2. Characteristics of Entrepreneur
Product or Service Knowledge
Ability to Network
3. 1. Passion:-
More often that not, entrepreneurs are extremely passionate about
Their work. It is this passion that maintains momentum during times
Of uncertainty. To become a more passionate business leader, you
Are required to focus more on the meaning of your work.
Entrepreneurs need motivation to constantly push their skills to
Say relevant in a dynamic market. To build motivation, you can start
By looking at things at the micro-level. Set and build a ladder towards
Large ones. Maintain morale and confidence throughout your journey
4. 3. Product or Service Knowledge :-
Entrepreneurs are required to know what products or services
They want to offer and who their target audience is. Clearly identify
The category of your products or services and be very clear about how
They are beneficial to your customers.
4. Risk Management :-
Entrepreneurs inevitably require to take risks. When faced with
A difficult situation, you are required to make informed decision after
Planning for all eventualities. As an entrepreneur, risk-taking is a major
Requirement if you wish to emerge above your competition.
5. 5. Self –Confidence :-
Entrepreneurs invest their time and resource in particular initiative because
They are confident about creating something better than what the market
Has to offer. The road goals may have poorly defined grey areas, but ultimately.
Those who persevere are the ones who succeed.
6. Money Management :-
Entrepreneurs require to keep track of the financial situation of their business,
Past record and future targets. Even if you hire an accountant, you are the final
decision maker. You are require to be well aware of the financial situation of your
Be able to make sound decisions.
6. 7. Vision :-
Entrepreneurship involves knowing what you want to achieve
Setting a goal and working towards through tangible milestones.
Vision is what defines the identity of an organization.
8. Decision-making ability :-
Entrepreneurs often require to make quick decisions and take
Actions. To improve decision-making skills, always avoid reacting
Spontaneously to situations and circumstances.
7. 9. Adaptability :-
In the infant stages of a business, entrepreneurs to manage
Multiple aspects of the business like finance, marketing and sales
Simultaneously. Flexibility in your schedule, and even in your thinking,
Is crucial to continue growing in challenging situations.
10. Ability to Network :-
The ability to make connections and seize opportunities as and
When they appear is crucial to successful entrepreneurship. Interacting
With new people facilities access to resource or knowledge that may
otherwise be out of your reach.