THE ENTREPRENEUR:
Attributes, Skills, Qualities
and Characteristics of an
Entrepreneur
Mrs. Ma. Venus A. Albandia
Instructor
LEARNING OUTCOMES:
• Identify the attributes of an entrepreneur
• Emulate the different attributes of an entrepreneur
THE INDIVIDUAL
AS AN
ENTREPRENEUR
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
INTRODUCTION:
Before looking at the attributes, qualities, and characteristics of an
entrepreneur, we need to define the word “entrepreneur”.
1) he is an individual or a person who owns and manages his own business
and engage in selling
2) middleman who stands between buyer and seller
01
THE ATTRIBUTES,
QUALITIES AND
CHARACTERISTICS
OF AN
ENTREPRENEUR
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Here are some important characteristics of an entrepreneur:
• Self-awareness. He knows who he is, what he is good at, and what he
likes to do. He starts a business that is based on his expertise in a
specific field, and focuses on his investment in an area he thoroughly
enjoys.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
• Self-motivated. Also known as drive, self-motivation is one of the most
important personality traits of successful entrepreneurs. This is the
characteristic that gets him going and keeps him moving when he is in
business.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
• Courage. Courage or the willingness to take risks is a valuable trait when
striving for success. It is the willingness to take a chance and hope for
the positive response to the request.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
• Confidence. The age-old philosophy of positive thinking, is a major step
in the direction of success. This is one of the most appealing traits an
entrepreneur exhibits to prospective clients, for it lets them know that
they will be getting the best their money
can buy.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Positive thinkers. Entrepreneurs are positive thinkers. They think of
success and bright sides. Such success consciousness leads entrepreneurs
to success. Success begets success.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Patience. When one owns his business, there will be times when he feels
like the roof is craving in, especially when the suppliers seem to be taking
their own sweet time in fulfilling an important order or when a customer’s
demands seem to be unrealistic.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Decisiveness. Business has been described as a process of making one fast
decision after another. Often, a decision has to be made immediately, on
the spur of the moment. In those instances, one should go with his
intuition and trust that he is doing the right thing.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Experienced. A primary reason some businessess fall within a few years of
start-up is lack of business experience. Whether or not one experience is
directly related to business he is planning to start, is a key component for
growth.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Knowledge. Experience in one’s field is
invaluable, but it is not enough. One has a
better chance of succeeding by knowing,
as much as possible, anbout factors such
as business basics, the product or service
that he want to sell, the industry he is
entering, his competition, and the local,
regional, state and/or national markets.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Information-seeking. To assure accomplishment of his entrepreneurial
goals, the entrepreneur continously seeks for relevant information
regarding the market, clients, suppliers, and competitors, and consults
experts’advice on business and other technical matters.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Perseverance. Perseverance is 90% of the battle to succeed. Making a
dream come true can be a lonely task, especially when one is getting
started and ensuring that it works often means little rest or relaxation.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Drive. One must believe in his goal and be determined to succeed. The
successful businessman does not view obstacles or stumbling blocks as
problems, rather as challenges.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Risk-Taking. Entrepreneurs are known for being risk-takers. They prefer
tasks, which provides them some challenges. They are not afraid to take
risks.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Innovative. Entrepreneurs are creative. They do things in new and different
ways.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Opportunity-Seeking. An entrepreneur readily identifies opportunities for
going into or to improve his business. He does not merely spot
opportunities to set up a business, but more importantly, act on these
opportunities like actually setting up the business.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Demand for efficiency and quality. Setting high, but realistic standards of
excellence for himself, he finds it difficult to compromise on those
standards. So, in order to meet these standards, the entrepreneur always
strives to find ways to do things better, faster, and at a lower cost.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Systematic planning and monitoring. As a careful planner, the
entrepreneur sets what are to be accomplished, and meticulously assesses
how today’s activity can contribute to the accomplishement of his longterm goal.
01
THE ATTRIBUTES, QUALITIES AND CHARACTERISTICS OF AN ENTREPRENEUR
Persuasion and networking. A persuasive person, the entrepreneur easily
establishes a network of personal and business contacts around him. An
entrepreneur is aware of that power is required to achieve his business
objective. He is, therefore, quick to identify sources of power, if he cannot
source power from within him.
01
SOME
ENTREPRENEURIAL
SKILLS YOU MUST
HAVE FOR SUCCESS
SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Ability to Plan:
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marketing, production, sales and personnel (hiring and maintaining
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SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Communication Skills:
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your business team. Additionally, entrepreneurs need to be able to express
themselves clearly both verbally and in writing. They also should have
strong reading comprehension skills to understand contracts and other
forms of written business communication.
SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Marketing Skills:
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result in people wanting to buy your good or service—are critical for
entrepreneurial success.
SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Interpersonal Skills:
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relationships is crucial to the success of the entrepreneur‘s business
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SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Basic Management Skills:
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positions in their business are occupied by effective people.
SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Personal Effectiveness:
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SOME ENTREPRENEURIAL SKILLS YOU MUST HAVE FOR SUCCESS
• Team Building Skills:
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• Leadership Skills:
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have is the ability
to develop a vision for the company
and to inspire the
company employees to pursue that vision as a team. The expression
―people would rather be led than managed‖ applies especially well to an
entrepreneurial venture.
-EndThanks!
Mrs. Ma. Venus A. Albandia
Instructor