Entrepreneurship Development

Usually, Entrepreneurs practice entrepreneurship. Entrepreneurship qualifications are possessed by entrepreneurs. Seemingly, there is no general agreement about the qualifications of entrepreneurs. The common qualifications that make entrepreneurs successful are explained as:

Achievement Oriented

Entrepreneurs have strong need for achievement. This need serves as the prime motivator for them. It drives them towards the accomplishment of challenging tasks and makes them creative. It provides them desire to succeed. Money is not their obsession.  It is only an indicator of accomplishment. They see and act on new opportunities.

Hard working

Entrepreneurs are motivated to consistently work hard by devoting necessary time efforts. They work hard endlessly with persistence and perseverance. They possess high level of energy, enthusiasm and diligence. They take initiative and are action oriented. Most probably, entrepreneurship is action which involves getting things done through others. They pursue excellence by performing better than others.

Desire for responsibility

Entrepreneurs feel personally responsible for the results. They like to influence results by controlling resources and are utterly committed to their ventures. They respond positively to challenges. They are assertive. They accept responsibility with enthusiasm and have passion for business.

Preference for risk

Entrepreneurs are the risk takers. They have willingness to take moderate to high risk. However, the risk taking is guided by information analysis and experience. They possess self-confidence for achieving their goals. They have high tolerance for ambiguity. They take calculated risks to achieve goals.

Good Manager and Leader

Entrepreneurs ought to be good managers. They take various actions in favor of the organizations. They take decisions to solve problems. They bring together all the available resources such man, machine, materials, money to produce products. They prepare business plan. They get along with others and create networks of relationships. They effectively manage time and stress.

Entrepreneurs are also leaders. They motivate and influence people. They communicate effectively and initiative in accordance to the demands of the situation. They move forward with an open mind.