willing to set up their own ventures to achieve perceived rewards by initiating ideas, formulating plans, organizing resources, and taking action. Successful entrepreneurs have a strong desire to achieve, are perseverant moderate risk takers with analytical abilities who can find and explore opportunities. The document also notes some rewards of entrepreneurship like satisfaction and respect, but also penalties like limited resources, long hours, and risk of failure. It poses a quiz to help the reader understand if they have entrepreneurial traits.

Uploaded by

Manish Dhawale
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

ARE YOU AN ENTREPRENEURIAL PERSON?

Definition of Entrepreneur:

• Who is willing to set up his own venture for

perceived Reward

• Initiate Ideas

• Formulate Plan
• Organise Resources

• Put Plan into Action

• Achieve his Goal


1. Strong Desire to achieve

2. Perseverance

3. Moderate risk taker

4. Ability to find and explore opportunities

5. Analytical Ability - Unaffected by likes and


dislikes

- Not Emotional

6. Using feedback

7. Facing uncertainty

8. Independence

9. Flexibility

10. Planner

11. Interpersonal skills


12. Motivator

13. Stress taker

14. Positive self belief

15. Orientation to future


Rewords

1. You can do things in you own way which leads to

satisfaction, as you are the reason for success.

2. Tangible and intangible Rewords – substantial

money

3. Command Respect in family and society


Penalties

1. Limited operation due to limited resources

2. Long and hard hours working affecting family life.

3. Risk of failure

4. Every thing may not always work to your

satisfaction.

Quiz
The following quiz will enable you to seek your own
entrepreneurial understanding. Tick mark one
alternative you think relevant.

A) An Entrepreneur’s primary motivation for starting his


own business is;

a) To make money
b) To work independently
c) To find an outlet for unused energy

B) To be successful in an Entrepreneurial venture you


need in abundance;
a) Money
b) Luck
c) Hard Work
d) Good ideas

C) A successful Entrepreneur;

a) Will use his personal resources only


b) Will take advantage of external resources
c) Will utilize external; resources having assessed
own resources
d) Will take benefit of all available help

D) Entrepreneurs are;
a) High risk takers
b) Moderate risk takers
c) Small risk takers
d) Do not take risks

E) The first step in starting business should be;

a) Find a product
b) Get some money
c) Select a partner
d) Do self-analysis

F) An Entrepreneur should be;


a) A businessman’s son
b) An influential man
c) From a certain community / caste
d) None of the above

G) An Entrepreneur is;

a) A born gambler
b) A born Entrepreneur
c) Not a self-made man but the one who inherits
d) A politician’s son

H) To become an Entrepreneur one must have;


a) Money
b) Long experience
c) High education
d) Initiative to do something

I) Do you believe that to be successful, an


Entrepreneur must be;

a) Dishonest
b) Unethical
c) A person with integrity
d) Perseverant

Stop, Think, Do some Self Analysis


An Entrepreneur is successful due to his capabilities to
innovate, work hard, take moderate risks, and take
opportunities use skills

Entrepreneural Charms

1. Self Employment - Best Employment

2. Entrepreneurship - Opposite of Employment

3. No Heritage

4. Manifestation of potentialities and capabilities

5. Job creators – Not seekers

You might also like