ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Traits of an Entrepreneur

Updated on October 26, 2009

Traits of an Entrepreneur


Entrepreneurs are people who have the initiative to run a business. Anyone who aspires to engage in business has roles and functions that bring valuable benefits to increase income and utilize raw materials into productive items.

The entrepreneur plans ahead to come up with the resources needed. He uses these resources to meet the needs of others in delivering the products and services. He is also obliged to take the challenges and demands in entrepreneurship.

An entrepreneur is defined as an individual who identifies the people's needs and provides products and services. This involves activities necessary to serve the people and improve man's quality of life.

Entrepreneurs are engaged in different business ventures and take risks to achieve the following:

1.    Entrepreneurial capabilities

There are known business personalities whose work are far from their educa­tional attainment. In line with this, their jobs are not fit on their capabilities or skills. Although, there are some who became successful in business. In reality, this must not be the basis or guide to. start a business. There's a need to have enough knowl­edge on a business to maximize the use of your money, energy, properties and many related things. There are also schools where business management courses serve as their specialization. The basic entrepreneurial skills are taught to the students.

2.    Establish a good work habit

There are many established businesses based on the entrepreneurs' personal ex­perience. Probably, they started as sales clerk or factory worker when they are still on their job and gradually learned the system in running a business. In this case, experience is the best teacher.

3.    Achieve high

The success of any business depends on proper management. The manager is like a captain that guides the ship crossing the middle of the sea during a storm. Through proper management, the business is able to overcome the obstacles.

4.    Handle money wisely

In a small or big business, there are risks and trials that entrepreneurs encounter. Any wrong decision made, you might lose or fail in your business. There are some factors that you cannot control like fluctuation in our economy and the impact of world trade in the business system.

According to some researches, entrepreneurs must have these traits:

1.   Risk-takers - Many entrepreneurs risk a large amount of their savings or may go into extensive debt to start a business. Despite the risks in business, many fail but eventually learn the tricks of the trade.

2.   Committed workers - These involve industrious workers that set standards of ex­cellence to satisfy the clienteles.

3.   Opportunity seekers - There is trade liberalization in the country, as manager of the business, you must observe the environment for ideas and classify the needs of the people.

4.   Persistent initiators - As entrepreneurs, there is a need to provide and improve products. There are also some alternative to improve their products and services.

5.   Good salesman - Entrepreneurs apply different strategies to develop business en­terprise and influence the customers to take their goods and services.

6.   Honesty - As a manager, you will meet different people together with your em­ployees, producers, salesmen and advertisers, co-owners and many more. You must show honesty on your work in dealing with people about the products. Goods and services are delivered on time, place, right people and at a reasonable price.

7.   Self-confident - Believe in yourself to get things done, overcome problems and meet the challenges.

8.   Good innovators - Keep on finding ways to improve the products and services rendered to the people.

9.   Good planners - Many Filipinos take up management courses so that they under­stand the importance of planning. Entrepreneurs set plans, identify options, fol­low up progress, sustain feedback and attain the set goals.

10. Goal setters - Entrepreneurs set clear and specific short-term goals and also long-term goals. Goals are set to be specific, measurable, attainable, result-oriented and time-bound (SMART).

working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)