JSS2 Business Studies Lesson Note on Personal Qualities of an Entrepreneur

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TOPIC:  PERSONAL QUALITIES OF AN ENTREPRENEUR

The entrepreneur is commonly seen as an innovator-a generator of new ideas and business processes. Management skill and strong team-building abilities are often perceived as essential leadership attributes of successful entrepreneurs.

PERSONAL QUALITIES OF AN ENTREPRENEUR

The following are the qualities of a successful entrepreneur:

1. DISCIPLINE: Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives. They focus in making their business work and eliminate the hindrances or distractions to their goals.
2. CONFIDENCE; The entrepreneurs does not ask questions about whether they can succeed or whether they are worthy of success. They are confident in their knowledge that they will make their business succeed.
3. OPEN-MINDED: Entrepreneurs realized that every event and situations is a business opportunity. Ideas are constantly being generated about work flows and efficiency, people, skills and potentials. They are ready to accept changes in line with the goals of their business
4. SELF STARTERS: Entrepreneurs know that if something needs to be done, they should start it themselves. they are proactive, not waiting for someone to give them permission.
5. COMPETITIVE: Many companies are formed because an entrepreneur knows that they can do a job better than another. They need to win at the businesses that they create. An entrepreneur will highlight their own company’s tract record of success.
6. CREATIVITY: The fact of creativity is to be able to make connections between seemingly unrelated events or situation. They come up with solutions to problems and to produce items that will meet the needs of the society.
7. PASSION

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