ENTREPRENEURSHIP AND

PROJECT MANAGEMENT
CHARACTERISTICS OR
NATURE OR FEATURES OF
ENTREPRENEURSHIP
 The Successful
Entrepreneur
The Student will be able to . . .
Define entrepreneurship

Identify and analyze characteristics of a successful entrepreneur

Identify the reasons for planning in entrepreneurial businesses

Generate ideas for business

who is an Entrepreneur?
 People who own, operate, and take the risk
of a business venture.
 Entrepreneurship is the process of running a
business of one’s own.
 Entrepreneurs try to identify the needs of the
marketplace and to meet those needs by
supplying a service or product.
 Entrepreneurs assume risk.
Characteristics of
Successful Entrepreneurs

Entrepreneurs are willing to work until a job

is done, no matter how long it takes.
 Characteristics of
Successful Entrepreneurs

Entrepreneurs continually look for new ways

to solve old problems.
Characteristics of
Successful Entrepreneurs

Entrepreneurs do not “pass the buck”. They

take responsibility for their decisions and
actions.
 Characteristics of
Successful Entrepreneurs

Entrepreneurs want to know as much as

possible about anything that might affect
their ventures. They conduct research and
ask questions to solve problems.
 Characteristics of
Successful Entrepreneurs

Entrepreneurs decide where they want

to go and then set out to get there.
 Characteristics of
Successful Entrepreneurs

Entrepreneurs want to set their own

agendas and schedules. They want to
make their own decisions.
Characteristics of
Successful Entrepreneurs

Entrepreneurs have high expectations of

themselves.
 Characteristics of
Successful Entrepreneurs

Entrepreneurs believe in themselves and act

accordingly.
Characteristics of
Successful Entrepreneurs

Entrepreneurs like to take risks, but they are

not reckless. They seek opportunities that
offer both a challenge and a reasonable
chance of success.
Characteristics of
Successful Entrepreneurs

Once entrepreneurs achieve their goals,

they begin looking for new challenges.
Characteristics of
Successful Entrepreneurs

 Entrepreneurs are doers as opposed to

spectators. They make decisions and act on
them.
 Characteristics of
Successful Entrepreneurs

Entrepreneurs are energetic and

passionate about their pursuits.
THANK YOU