CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR

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Published by Er K.N. Singh

CHARACTERISTICS OF SUCCESSFUL

ENTREPRENEUR

INTRODUCTION

Characteristics of Successful Entrepreneurs is quality is that makes a man perfect for business success. It has many features, but I have covered the main features in this post. To know what characteristics of a successful entrepreneur is, first we have to know about who is an entrepreneur and what is entrepreneurship.

ENTREPRENEUR:-

        A person who can organize, manage and run successfully an enterprise assuming a certain degree of risk is called an entrepreneur.

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       An entrepreneur may be a one that can classify the character of risk, attempt to identify the requirements of the markets and check out to satisfy the requirements by-products.

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SUCCESS ENTREPRENEURSHIP

Nature of a successful entrepreneur

   Any quite business creates risks from time to time with none information like the danger of not decided or unexpected events and should be out of control. It may be possible, that the enterprise will gain unexpected loss, be accident, plant & and machinery is broken or any occurrence takes place. The question is what an entrepreneur can do. This is the time to judge himself, how he aces and solves these incidents.

ENTREPRENEURSHIP

Entrepreneurship is a quality in a person that makes him perfect for successfully running the enterprise.

CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR:-

1.     INNOVATION:- 

       Every moment in this world, the new invention takes place, an Entrepreneur should have an innovative nature. This makes an entrepreneur a perfect businessman. He should have to generate new ideas, regarding running or setting up a business, new product quality, production capacity, and productivity, to achieve the goal and required profits.

2.     KNOW SELF THE SECOND

CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR

     An entrepreneur should analyze himself about what he can do, how he can do, where can do and having always continuous working attitude, self-confidence, and time managing power.

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3.     LEADERSHIP:-

Entrepreneurs must have a clear vision. He has got to affect a variety of workers, co-workers, businessmen daily, these are his business resources. He should have the capacity to steer the workers, business persons concerning his business. The entrepreneur who wants to achieve the settled goal and target should have the quality of leadership.

4.     PERSISTENCE:-

Entrepreneurs should have the standard of working continuously with workers and associates for completing the work, here time is not any matter.

5.     CREATIVITY:-

     It is also an important quality of entrepreneurship. Entrepreneur creates new business ideas to improve product quality, capacity, productivity and looking continuously for new ways to solve the coming problems.

6.     LEARNING HABITS:- 

         We know that learning is an art. All people learn something whenever, every moment up to a lifetime. Entrepreneurs should learn more and more every moment about their business for successful running.

7.     WORKING HABIT IS ONE OF THE

CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR:-

  Theme success depends on continuous working habits. Continuous working makes a man perfect entrepreneur, where it, not a matter the enterprise is big or small. In opening or startup period, every entrepreneur has to work hard to make the unit successful. Teamwork and continuous working create a path to success in life.

8.     VISIONARY:- 

Every entrepreneur should see his/her business. An entrepreneur should have a clear vision that how and when the aim he has to achieve. It the point that makes the entrepreneur successful and shows the success path. Clear vision is only the successful path of an enterprise.

 

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characteristics of an entrepreneur

 

9.     OPEN-MINDED IS ALSO ONE OF THE 

CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR:-

This quality of entrepreneurship says that a good entrepreneur should go out of the old thoughts and realize the new opportunities and situations for the business. He should openly discuss his ideas, business, and way forward for his works.

10.  RESPONSIBILITY IS THE MOST

CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR:-

A successful entrepreneur is responsible for each and every moment of the business. He/she should not keep the policy of “pass the buck”. He/she is always responsible for the problems due to his /her decision and action-taking.

11.  READY FOR TAKING RISK:- 

The entrepreneur should be successful who well understand that every business either big or small has risk and capable to take that risk and solve the problems created in the business. The entrepreneur is only responsible for the risk of the enterprise. He should understand and mentally be prepared to take the risk.

12.  CONFIDENCE AND WELL INFORMED IS ALSO ONE OF THE

CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS:-

This quality says that to achieve the settled goal and make successful the enterprise, an entrepreneur should always be confident and well informed about his ideas and skills. Well, informed condition inspires confidence to the entrepreneur also as his co-workers. Entrepreneurs should be conversant in daily changing world activities in trading activities with knowing about Govt. rules, legal rules also provide the business enterprise with the enhancement of trade opportunities.
 9.     OPEN-MINDED:-

This quality of entrepreneurship says that a good entrepreneur should go out of the old thoughts and realize the new opportunities and situations for the business. He should openly discuss his ideas, business, and way forward for his works.

10.  RESPONSIBILITY:-

A successful entrepreneur is responsible for each and every moment of the business. He/she should not keep the policy of “pass the buck”. He/she is only and only responsible for the problem creating decisions and actions.

11.  READY FOR TAKING RISK ALSO ONE OS THE
CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR:-

The entrepreneur should always be ready for taking risks. He should understand every business has a certain degree of risk either it may be small or big. Entrepreneurs are only one person of the enterprise that he should be mentally well prepared to take risks and responsibility.

Top 10 young entrepreneurs-2019

1.    Ritesh Agarwal.
2.    Kunal Shah.
3.    Sridhar Vembu.
4.    Azhar Iqbal.
5.    Vijay Shekhar Sharma.
6.    Sachin Bansal.
7.    Sandeep Aggarwal.
8.    Shradha Sharma.
9.    Nandan Reddy.
10.                       Phanindra Sama
Created by Er. K. N. Singh

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