Traits and Characteristics of Successful Entrepreneurs

ENTREPRENEURSHI
P AND SMALL
BUSINESS
MANAGEMENT

Table of Contents
TASK 2
INTRODUCTION
P 5 Different traits and characteristics of successful entrepreneurs
P6. Reflection of motivation and mindset of entrepreneurs by the
personality of entrepreneur
P 7 Hindrance or fostering of entrepreneurship with help of experience
and background of entrepreneur
M 4 Link among background and experience with characteristics of
entrepreneur
CONCLUSION

INTRODUCTION
Entrepreneurship refers to as a process through which
an entrepreneur starts its own business wherein all
the risk is borne by entrepreneur himself. This
presentation is going to discuss various characteristics
and traits of successful entrepreneurs. Next it will
show that how entrepreneurial personality reflects the
motivation and mindset of entrepreneur. At last, it will
describe the fact that background and experience of
entrepreneur either fosters or hinders the
entrepreneurship.

P 5 Different traits and characteristics of successful
entrepreneurs
Richard Branson is entrepreneur of virgin group and British
business magnet, and he controls to more than 400 companies
(Liñán, Moriano and Jaén, 2016). He starts their first business at
the age of 16 years old.
Skills of Richard Branson :-
 Confidence is the main skill of Richard Branson because he
has knowledge and this thing increase boost their confidence.
His confidence make him to success because he has also ideas
about business and he got success.
 Learner skill makes different from other business entrepreneur
because he always learns from failure and never demotivate
from failure.

 Traits of Richard Branson :-
Richard Branson has trait that he listen effectively to customers
feedback about organizations service and products and apply
thoughts of customers on their business because he always put
focus on provide goods and services to customers according to
their needs (Kellermanns, & et.al 2016).

Cont..
Characteristics of Richard Branson:-
 Richard Branson is a successful entrepreneur, and he has
characteristics like creativity (Eniola and Entebang, 2015).
That means he always focuses on creativity through match
perfect combination of unrelated situation or events to
promote and improve their products and services.
 Financial management is also characteristics in Richard and he
focus on making accurate budget for business and increase
productivity with low cost.