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Entrepreneurship and the Characteristics of a Successful Entrepreneur

   

Added on  2023-05-28

7 Pages1387 Words107 Views
Running head: Entrepreneurship 1
Entrepreneurship
Student’s Name
University
Course
Date

Entrepreneurship 2
Introduction
This paper is going to outline the details about entrepreneur and entrepreneurship skills in
coming up with a new idea. An entrepreneur is defined as a person who sets up a venture aiming
to earn a profit at the end of the period. Entrepreneurship is the act of coming up with a business
idea and implement it in the market (Bernal and Liñán, 2018). This process helps in utilizing the
limited resources in the community by coming up with unique and special products and services
in the community. For example, an individual may start an online business in the market where
does not exists. For an individual who is an entrepreneur is supposed to express some culture in
this process for it to be successful. An entrepreneur must be responsible for any success or
failure in the business operation is he/she must achieve the goals and objective of the new
business. Some characteristics are required for the business to be successful. These
characteristics may be acquired through education, training or are inborn meaning are personal
traits (Sabitha, Krishnan and Gloria, 2018). Some of the personal characters are important for the
success of the business and others always hinder the progress of the entrepreneurial projects. In
this paper, I will express my personal characteristics which are strong enough to make successes
in business and other which may hinder me from developing and running a successful project. I
will start with strong traits in my life.

Entrepreneurship 3
Strong characteristics in Entrepreneurial Project
An entrepreneur exhibit various characteristics that enhance his success in the business
world. Some of the characteristics are important for an entrepreneur to survive in starting and
making the business project to grow. Some of those characters include hardworking, respect,
being innovative, being flexible, risk-oriented, goal oriented, flexible, and ready to listen and the
list is endless (Kamis, Hussain, and Rahim, 2018). The following are three aspects of my
characteristics which I see them be strong enough and are able to support me in building up the
successful entrepreneurial project.
Hardworking.
Am a hardworking individual in my life. Am always focused to achieve my dreams and
goals in life through working hard. This signifies that an entrepreneur needs to be
hardworking aiming to achieve the business goals (Darmadji, 2018). Hard work is one of
my good character that will help me to overcome the entrepreneurial challenges.
Being creative.
Creativity is a very important aspect in that determines the success of an entrepreneur in
the business field. Creativity enables an entrepreneur to generate new ideas and unique
services in the market or field of specialization. This trait of being creative always
inspires me to find the solution for most of the existing problems in the market, therefore,
becoming successful in developing solutions for the entrepreneurial project.

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