Characteristics Of Entrepreneurs

Characteristics of entrepreneurs------------------------------------------------------3

Am I an entrepreneurial “type” of person? -----------------------------------------4

The influence of contexts on entrepreneurial characteristics-------------------5

“Family business” ------------------------------------------------------------------------5

“Small business owners” ----------------------------------------------------------------6

Conclusion----------------------------------------------------------------------------------6

Bibliography-------------------------------------------------------------------------------7

Introduction

Since the significant role that the entrepreneur plays in today’s market has been widely acknowledged, studies on the impacts of entrepreneurial behavior continuously carried out by economists and scholars. The public’s interest and understanding of entrepreneurship has been brought into a new level. People increasingly believe that an entrepreneur person can have better control of his/her future than others. In order to become a true entrepreneur, first of all, it is essential to examine the extent to which I am perceived as a potential entrepreneur. The purpose of this paper is to analyze the entrepreneur characteristics I currently possess, as well as exploring certain contexts in which some crucial characteristics can be further developed towards a successful entrepreneur.

Characteristics of entrepreneurs

Driessen and Zwart (2010, p1) make a good point in their article. As they suggested, comparing with the influence of entrepreneur’s diplomas, business knowledge and craftsmanship on a business’s success, the personal characteristics of the entrepreneur seems play an even more important role. It is known to us that the personal characteristics and traits are the results of both genetics and social environment, which leads to the diversity of entrepreneurs. We celebrate the unique of each entrepreneur, however, it

Bibliography: ------------------------------------------------------------------------------7 Introduction Since the significant role that the entrepreneur plays in today’s market has been widely acknowledged, studies on the impacts of entrepreneurial behavior continuously carried out by economists and scholars. The public’s interest and understanding of entrepreneurship has been brought into a new level. People increasingly believe that an entrepreneur person can have better control of his/her future than others. In order to become a true entrepreneur, first of all, it is essential to examine the extent to which I am perceived as a potential entrepreneur. The purpose of this paper is to analyze the entrepreneur characteristics I currently possess, as well as exploring certain contexts in which some crucial characteristics can be further developed towards a successful entrepreneur. Characteristics of entrepreneurs Driessen and Zwart (2010, p1) make a good point in their article. As they suggested, comparing with the influence of entrepreneur’s diplomas, business knowledge and craftsmanship on a business’s success, the personal characteristics of the entrepreneur seems play an even more important role. It is known to us that the personal characteristics and traits are the results of both genetics and social environment, which leads to the diversity of entrepreneurs. We celebrate the unique of each entrepreneur, however, it is worth to mention that there are still common traits that individual entrepreneurs tend to share together. Here I would like to discuss some that I personally consider as “classic” ones. According to Sahlman(2007), a professor at Harvard Business School, an entrepreneur is the type of person who is willing to pursue opportunities beyond the current recourses and competences, where high uncertainty exists. This makes it clear that most of entrepreneurs are able to live in uncertain circumstances. In other words, we can say they are adventurous risk-takers. Usually, an entrepreneur is required to have strong risk-taking ability，which to some degree, differentiates them from other people. Furthermore, qualified entrepreneur individuals always come with an innovative brain. They consistently come up with new ideas to make money or develop their business. Especially in today’s changing global economy, innovation and creativity cannot be taken apart from entrepreneurship. In order to sustain competitive advantages, being innovative has already been regarded as one of the most essential characteristics of entrepreneurs. Another character trait that I strongly believe necessary for contemporary