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1.1 Characteristics of successful entrepreneurs GapFill
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There are many reasons why entrepreneurs decide to start their own business. Many want to with the flexibility this brings. Entrepreneurs also personally need to succeed. These may have been developed through experience or attending courses. In order to approach banks or investors, an entrepreneur needs the ability to information about their business idea and their plans. Before doing this, the entrepreneur should have spent time the business idea.
An entrepreneur setting up their own enterprise may need to be prepared to move from being an employee to being , which needs a different skill set, including negotiation and innovation, which are not always required from employees.
As well as skills, successful entrepreneurs tend to share certain . When things are not going well with the business, an entrepreneur needs to keep going, and improve the situation. This can create stress, so it's helpful if the entrepreneur has for the business and its product or service. Optimism, creativity and resourcefulness are all very helpful characteristics in an entrepreneur.
Once the business is a success, the entrepreneur may need to find investors and employees. Both of these will be easier if the entrepreneur has . Overall, every entrepreneur has to be happy to take that the business may fail. Having confidence and to succeed, along with a positive attitude, will help an entrepreneur succeed.