Characteristics Of Entrepreneurship

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ASSIGNMENT ON ENTREPRENEURIAL SKILL DEVELOPMENT M. SOUNDARA PANDI 16 PCO 28 QUALITIES OF AN ENTREPRENEURSHIP: A person who decides to start his or her own business face a long, winding road that is tumultuous on occasion and blocked by obstacles . As a results, while thousands of new business are started each year, much more either fail or discontinue and other transfer ownership or control . if the business fails –and it could-it may not only wreak havoc with your personal savings and other assets, but it could give your ego a tremendous blow. While some people may have the motivation and desire for business ownership. They may not have taken the time to properly investigate and research their business ideas. What does…show more content…
Disciplined: These individuals are focused on making their businesses work, and eliminate any hindrances or distractions to their goals. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives. They have overarching strategies and outline the tactics to accomplish them. 2. Confidence: The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They exude that confidence in everything they do. They are confident with the knowledge that they will make their businesses succeed. 3. Open Minded: Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being generated about workflows and efficiency, people skills and potential new businesses. They have the ability to look at everything around them and focus it toward their…show more content…
They will repurpose products to market them to new industries.Entrepreneurs often come up with solutions which are the synthesis of other items. 7. Determination: Entrepreneurs are not by their defeats. They are determined to make all of their endeavors succeed, so will try and try again until it does. Successful entrepreneurs do not believe that something cannot be done. They look at defeat as an opportunity for success. 8. Strong people skills: The entrepreneur has strong communication skills to sell the product and motivate employees. They are very good at highlighting the benefits of any situation and coaching others to their success. Most successful entrepreneurs know how to motivate their employees so the business grows overall. 9. Strong work ethic: The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace. 10.

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