Characteristics and Skills of Successful Entrepreneurs

Entrepreneurship and Small Business
Management

P.5 & P.6. Analysing the characteristics, skills and
motivational drivers of entrepreneur.
Every entrepreneur possess some specific skills, attributes, characteristics which make them
different from other business person. These characteristics and skills mostly contributed to make
successful in the competitive business environment. An entrepreneur requires special drives which
that assist them in implementing their creative and innovative idea of a new business. An
entrepreneur has to posses perseverance, passion and spirit of adventure with effective
management and technical ability also. The most common traits of an entrepreneur is passion,
which assist in exhausting their stamina and will power that assist in driving motivational factor in
them.

In UK itself, there are various example of
successful and well-known entrepreneur who
started from nowhere and has reached to height
of success with their different traits, skills and
characteristics. In order to achieve such great
success they look for the innovative ideas for
their product and services. Following are two
well-known and successful entrepreneur and the
characteristics, skills they possess:
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Richard Branson:
He is well known as the founder and CEO of Virgin group which controls more than 400
companies under his umbrella. Branson is an English business magnate, investor, an author. He
desires top be an entrepreneur at an early age and soon launched virgin records in 1970s and never
ended his journey and eventually being owner of one of the most reputed firm in world. Is best
known for his passion and craziness. His different personality assist in making him a great leader
and successful business man. Different characteristics traits and skill possess by Richard Branson
are as follows: