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Important Characteristics of Successful Entrepreneurs

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Discuss a few important characteristics of successful entrepreneurs.

An entrepreneur is someone who can come up with an idea, have the skill set, will and courage to take risk and turn that concept into reality and make it a viable product and/or service that people want or need.
Few characteristics of entrepreneurs are,
Passion: Passion is one of the basics of entrepreneurship. Passion is something which keeps a person awake and try something continuously. From building and implementing a prototype, to pitching the idea to venture capitalists, success is a function of passion and determination.
Undertake Risk: Entrepreneurs are risk takers. Not all risk takers are successful entrepreneurs. Successful entrepreneurs will risk time and money on unknowns, but also keep resources, plans and bandwidth for dealing with "unknown unknowns" in reserve.
Leadership: The ability to develop a vision for the company and to inspire employees to pursue is vital for success.
Planning: Entrepreneurship being a long term commitment, planning better to manage the limited resources such as capital, time etc. will add significant reduction in risk and lead to success.
Communication: Entrepreneurs should be able to explain, sell and market their goods or services.
Dedication & Motivation: Entrepreneurs believe in themselves and are confident and dedicated to the project. They remain focused and have faith in their idea.
Flexible: Being flexible about market place or customer is way to success. Successful entrepreneurs welcome all suggestions for optimization or customization that enhances their offering and satisfies client and market needs.

Interpersonal skills: The ability to establish and maintain positive relationships with customers, employees, financial lenders/investors, and among others is crucial to the success of the business venture.
Learn from past experience or…...

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