Skills and Characteristics of Successful Entrepreneurs

ENTREPRENEUR AND
SMALL BUSINESS
MANAGEMENT

Table of Contents
INTRODUCTION
P5 Essential skills and characteristics of successful entrepreneurs.
P6 Aspects of entrepreneurial personality that reflects his motivation and mindset.
P7 Role of background and experience of entrepreneurs in fostering entrepreneurship
CONCLUSION
REFERENCES

INTRODUCTION
 In order to achieve success in a business must, entrepreneur must posses various skills
and characteristics for dealing with various situations and accomplishing the business
operations effectively.
 This presentation is based on the skills and characteristics of a successful business
entrepreneur.
 It will include all the aspects of the entrepreneur that reflects their mindset and
motivation.
 It will also include the role of entrepreneur's background and experience in fostering
the idea of entrepreneurship.

Skills and Characteristics of successful
entrepreneurs
 In order to understand the skills and characteristics of entrepreneurs, J.K. Rowling is chosen for
understanding variety of skills to be a successful entrepreneur. J.K. Rowling is a author of the most
popular story and a book- Harry Potter. The following are the qualities in J.K. Rowling that succeeded
him in his business-
 Creativity and innovation- It is the most important quality and characteristic of an entrepreneur. As the
meaning of entrepreneur itself suggest that a new and creative idea for setting up a new business. The
story of Harry Potter included various fantasies and imaginary situations, that was a unique and creative
during its time of release. All these elements combined and led to the success of the story release.
 Calmness and Patience- This skill in entrepreneur is most beneficial for handling the pressure related
situations in business and other activities related to it. Staying calm and patient in stressful situation and
failures makes and individual stronger and this further lead to successful outcomes without any regrets.
Same in the case of J.K. Rowling where the story had been shown no interest by the publishers initially
but the patience and calmness of J.K. Rowling led her to concentrate more in writing it further with
modifications and changes that droved towards the successful launch of the book.