Traits, Skills, and Characteristics of Successful Entrepreneurs

Entrepreneurship and Small Business Management

P5 Determine the traits, skill and characteristics of successful entrepreneurs that
comparison them to other enterprises.
 CHARACTERISTICS OF ENTREPRENEURS
Innovator
Risk Taker
Self Motivator
 TRAITS OF ENTREPRENEURS
Extrovert
Openness
 SKILLS OF ENTREPRENEURS
Communication Skill
Team Building Skill
Decision Making Skill

P6 Understand that how the personality reflects entrepreneurial mindset and motivations.
Sir Richard Branson
He is the most successful entrepreneur in UK. It is the founder and CEO of Virgin
group that involves Virgin Airways, mobile and Megastores. This successful
entrepreneur used the money earned from virgin record and also start different
companies. It is also known as the eccentric personality to easily understand the
demand of consumers. There are some common mind-set and motivation of
successful entrepreneur.

Cont.
 Positive Mental Attitude- It is an essential mind set of successful
entrepreneur of Richard Branson that influence the culture of company. It
helps the business to change the outlook for employee towards the goals and
objectives. He always encouraging the employee to create positive culture and
linked to the higher enterprises profitability and productivity.
 Creative Mind set- It is another mind-set that reflect on the personality of
Richard Branson to always create innovative idea in the business growth and
development. He always putting new concept in the product and services for
increasing demand in global world.