10 Characteristics and skills of an Entrepreneur characteristics

Chapter  10 Characteristics and skills of an Entrepreneur  characteristics
not every one wants to be an entrepreneur and  run their own business . being an entrepreneur requires specific characteristics and skills that are often achieved trough education hard work and planning.


Risk Taker: minimize risk through research planning and skill development ,
  Perceptive: view problems as opportunities and challenges.
  Curious:  like to know how things  work. they take the time and initiative to pursuer the unknown. Imaginative: em to create new products and generate ideas.
  Persistent: make  mistakes, receive criticism  and deal with money, family or stress problems. 
Goal Setting: starting a new business . once achieved they seek out new goals or ventures to try. Hardworking: 
Self Confident: takes care of any doubts they may have. 
Flexible: must be flexible to order to adapt to chaining trends markets technologies rules and economic environments.
Independent: 
Researcher skills :  need to identify what they need to know and  use research techniques to obtain it.  Gathering  information : 
books
consultants
 periodicals ,
indexes and database
 schools,
professionals
 internet  


Using information :  it needs to be sorted into relevant data that answers inital questions 
Planning
Management skills:  


organizing:
Directing: learn how to motivate their staff by encouraging initiative  and self direction
Controlling:  need to develop budgets and keep accurate booking-keeping and accounting records
Human Relation  Ship:  Staff , supplier and customer


Marketability: need to ask themselves the following questions about their product service or charity
Does your target market want this product.?
what is your competition?
are you competitively priced ?
is this a short term venture? how long will it last?  
Profitability:  to expect a profit and entrepreneur  must ensure that revenue exceeds all cost.