Characteristics of Entrepreneurship
                     




Characteristics of 

Entrepreneurship  


An entrepreneur is unceasingly 

a positive thinker and a 

decision maker. The ability and 

willingness to growth, organize 

and manage a business 

venture along with any of its 

risks in order to make a profit. 


5 Characteristics of the Successful Entrepreneurs : 
 

1. Self-belief, and Disciplined Dedication - 

  

Entrepreneurs believe in themselves and are confident 

and dedicated to their project. Their intense focus on 

and faith in their idea may be misconstrued as 

stubbornness, but it is this willingness to work hard and 

defy the odds that make them successful. 


2 Ability to focus on the most important things – 
  

They have the ability to control their thoughts and 

actions and be totally present and focused with whatever 

is in front of them (and important) at the time. 


3. An open mind - 
 

The most impressive of these world-class  

entrepreneurs to me are the oldest and the youngest. 

The oldest have achieved things way beyond what most 

people could dream of, yet they still have an open mind. 

They don't rest on their laurels, instead they are always 

looking for ways to learn more about what they are doing 

and most importantly how they could do it better. 


4. Product and Market Knowledge – 
 

Entrepreneurs know their product inside and out. They 

also know the market. Most become successful because 

they create something that didn't already exist or they 

significantly improve an existing product after 

experiencing frustration with the way it worked. 


5 Effective Planning  and Strong Money 

Management - 
 

Entrepreneurship is about building a business from 

scratch while managing limited resources. Even after 

securing funding or going fully operational, a successful 

businessperson keeps a complete handle on cash flow, 

as it is the most important aspect of any business. 


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