Essentials of Entrepreneurship: A Practical Approach
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Home > Essentials of Entrepreneurship: A Practical Approach > Chapter 1: Introduction
Characteristics of an Entrepreneur
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Many people have described key characteristics and attributes of
entrepreneurs. The video tape “The Entrepreneurs”3 includes
brief stories about entrepreneurs such as those listed below: |
|
Entrepreneur/Intrapreneur |
Company or Idea |
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Thomas Edison |
Edison Electric |
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King Gillette |
The Gillette Company |
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Charles Darrow |
Monopoly sold it to Parker Brothers |
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Wally Amos |
Famous Amos Cookies |
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Robert Pittman |
MTV within Turner Broadcasting |
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Margaret Rudkin |
Pepperidge Farms |
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John Johnson |
Ebony Magazine |
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Wilson Greatbach |
Pacemaker for hear |
Some characteristics of these and other entrepreneurs include:
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They could recognize opportunity.
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They had passion and commitment to the idea.
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They wanted to do something worthwhile for society.
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Precipitating events sometimes sparked the entrepreneurial spirit.
In addition to these characteristics and attributes, Bob Reiss mentions these additional key attributes of successful entrepreneurs:
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Curiosity
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Work ethic
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Energy
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Flexibility
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Balance
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Mental toughness
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Egotism
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Greed (in small doses)
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Integrity
Additionally, Reiss emphasizes the following skill sets that are useful to entrepreneurs: Creativity, communication skills, salesmanship, and decision making ability.4
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Why Be
an Entrepreneur?
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