Common Characteristics Associated With Entrepreneurs

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Common Characteristics Associated with entrepreneurs

A review of literature related to entrepreneurial characteristics reveals the existence of a large


number of factors that can be consolidated into a much smaller set of profile dimesions. For
example , if the work of John Kao is considered, 11 common characteristics can be identified:

Total commitment, determination, and perseverance


Drive to achieve and grow
Opportunity and goal orientation
Taking initiative and personal responsibility
Persistent problem solving
Realism and sense of humour
Seeking and using feedback
Internal locus of control
Calculated risk taking and risk seeking
Low need for status and power
Integrity and reliability

John Hornaday examined various research sources and formulated a list of 42 characteristics
often attributed to entrepreneurs
1.
2.
3.
4.
5.
6.
7.
8.
9.

Confidence
Perseverance, determination
Energy, diligence
Resourcefulness
Ability to take calculated risk
Dynamism, leadership
Optimism
Need to achieve
Versatility; knowledge of
product, market, machinery ,
technology
10.Creativity
11.Ability to influence others
12.Ability to get along well with
people
13.Initiative
14.Flexibility
15.Intelligence
16.Orientation to clear goals
17.Positive response to
challenges
18.Independence
19.Responsiveness to
suggestions and criticisms
20.Time competence, efficiency
21.Ability to make decisions

22.Responsibility
23.Foresight
24.Accuracy; thoroughness
25.Cooperativeness
26.Profit orientation
27.Ability to learn from mistakes
28.Sense of power
29.Pleasant personality
30.Egotism
31.Courage
32.Imagination
33.Perceptivnesss
34.Tolerance for ambiguity
35.Aggressiveness
36.Capciaty for enjoyment
37.Efficacy
38.Commitment
39.Ability to trust workers
40.Sensitivity to others
41.Honesty, Integrity
42.Maturity, balance

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