2. Motivation
Motivation to perform will predict who will
do better as an entrepreneur. It encourages
people to set challenging objectives for
improved performance.
3. Be Passionate
You must be passionate about what you are
trying to achieve. That means you are willing
to sacrifice a large part of your working
hours to the idea you have come up with.
4. Interpersonal skills
Successful entrepreneurs realise that
striving for success is a lifelong process
and understanding the necessity of
establishing lasting relationship.
5. Willingness to take calculated
risk
Entrepreneurs have the ability to give up
job security, are prepared to take specific
kinds of risks to start a new business and
have the confidence that they are going to
be successful.
6. Perseverance
Entrepreneurs who have a positive attitude
towards their businesses, believe in their
business despite setbacks and are prepared
to persevere in their effort to ensure success.
7. Trust your gut instinct
Thereare too many variables in the real
world that you simply cannot put into a
spreadsheet. Spreadsheet spit out result
from your inexact assumptions and give
you a false sense of security.
8. Be flexible but persistent
Every entrepreneur has to be
agile, continually learning and adapting as
new information becomes available. At the
same time, you have to remain devoted to
the cause and mission of your enterprise.
9. Maintain focus
Great entrepreneurs focus intensely on an opportunity
where others see nothing. This focus and intensity
helps to eliminate wasted effort and distractions.
10. Creativity and innovation
An entrepreneur acts innovatively by
introducing new products or
services, applying new manufacturing
methods.