Study: Qualities Of Entrepreneur To Succeed A Business
Join 1000's of Authors at StreetArticles Today!

Study: Qualities Of Entrepreneur to Succeed A Business

Success of an organization highly depends on the entrepreneur’s qualities and traits. Some entrepreneurs own success items and they turn things into success while others could not meet such big success if not, in worst cases, fail. So, what makes such successful entrepreneurs different from those that still turn around in their vicious circles and couldn’t meet any success?

Starting a business requires a lot of hard and smart work, and this is not at the hands of everyone. Even with a lot of plans and firm strategies, things won’t always work as expected. Some things that were supposed to work will just turn to fail, and unexpected problems will occur. At that moment comes the role of the entrepreneur that has the qualities of leading the business with passion and patience to come over such obstacles and reach success.

Small businesses are vulnerable and the presence of a good entrepreneur is more crucial. Small businesses are the locomotives of any economy and they have a considerable impact on the market.

A new study published recently has investigated qualities of entrepreneurship and “the common reasons that motivate people to become and work as entrepreneurs along with the constraints they face when starting and developing their business activity.” For that purpose researchers asked 250 people “engaging in the manufacturing trading and services sectors in Small and Medium Industries”.

To succeed as a leader of an organization, the entrepreneur needs a number of traits. The mentioned study stated what researchers called the five leadership qualities. The leader is required to be “honest, forward looking, competent, inspiring and intelligent”.

Besides, innovation and creativity is another factor that needs to be considered. A lot of studies have stressed the importance of innovation in business success, but implementing innovation requires an entrepreneur that believes in it and ready to adopt it into business.

Among the other factors researchers said contribute to the entrepreneur success including risk taking, innovation, communication, and connect with others.

Taking risk in taking appropriate decisions for their business activities;

• Innovation and creativity are the perception to accept new ideas;

• Confidence to be independent in taking decision and conduction their own business;

• Relationship with other to establish and maintain good relationship with people involved in business.

Being a successful leader doesn’t mean to be the source of every ideas, but to be intelligent enough to interact with others and get what necessary to push the business forward. As stated in the study, as entrepreneur you could learn a lot from “people you lead by asking intelligent questions and opinions.” Thus, you “will capable to increase credibility.”

The entrepreneur must be very intelligent by gently leading people toward understanding even when he knows the answer

Display emotions exactly in line with feelings

Make decision based on my core values

Demonstrate beliefs that are consistent with actions.

Researchers mentioned other entrepreneurial qualities that considered the significant characteristics for entrepreneur including to “believe in actions 59 % from respondents, analyze before actions 63% and listening the others 52 %”.

According to the results researchers acquired by their study “Quality attributes of entrepreneurs that make big contribution to the high of entrepreneurial quality of business people are:

innovation and creativity 58,8%,

self confidence 63,2% ,

connection with others 55,6 %

and communication 51,6%

Researchers have summed up some of the factors needed to lead an organization to success into 4 main elements:

• Planning – making decisions with regards to the future and making those plans happen.

• Do – utilizing the fullest potential of resources people, capital and assets to ensure the success of the plans.

• Activity – inspiring others to do their part effectively in carrying out the organization’s plans.

• Controlling – step by step monitoring of the implementation process to see if changes are necessary to be made on the plans.


Street Talk

No comments present
You May Also Like
Team Building! Important?
The development of the team idea can be followed back to the late 1920s and mid-1930s. These included a progression of examination exercises intended to inspect inside and out what happened to a gathering of laborers under different conditions. After much investigation, the specialists concurred that the most huge variable…
By: Shaista Kiran in  Business  >  Entrepreneurialism   Jun 02, 2016  
0
  Likes: 0

Looking for A Perfect Match
Like looking for a perfect match, shopping for diamond could be tedious and stressful if it’s your first time or if you don’t have much knowledge about it. Who would really settle for something of less value? Even the people we choose to be with, if it does not complement…
By: Mike Nekta in  Business  >  Entrepreneurialism   Jun 01, 2016  
0
  Likes: 0

Life Of A Jeweler
Passion... Commitment... Integrity... common words yet requires so much devotion. A pledge you would hear from a jeweler to himself. It is a typical stigma of people seeing someone with so much elegance as someone who has an “easy life”. A usual mistake you would think from someone who is…
By: Mike Nekta in  Business  >  Entrepreneurialism   May 30, 2016  
0
  Likes: 1

Creating A Unique Children’s Roller Disco Huddersfield
When you make up your mind to host Children's roller disco Huddersfield, you will have to start with the preparations so that you give the best to your kids. Children love to grab fun and enjoyment through parties. Therefore, if you get the opportunity to host parties and entertain children,…
By: watsonjerry in  Business  >  Entrepreneurialism   May 19, 2016  
0
  Likes: 0

