Qualities Of An Entrepreneur Research Paper
CHARACTERISTICS OF AN ENTREPRENEUR
There are different traits and skills that an entrepreuneur should possess and to acquire. Just like for Richard Branson, Bill Gates, Donald Trump, and countless other entrepreneurs these traits helps to have a particular advantage if we want to undertake an enterprise.
These key ingredients that lead to success, has been observed both in celebrity entrepreneurs and in most successful clients. It has been identified that they all have the following critical skills in common.
Vision & Leadership: Entrepreneurs must have a vision of where the company will be in the future. In addition, he must be able to communicate his vision so as to motivate employees, investors, and partners to help you achieve that
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It 's perhaps second in importance only to asking for the sale in terms of home business musts. In business, negotiation skills are used daily.
Confidence:To withstand the stresses associated with starting a new business and overseeing its day to day management, an entrepreneur must have a great amount of confidence in her own abilities. As well, she must trust her own special knowledge and take advantage of her unique insights; entrepreneurs must have a particular confidence in their own thoughts. People are more likely to invest both effort and money in an entrepreneur with confidence.
Risk Takers: There is typically a great amount of risk involved in starting a business. The fact of this risk often then requires a similar willingness to undergo risks in entrepreneurs. Depending on the industry, any new business may even be more likely to fail than succeed. The psychology that allows one to take great risks is a special one and not shared by all players. The ability to withstand the stresses of risk is very
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