Characteristic Traits and Skills of Successful Entrepreneurs

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

Characteristic traits and skills of
successful entrepreneurs
Characteristics traits and skill traits of a successful entrepreneur are completely
different from business managers. These characteristic traits and personality of
entrepreneurs and their difference from business managers will be explained with the help
of examples of two entrepreneurs: James Dyson and Peter Jones.
 Characteristics traits:
 Entrepreneurs have an ability to take risk and are ready to take any kinds of risk in order to
expand their business whereas business managers do not have such skills.
 Ability of James Dyson to take risk helped him to grow his business till such an extent.
Entrepreneurs have clear goals and mission which helps them to start their own business.
 Whereas, managers only follow defined goals, never create them. Both James Dyson and
Peter Jones had developed clear vision and mission which further helped them to successfully
start and run their own business.

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 Skills:
 Entrepreneurs have leadership skills which helps them to run a business successfully whereas
managers only have management skills.
 Both James and Peter had leadership skills which further helped them in running a successful
business.
 Not only this, their leadership skills also helped him making their employees their followers
and focused so that desired objectives can be achieved.