Choose the Best Floor Cover With Floor Covering Services Bradford
If you have invested a lot of money in making your house a palace, then you should choose a decorative floor covering that will add to the look of your home. Many floor covering services Bradford companies are there that will help you to pick the best floor covering for…
By: jfab7 in  Business  >  Entrepreneurialism   May 11, 2016  
0
  Likes: 0

Wood Flooring Little Elm Tx: 3 Hot Trends In Hardwood Flooring
Replacing your old carpet, tile, or laminate with new wood flooring Little Elm TX is a smart investment, but selecting the style and color can become overwhelming. Fortunately, understanding some of the hottest trends in hardwood flooring can help make your decision a little easier. If you are considering adding…
By: Stephen E. Barnes in  Business  >  Entrepreneurialism   Apr 19, 2016  
0
  Likes: 0

Commercial Wine Cellars Dallas Tx: How To Sell More Wine
Whether you own a restaurant that serves wine or you own a wine shop or high-end liquor store, selling more wine is your main goal and the best way to do that is by installing one or more commercial wine rooms or commercial wine cellars Dallas TX. There are two…
By: Lawrence J. Dozier in  Business  >  Entrepreneurialism   Apr 18, 2016  
0
  Likes: 0

Joint Pain Frisco Tx: Medical Treatments And Home Remedies
If you need to manage joint pain Frisco TX, you have several choices. They include surgery, prescription medication, injections, physical therapy and topical ointments. Many types of medical problems cause joint pain for middle-age or senior Americans. Bursitis, osteoarthritis, strains due to injuries and rheumatoid arthritis are just a few…
By: Paul Parker in  Business  >  Entrepreneurialism   Apr 13, 2016  
0
  Likes: 0

Web Design By Nanosoft Web Develop Company
We, as a well known brand in Sri Lanka web designing arena, undertake all type of functions related to web design and development and utilize the latest technology in offering creative, high quality professionally looked web pages for the clients in worldwide. Our main business concern is designing websites for…
By: web design1 in  Business  >  Entrepreneurialism   Apr 13, 2016  
0
  Likes: 0

Best Wine Cellars In Fort Worth Tx: Unconventional Wine Storage Spaces
The best wine cellars in Fort Worth TX aren’t always cellars. Sometimes the best wine cellars are wine rooms and wine cabinets that are installed almost anywhere in a home where there’s enough square footage to accommodate them. Of course, the romanticized version of a wine cellar is the one…
By: Lawrence J. Dozier in  Business  >  Entrepreneurialism   Apr 13, 2016  
0
  Likes: 0

Office Cleaning Service Denton Tx: 5 Tips For Choosing A Service
A clean workplace matters to your customers and employees, so hiring a professional office cleaning service Denton TX should be at the top of your priority list. Because the cleaners you hire play an important role in your company, you should take as much care in selecting the right ones…
By: Avery M. Waite in  Business  >  Entrepreneurialism   Apr 12, 2016  
0
  Likes: 0

Swedish Massage Dfw: Learn About the Techniques And Benefits
If you need to relax tight muscles or just relieve stress, get a Swedish massage DFW. This popular massage therapy usually lasts anywhere from 50 to 90 minutes, depending on the desired results. Before the massage, your practitioner will ask if you have any injuries or illnesses. Let the therapist…
By: Maria S. Cozart in  Business  >  Entrepreneurialism   Apr 11, 2016  
0
  Likes: 0

Avoid Spine Surgery Plano TX By Doing These 4 Exercises
For those of you who want to avoid spine surgery Plano TX, we’ve already discussed three exercises that you should stop doing. Just in case we robbed you of some of your favorite workouts, though, we wanted to offer a few alternatives! It’s true---you can stay fit without hurting your…
By: Athena Crawford in  Business  >  Entrepreneurialism   Apr 11, 2016  
0
  Likes: 0

Dental Plan Quote: Save Money on the Most Expensive Treatments
Before your next trip to the dentist, you could save yourself a lot of money by first receiving a dental plan quote. Dental work can turn into an expensive medical treatment. Without the help of dental insurance, you could end up paying hundreds—or even thousands—of dollars out of pocket for…
By: Mary28 in  Business  >  Entrepreneurialism   Apr 11, 2016  
0
  Likes: 0

Network Support Provider Plano Tx: Four Signs You Need More IT Support
Perhaps when you first started your business, hiring a qualified network support provider Plano TX wasn’t on the top of your list of priorities. Now, however, you may be regretting that decision. Any business, no matter its size, can benefit from having adequate IT support and if it doesn’t, the…
By: Pamela Hunter in  Business  >  Entrepreneurialism   Apr 09, 2016  
0
  Likes: 0

Article Views: 738    Report this Article