Characteristics of a Successful Entrepreneur: Richard Branson

Entrepreneurship

Table of Contents
Introduction.........................................................................................................................................3
Main body............................................................................................................................................3
A successful entrepreneur..................................................................................................................3
Entrepreneurial motivations...............................................................................................................4
Entrepreneurial characteristics...........................................................................................................5
Big five personality model.................................................................................................................5
CONCLUSION....................................................................................................................................7
REFERENCES....................................................................................................................................8
Introduction
Entrepreneur reason person who take risk of starting a new business venture and they
create a farm, which aggregates the capital and Labour in order to produce goods and services
for the profits. Entrepreneurs are owner of the business and they are having some skills and
characteristics that makes them different from the normal businessman’s.
This report will cover one of the successful entrepreneur from the United Kingdom
Richard Branson. he became entrepreneur in the age of 16 and Richard is also remembed
Because he was youngest entrepreneur. This report will cover a characteristics and Traits
often entrepreneur that make them successful in their business. It will also include big 5
model to explain the personality often entrepreneur briefly.

Main body
A successful entrepreneur
Richard Branson
Sir Richard Branson is an you case one of the most successful entrepreneur who is
owner or founder of one of the known group called Virgin group and right now this Virgin
group is controlling over more than 400 companies in different different fields. Branson came
from Poor family Anne he started his own business in age of 16. in ear 1970 Richard opened
his own Mail order record business and he operated chain of record store Called Virgin
records. After some time Branson change the name from Virgin records to the Virgin
megastores. During the 1980 the version brand was growing rapidly and with that Branson
Atlantic. In March 2000 Branson was knighted at Buckingham Palace for service to
entrepreneur, In year Richard become prominent global figure for his work him using
transport, and His good work toward the society. Richard was brilliant in a business that he
already showed when he was young and his own motivation make him successful in their
business. he belong to the poor family when he was just 16 still he start his own business and
make himself successfulentrepreneur. Richard characteristics are that he is very confident, he
always take decision on time, have new ideas related to the business. He and he always find a
new way to doing a work and understand how he can provide satisfaction to the customers by
providing his own products and services.
Entrepreneurial motivations
To become a successful entrepreneur a person should identify their opportunities and
stretch from the external environment. they should always find their motivation that allow
them to work toward their life goals and there objectives. Entrepreneurs are owner of the
business and they are having some skills and characteristics that makes them different from
the normal businessman’s.
Set personal goals
Entrepreneur always motivate through their goals they want to achieve. They always
motivate themselves to achieve those goals and some core values they want to live by. This
makes important for The people who want to be entrepreneurs successfully.
Engage with a motivational activities