The term "entrepreneur" usually applies to a person who establishes a new entity in order to offer a product or service into a market. Entrepreneurs often have strong beliefs about a market opportunity and are willing to accept high levels of personal, professional or financial risk to pursue that opportunity. Many successful entrepreneurs had role models, sometimes their own parents, who influenced them.

Entrepreneurs are persistent, inquisitive, energetic, goal-oriented, independent, demanding, self-confident, visionary, committed, and agents for change. They have desire for immediate feedback, problem-solving skills, tolerance for ambiguity, strong integrity, personal initiative, tolerance for failure, comfort with risk, and good fortune.

Some of the most important characteristics common among successful entrepreneurs: 

• They want to make a profit.
  However, the profit serves primarily as a means to gauge their success and achievement.
• They are driven to achieve.
  They push themselves (and others, if necessary) to conquer problems and give birth to a successful venture.
• They enjoy hard work.
   It has been suggested that many entrepreneurs are workaholics.
• They want to work for themselves.
  Entrepreneurs prefer to work for themselves rather than for an organization or any other individual, though they may work for others to gain knowledge of a particular product, service or industry.
• They nurture quality.
  Entrepreneurs are willing to take charge of and watch over a venture until it can stand alone.
• They accept responsibility.
  They are morally, legally and mentally accountable for their ventures. Some entrepreneurs may be driven more by altruism than by self-interest.
• They want to be rewarded.
  Entrepreneurs want to achieve, work hard, and be responsible, but they also want to be rewarded handsomely for their efforts. In addition to money (or even instead of it), recognition and respect can be rewards.
• They are optimistic.
  They believe that times are good and anything is possible.
• They seek excellence.
  Entrepreneurs are often motivated to achieve something outstanding of which they can be proud.
• They can organize, manage, and consolidate resources.
  They excel at bringing together the necessary components of a venture, including people.

Learn more about what it takes to be a successful entrepreneur by clicking on the information below.

Entrepreneur Characteristics – Discover your own level of creativity and innovative thinking.

Timing – Are you the right person at the right time? Ask yourself several key questions to find out.

Success Stories – Read how other entrepreneurs turned challenges, failed attempts and creativity into successful ventures known across the nation and world.

References:
• Small Business Administration

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