Entrepreneurial Motives and Characteristics

Motives and Characteristics

Characteristics of a successful entrepreneur:

• Hard-working.
• Driven.
• Decisive.
• Focused.
• Confident.

Skills of a successful entrepreneur:

• Communication.
• Team working.
• Problem-solving.
• Organisation.
• Numeracy.

Motivations of an entrepreneur:

• To be your own boss to become more independent.
• To make a profit and increase your personal income.
• To make an interest/hobby into a business.
• To have more control over working life.
• Escape an uninteresting job or career.
• To support the local community (social reasons).

There are two sides to the financial motive of profit that…