Qualities shown by entrepreneurs

Determination:
To be a successful entrepreneur you have to be determined, you have to want to acheive your goals and not give up when it gets hard.

Initiative:

An entrepreneur needs to show initiative, this means they need to be able to take control and take action to do what their instinct tells them. This could be the differnece between a business going bank rupt and a successfull international business worth millions of pounds.

Taking risks:

At times, entrepreneurs need to take risks in order to succeed. If you don't take risks, you'll never accomplish the ulimate rewards. A successful entrepreneur will take appropriate risks to get good acheivements. If you don't take risks you will only acheive the average rewards which aren't as good as the others.

Making decisions:

Entrepreneurs also have to make important decisions that could sometimes put the business in jeopardy and if the wrong choice would made there would be a risk of the whole business crashing. Where as if the right choice was made there could be an amazing prize. Sometimes it's easier said then done as there could be a tough choise to be made that are very similar.

Planning:

Another skill entrepreneurs would benefit from is the ability to plan efficiently and sustainably, taking into account all of the relevant factors to do with business. If you can do this, you will be able to almost predict the future of your business giving you an advantage when it comes to setting up your business and keeping it running.

Persuasion:

Persuasion is a useful skill for an entrepreneur to have as they can persuade customers to by their

services/products, they could also persuade their suppliers to give them a good deal meaning they save money. This could also be useful when applying for a loan from the bank.

Showing leadership:

Showing leadership is an important way to guide your business into success as it shows you're the leader and that you know what you're doing, it also comforts any share holders/employees as they can see you've got everything under control and that their business/jobs are safe and if you have happy employees they will take pride in their work and put more effort in.

Luck:
Luck is always a good thing to have but it can be even more appreciated when it comes to being an entrepreneur as it can help you when it comes to buying and selling products and getting more customers, it can also help to do with prices you pay for your products and the prices you can get away with selling them for, that will give you a higher profit. Luck could make you rich and help your business become very successful. But it could also turn the tables as it could be the reason behind you/your business becoming bankrupt.