ATTRIBUTES, QUALITIES, AND

CHARACTERISTIC OF AN
ENTREPRENEUR

CHAPTER 3
 INTRODUCTION
A person who organizes, operates, and assumes the risks for
business ventures.

Entrepreneurs develop scarce resources into successful business

by their instinct for opportunity, sense of timing, hard work, and
idea-producing activity. They accelerate the development of our
economy.
- He is an individual or a
person who owns and
manages his own business,
and is engaged in selling,

- A middleman who stands

between buyer and seller. He
is one who takes risks and
makes innovations on the
factors of production, an
adventurer, undertaker, and
projector.
Attributes of
and
Entrepreneur
What Is This
● SELF-AWARENESS
Topic About?
He knows who is he, what
he is good at, and what he
likes to do.
● SELF-MOTIVATED
Also known as drive, self-
motivation is one of the
most important personality
traits of successful
entrepreneurs.
Courage – The willingness to
take risks is a valuable trait when
According to Dr. Charles
striving for success. Flory, noted American
psychologist, said that wealth
Confidence – Positive
thinking is a major step in the
does not always come to the
direction of success. most intelligent or the most
ambitious individuals, but
Positive thinkers -
Entrepreneurs are positive
those individuals who think
thinkers. They think of success money.
and bright sides. Such success
consciousness leads entrepreneurs
to success.
Patience - can reward us with positive
recognition, better sales, increased customer
satisfaction or stronger profits.
Patience keeps us out of the reach of negative
thoughts that could cloud our judgment.
Decisiveness - business has been described
as a process of making one fast decision after
another. often, a decision has to be made
immediately on the spur of the moment. in
those instances, one should go with his
intuition and trust that he is doing the right
thing.
Experience - A primary reason some
businesses fall within a few years of start-
up is lack of business experience. whether
or not one's experience is directly related
to business he is planning to start. it is a
key component for growth.
Knowledge - has great value since it is
inherently unique to your organization. It
shapes and drives your business activity,
your ability to sell or do more, and stand
apart from your competitors.
Information Seeking - The Drive - The successful business
entrepreneur continuously seeks for
relevant information regarding the person does not view obstacles
market, clients, suppliers, and or stumbling blocks as
competitors, and consults experts’ advice problems, but rather as
on business and other technical matters.
Perseverance- If you are like the challenges.
majority of new small business owners,
the entire staff and support system for
your venture is probably you.
Risk-Taking - Entrepreneurs are
known for being risk takers. They prefer
tasks, Which provides them some
challenges. A risky situation exists when
result are not certain. In Business, it is
profit or loss.
Innovative - They do things in new
and different ways. They love to explore
the unknown and to blaze new paths of
progress.
Opportunity-Seeking - An
entrepreneur readily identifies
opportunities for going into or to improve
his business. Moreover he will seize
unusual opportunities to tap sources of
financing acquire equipment, land
workspace or business information and
assistance.
Demand for efficiency and
quality - Setting high, but realistic
standards of excellence for himself, he Persuasion and networking- a
finds it difficult to compromise on those
standards.
persuasive person, the
Systematic planning and entrepreneur easily establishes
monitoring - as a careful panner the, a network of personal and
the entrepreneurs set what are to be business contact around him.
accomplished, and meticulously assess
how todays activity can contribute to the
accomplishment of his long-term goal.
Thankyou for GROUP 3
listening! MA. THERESA
Godbless  MANALUNSUNG
ANGELICA PAULA SIBUG
ROSELLE SALVADOR
MA. LOURDES MANABAT
MARIANE RIVERA
MERVYN LLOYD GARCIA