1. What would you consider to be the core skills needed to start a successful business?

2. Character traits of an Successful Entrepreneur
Drive & determination
Need for achievement
Need for autonomy
Risk-taking propensity / Acceptance of measured risk & uncertainty
Creativity, innovation & opportunity
Internal Locus of control
Small business management and entrepreneurship Stokes, David (David R.); Wilson, Nicholas, Ph.D
pp44

3. Drive & determination Positive Trait Negative Trait being proactive
acting decisively & quickly
setting goals
working hard to achieve goals
always on task
may get bored easily
dislikes time wasting

4. Need for achievement Positive Trait Negative Trait Energetic
Optimistic
Working on task
Results orientated
Self-sufficiency
Restless
Persistent
Dislikes pessimistic team members

5. Need for autonomy / independence
Positive Trait
Negative Trait
Making up their mind
The unconventional path
Dislikes taking orders
Prefers working alone
seen as stubborn by others

6. Risk-taking propensity / Acceptance of measured risk & uncertainty
Positive Trait
Negative Trait
Making decisions quickly
Acting on incomplete data
Accessing their capabilities and alignment with opportunities
A decision is important and not always what decision
Staying with the decision when not right

7. Creativity, innovation & opportunity
Positive Trait
Negative Trait
questioning
intuition
imaginative solutions
creating ideas
change
challenges
likes constant change
always wanting to improve situation
head focused on blue sky and not short term success

8. Internal Locus of control
Positive Trait
Negative Trait
controlling own destiny
creating own luck
self confident
take advantage of opportunity
lack of understanding of others ability
So self-efficacy is your perception about how effective your behavior is, and locus of control is what you think is determining that behavior (you vs. the environment).

9. Task As individuals In groups
Put these seven personally traits in order of important for you and provide one example when you have demonstrated this trait
Now put these seven personally traits in order of your strengths
In groups
Which of the entrepreneurs demonstrated which personality traits
Discuss why each trait is important and why?