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Success Factors
of
Entrepreneurs
Motivation
Motivation to perform will predict who will
do better as an entrepreneur. It encourages
people to set challenging objectives for
improved performance.
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.
Interpersonal skills
 Successful  entrepreneurs realise that
 striving for success is a lifelong process
 and understanding the necessity of
 establishing lasting relationship.
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.
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.
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.
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.
Maintain focus
Great entrepreneurs focus intensely on an opportunity
where others see nothing. This focus and intensity
helps to eliminate wasted effort and distractions.
Creativity and innovation
An entrepreneur acts innovatively by
introducing new products or
services, applying new manufacturing
methods.

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Power point of suceess factors

  • 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.