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Identify potential evidence of key personal qualities desirable in an entrepreneur

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Introduction

Starting Up a New Business Task 4 Identify potential evidence of key personal qualities desirable in an entrepreneur What kind of person is willing to take the risk of starting a business? What are the qualities needed for success? It is difficult to generalise, as each case must be viewed on its own merits. Hard working Successful entrepreneur must demonstrate high level of energy. Most of successful entrepreneurs don't know how to stop working they always seems restless, work 14-16 hours a days, take few holidays. ...read more.

Middle

* The need for concrete feedback regarding performance. I think these three traits strongly connected with entrepreneurial success. The need for power as a possible source of the successful business leader ambition. However, entrepreneur with a great need for power perform less well when starting their own business than those with a moderate need. The latter group are able to adopt a more democratic style of management and delegate decision making as the business grows. Many people who start their own business do so to gain some control over their own working lives. ...read more.

Conclusion

Entrepreneur must be prepared to take the risks, and put in the time and effort, to make the business a winner. Planning and control Entrepreneur are also likely to contribute to the overall planning of company activities along with the owner and other managers. They also have a controlling role in the business. This may involve control of finance, equipment, time and people, for example. Entrepreneur desirable qualities are: Ability to work long hours Commitment to personal development and training Ability to get on with people Ability to know where to get appropriate advise ?? ?? ?? ?? Justinas Ivaskevicius ...read more.

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