CHARACTERISTICS OF ENTREPRENEURS

Entrepreneur possess several positive

characteristics:

Through their innovations, they contribute

to the improvement of the standard of
living. So, they do not only help the
economy, they also help society

Entrepreneur Defined
These are several definitions or meaning of
entrepreneur:

He is one who takes risks and makes

innovations on the factors of production.
In French concept, an entrepreneur is an
adventurer, undertaker, and projector. His
function is to supply and accumulate capital.
To Schumpeter, an entrepreneur is an
innovator.
Peter Drucker says that an entrepreneur
always searches for change, responds to it
and exploits it as an opportunity.

An economist explains that an entrepreneur is one

who shifts economic resources from an area of
lower productivity to an area of higher productivity
and greater yield.
The American Heritage Dictionary defines an
entrepreneur as a person who organizes, operates,
and assumes the risk for business ventures.
The pure entrepreneurs are those who launch their
own ventures from scratch.
According to Geoffrey Meredeth entrepreneurs are
people who have the ability to see and evaluate
business opportunities.

Here are the

most important
characteristics
of
entrepreneurs:

Characteristics of Entrepreneurs
Characteristics are distinguishing traits or
qualities, like:

Reasonable

takers
Entrepreneurs enjoy challenges
But they are careful and calculating

Successful people always attribute their success

to hardwork

Entrepreneurs are
creative

They do things in new

and different ways

Entrepreneurs are leaders by the very

nature of their functions
Here are the essential leadership
qualities:
Selfless dedication
Purpose and vision
Courage
Conviction
Enthusiasm
Integrity
Tact
Hardwork

Entrepreneurs are positive thinkers

They think of success and bright sides

Entrepreneurs make decision

The success of their business depends on
their ability to make right decisions

Entrepreneurs have strong faith in their

abilities

Decision-making has six distinct phases:

1. Identifying the problem
2. Gathering the data about the problem
3. Analyzing the data
4. Formulating alternative solutions
5. Selecting the best solution; and
6. Implementing the solution/decision.

A presentation made by:

Isabel Booc
and

Risgil Sagarino