Characteristics of an Ideal Entrepreneur

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What an Entrepreneur Is

An entrepreneur is a person who finds it worth risking, especially in term of his or her finances, in a particular project with a hope of introducing new related ventures that will culminate into visible success financially (Foley, 2006). Sometimes, an entrepreneur can also be taken to mean a person who is in the verge of organizing a virtually new project and targeting to use previously unused channels after discovering a hidden opportunity in the eyes of others. Evidently, in both cases, there is a risk factor and therefore maximum care and guided moves are things to take care of first. More often than not, the term entrepreneur is employed in a business context.

Some other people argue that entrepreneurship is not a real profession. No, not until one has started something that can be seen on the ground. In short, one cannot create fame in the name of becoming an entrepreneur by just portraying mere intensions nor even when the whole planning of scope and schedule are complete. A person will be termed as an entrepreneur once the first foundation stone is laid on the ground. That means that the effectiveness of one’s ideas is crucial. Therefore the qualities or characteristics of such a person must enable a confident kick-off and somehow guarantee success.

Characteristics of an Ideal Entrepreneur

An ideal entrepreneur must be innovative enough. This means that his or her venture must be backed by relevant knowledge and creativity but encased in achievable limits. Past experience and technical knowhow are integral components that will enhance confidence and enthusiasm while kick starting. In most cases, entrepreneurs act as revivers of a falling business by convincingly intervening with new ideas and ap...

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...l of Developmental Entrepreneurship. 8(2), 133-151.

Fuller, D., & Dansic, P. (1999). Indigenous Australian and self-employment: small enterprise research. The Journal of SEAANZ. 7(2), 5-28.

Harper, L. (2010). 5 Successful Australian Entrepreneurs. Mademan.com. Retrieved 04 21, 2012, from http://www.mademan.com/mm/5-successful-australian-entrepreneurs.html.

Rola-Rubzen, M.F. (2009). Critical success factors for aboriginal businesses in the desert, DKCRC Working Paper 38, Desert Knowledge CRC, Alice Springs, Retrieved 04 22, 2012, from http://www.desertknowledgecrc.com.au/publications/downloads/DKCRC- Working-Paper-38-Critical-Success-factors-for-aboriginal-businesses-in-the-Desert.pdf.

Thomson, J. (2010). Our Top Female Entrepreneurs. SmartCompany. Retrieved 04 22, 2012, from http://www.smartcompany.com.au/entrepreneurs/20100304-female- entrepreneurs/2.html

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