5 characteristics that make me a successor in my business is:
The entrepreneur must have more than a casual interest in the business because there will be many hurdles and obstacles to be overcome. If there is no passion, or consuming interest, the business will not succeed. When people (entrepreneur) feel committed and to what they’re doing and when they care deeply about it, they have a chance of being successful at it. Passion is the enthusiasm, ambition, joy and zeal that emerge when entrepreneur are doing something that they feel is important and truly enjoy. This passion, it is an attitude that results in tenacity in the face of difficulty and a willingness to work ...view middle of the document...
Entrepreneurial self-efficacy is essential since entrepreneur must have confidence in their capacity to perform different tasks and to anticipate possible solutions. High entrepreneurial self-efficacy is important in the early stages of any business.
iv) Risk Takers
An entrepreneur is someone who is willing to take a risk in the pursuit of opportunities. An entrepreneur is a risk taker. This risk taking attitude or ability is based on a dream, a vision and ongoing effort to control the outcomes of the risks associated with the business. An effective entrepreneur is an intelligent risk taker. A risk taker does not invest like a fool, but carefully.
v) Proactive Leader
Successful entrepreneurs are proactive leaders. They like challenge, enjoy competing with others, do not wait for the future with ideal conditions to react and they seek out, evaluate and act on professional advice. They are constantly looking for ways to improve their operations. Successful entrepreneurs inspire other people to help them achieve their goals; they are comfortable with people and good communicating their vision and needs. Successful entrepreneurs also know how to monitor and supervise people to make sure that their instruction are carried our properly.
5 skills that make me a successor in my business is:
i) Ability to recognize market opportunity
Opportunity recognition is an important skills set for an entrepreneur and a key part in the creation of a successful start-up organization. Substantial research has been done to identify how, where, and why successful entrepreneur are able to identify their opportunities, There is more to opportunity recognition that spotting an interesting idea, however. Successful entrepreneurs will need to identify an opportunity that satisfied a need in the market and allows the start-up company to make money at it. Moving from that initial idea into a business concept did not prove viable. And recognition of opportunities is not limited to that first idea galvanized into a start-up company. Successful entrepreneurship will continue to identify new opportunities within their company as it continues to grow.
ii) Communication skills
Entrepreneurs need excellent communication skill and high levels of persuasiveness. Persuasion is the ability to make people think or do what you would like them to think or do. Persuasive communication skills are priority. When you own the business,...