Most successful entrepreneurs measure the pro and cons of a decision and tend to change if the situation demands.
2. Need to achieve
They got strong desires to achieve strong goals and they are self motivated
Most entrepreneur start on their own because they dislike to work for others, they prefer be their own boss and want to be responsible for their own decisions.
4. Risk bearing
Entrepreneurs are the persons who take decisions under uncertainty and thus they are willing to take risks but they never gamble with the results.
5. Locust of control
Entrepreneurs strongly believe they can govern and shape their own destiny
They stick to their jobs that they have decided to undertake. Once committed to a specific goal and course of action, they become absorbed to it. They presually solve the problems that come across their way while setting of the projects.
7. Positive self concepts
They should be always positive in their action
8. Ability to find and explore opportunities
They are always alert to opportunities and they are very quick to see and grab the opportunity. They connect problems into variable opportunities.
9. Hope of success
This is a significant quality of entrepreneur set their goals with a hope of success rather than fear of success
10. Analytical ability of mind
They are unaffected by personal likes and dislikes and they stand beyond these types of prejudices or they are realistic in their approach.
11. Sense of efficiency
They are always oriented towards actions for accomplishment of their goals.
12. Openness to feedback and learning from experience
Successful entrepreneur like to have immediate feedback of their performance. They modify their plans in their basis of the feedback, they receive from the environment around them. They learn from their experience and never get discouraged having received unfavorable information.
13. Conformity uncertainty
Successful entrepreneur are always optimistic and take every odd as the opportunity
14. Interpersonal skills
They are always comfortable when dealing with people at all levels.
15. Need to influence others
Once they act their goals, they have to play the roles of a manager too
16. Stress takers
Entrepreneurs are capable of working for long hours and solving different complexities at the same time
They should posses the quality of a leader. Leadership is the ability to exalt interpersonal influence by means of communication towards the achievement of goals.
18. Decision making skills
This is choosing a particular course of action out of several alternative courses for the purpose of achieving goals.
19. Ability to mobilize resources
The entrepreneurs are able to bring together factors of production so as to meet their entrepreneurial goals: 6Ms
- Men (labour)
- Money (finances)
20. Self confidence
Enable them to accomplish the tasks effectively and efficiently.