Answer to Question #78720 in Management for Sipho

Question

Discuss the personal qualities and characteristics that ensure that entrepreneurs succeed in their endeavours

Answer 1

i. An unfaltering passion: An entrepreneur should be dedicated and
committed. If you are enthused on your doings, this will help you cope with some difficulties that may arise through your endeavors
ii. Be Open-minded: an entrepreneur should learn from others, be
flexible and seek advice from others.
iii. Have ideas that continuously flow: for one to be a successful
entrepreneur, they should not relax after success but rather think on the next idea to be done. Their understanding is that entrepreneurial success is about choosing what to do rather than reaching the destination.
iv. Persistence: Entrepreneurs should accept the challenges they
face and move on. This will help them to achieve their goals.
v. Risk takers: Entrepreneurs believe in failure than success. They
don’t rely on wages. This gives you an understanding that the entrepreneurs are not fearful but rather ready to take risks. Most of them do fear to be bankrupt or even losing home and hence they do struggle to overcome risks