Characteristics of successful Entrepreneur
Capacity to take risk
Capacity to work hand
Above average intelligence and wide knowledge
Vision and foresight
Willingness to defer consumption
Imagination initiative and emulation
Incentive ability and sound judgment
Flexibility and sociability
Desire to take personal responsibility.
Desire to seek and use feedback
Persistence in the face of adversity
Innovativeness and future orientation
Mobility and drive
Strong need for achievement
Ability to Marshall resources
High degree of ambition
Will to conquer & impulse to fight.
Will to prove superior to others.
Knowledge and Skills of Entrepreneur
generation & scanning of the best suitable idea
of the business objective
analysis and market research
of form of ownership
of promotional formalities
machine & material
the business operations
7 key Qualities of Entrepreneur
entrepreneur is about more than just starting a business or two, it is about
having attitude and the drive to succeed in business. All successful
Entrepreneurs have a similar way of thinking and posses several key personal
qualities that make them so successful in business. Successful entrepreneurs
like the ambitious Richard Branson have an inner drive to succeed and grow
their business, rather than having a Harvard Business degree or technical knowledge
in a particular field.
successful entrepreneurs have the following qualities:
Inner Drive to Succeed
are driven to succeed and expand their business. They see the bigger picture
and are often very ambitious. Entrepreneurs set massive goals for themselves
and stay committed to achieving them regardless of the obstacles that get in
Strong Belief in themselves
entrepreneurs have a healthy opinion of themselves and often have a strong and
assertive personality. They are focused and determined to achieve their goals
and believe completely in their ability to achieve them. Their self optimism
can often been seen by others as flamboyance or arrogance but entrepreneurs are
just too focused to spend too much time thinking about un-constructive
Search for New Ideas and
entrepreneurs have a passionate desire to do things better and to improve their
products or service. They are constantly looking for ways to improve. They're
creative, innovative and resourceful.
Openness to Change
something is not working for them they simply change. Entrepreneurs know the
importance of keeping on top of their industry and the only way to being number
one is to evolve and change with the times. They're up to date with the latest
technology or service techniques and are always ready to change if they see a
new opportunity arise.
Competitive by Nature
entrepreneurs thrive on competition. The only way to reach their goals and live
up to their self imposed high standards is to compete with other successful
Highly Motivated and Energetic
are always on the move, full of energy and highly motivated. They are driven to
succeed and have an abundance of self motivation. The high standards and
ambition of many entrepreneurs demand that they have to be motivated!
Accepting of Constructive
Criticism and Rejection
entrepreneurs are often at the forefront of their industry so they hear the
words "it can't be done" quite a bit. They readjust their path if the
criticism is constructive and useful to their overall plan, otherwise they will
simply disregard the comments as pessimism. Also, the best entrepreneurs know
that rejection and obstacles are a part of any leading business and they deal
with them appropriately.
entrepreneurs are resourceful, passionate and driven to succeed and improve.
They're pioneers and are comfortable fighting on the frontline The great ones
are ready to be laughed at and criticized in the beginning because they can see
their path ahead and are too busy working towards their dream.
WOMEN ENTREPRENEUR IN INDIA: The
Indian sociological set up has been traditionally a male dominate done. Women are considered as weaker sex and always
to depend on men folk in their family and outside, throughout their life. They
are left with lesser commitments and kept as a dormant force for a quite long
time. The Indian culture made them only subordinates and executors of the
decisions made by other male members, in the basic family structure.
traditional set up is changing in the modern era. The transformation of social
fabric of the Indian society, in terms of increased educational status of women
and varied aspirations for better living, necessitated a change in the life
style of Indian women.
families do have the privilege of being envied by the westerners, since women
here are taking more responsibilities in bringing up children and maintaining a
better home with love and affection. At the family level, the task of
coordinating various activities in a much effective manner, without feeling the
pinch of inconveniences, is being carried out by the women folk.
Indian women have basic characters in themselves in the present sociological
and cultural setup as follows.
women are considered as Sakthi, which means source of power. Effectively
coordinating the available factors and resources.
execution of decisions imposed on them
vision and ambition on the improvement of family and children. Patience and
bearing the sufferings on behalf of others and
to work physically more at any age.
THE HOUR: Women sector occupies nearly 45% of the Indian population. The
literary and educational status of women improved considerably during the past
few decades. More and more higher educational and research institutions are
imparting knowledge and specialisation. At this juncture, effective steps are
needed to provide entrepreneurial awareness, orientation and skill development
programmes to women. The institutions available at present are very limited.
Moreover, their functions and opportunities available with them are not
REQUIRED FOR AN ENTREPRENEUR: An effective entrepreneur requires certain basic
qualities, which can be listed as follows.
thinking and farsightedness.
effective decision making skill. Ability to mobilise and marshal resources.
Strong determination and self confidence. Preparedness to take risks.
changes in right time.
and alertness to latest scientific and technological information.
the basic qualities required for entrepreneurs and the basic characters of
Indian women reveal that, much potential is available among the Indian women on
their entrepreneurial ability. This potential is to be recognized, brought out
and exposed for utilisation in productive and service sectors for the
development of the nation.
Factors affecting Entrepreneurship growth:
and sociological factors.
1. Lack of
adequate basic facilities
availability of capital
availability of raw materials and finished goods.
risk involved in business
availability of skilled labour
of the society
6. Social system