Behavior/characteristics/personality of entrepreneurs

Strong need for achievement;

When entrepreneurs succeed in something, their self esteem is enhanced and in some cases they are encouraged to seek other assignments. Some people’s needs are never quenched while others are satisfied at different goals they achieve. It is believed that this need for achievement is learned during childhood and teenage age years.

Risk taking propensity;

Entrepreneurs are dealing with new ideas and events whose results are uncertain. Therefore an entrepreneur must have the capacity to tolerate risk. Research shows that entrepreneurial people are calculated or moderate risk takers. Peter said an entrepreneur is opportunity focused than risk focused.

Internal locus of control;

Entrepreneurs believe that they are the ones in control of the events around them. Rotter differentiated between internal and external locus of control. Internal locus of control claims that anything that happens to a person is out of their own making where as a person with external locus of control feels powerless and looks at others as decision makers in their life.

Need for autonomy;

Very close to locus of control but inward looking for autonomy, the individual is trying to go alone. Such people try to be free from rules and regulations that will tie them down;

Determination/persistence;

These factors are necessary for success. An entrepreneur will have to overcome difficulties, must be willing to be determined when will rebuke changes and follow through on the original plan no matter how difficult the situation becomes.

Initiative; An entrepreneur must be proactive, he must be the kind of person to take a bold step and not be afraid to look and act on new opportunities. In other words they act on rather than react on their environment.

Creativity;

The thinking approach of entrepreneurs goes beyond what beyond what the ordinary people imagine to happen. The use of the sixth sense and the third eye while analyzing situations and problems at hand; Entrepreneurs have the ability to bring something new into existence. They tend to more adaptive and prepared to consider all the available alternatives.

Self confidence;

Entrepreneurship is a process that combines few attributes; an individual must also have self confidence to be able to combine and endeavor to use his or her other traits.

Trust and commitment to others;

Entrepreneurs need to have in the people around them. They recognize the value of others to help them in their ventures.

Hard work;

Entrepreneurs put a lot of extra physical and mental effort into developing their own projects. To them it is perseverance and hard work that succeeds in new venture creations which is full of risks.

Assertiveness;

Entrepreneurs have a clear stand of what they want to gain from a situation. They have a commitment to the outcome and they are willing to use different procedures to achieve the final outcome, unlike aggressive people who push their own ideas no matter what. Assertiveness relies heavily on mutual understanding and good communication skills when they want new policy or a new project to be acting on they get help of others by their assertiveness.

Information seeking and eager to learn;

Entrepreneurs are very inquisitive and they end up finding a lot of information and tire to learn more.