3.01 Characteristics of Successful Entrepreneurs 3.01 Recall personal characteristics and skills needed for a successful entrepreneur.

What is an entrepreneur? An individual who undertakes the risk associated with creating, organizing, and owning a business.

Personal characteristics of successful entrepreneurs Persistent (not giving up, keep trying) Creative (looking at new ways of doing things, developing solutions to problems) Responsible (doing what you are suppose to do and being held accountable) Inquisitive (asking questions and seeking answers, curiosity)

Personal characteristics of successful entrepreneurs Goal-oriented (focused on developing a plan and achieving your goals) Independent (able to work or act alone, doing things without supervision) Self-confident (belief in yourself and your abilities) Risk taker (not afraid to do new things and take risks)

Skills needed by successful entrepreneurs Communication skills (possessing the ability to read, write and speaking in an understandable, accurate and professional manner) Human relations skills (the ability to build and maintain positive relationships, working well with others) Math skills (knowledge of basic arithmetic and business math skills such as calculating profit)

Skills needed by successful entrepreneurs Problem-solving and Decision-making skills (the ability to assess situation and make good decisions ) Technical skills (knowledge of computers and how to use them productively) Basic business skills (knowledge and understanding of the economy and business functions such as marketing and management)