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advantage in successfully running their own business.
• Energetic: An entrepreneur always needs to be energetic because they are working for their own startup.
Maintaining high energy levels help them remain fully dedicated to their dreams. They continuously work with
full energy to explore multiple approaches that can benefit their startup.
• Self-Confident: Entrepreneurs are self-confident individuals who believe in their own vision and abilities. It
enables them to overcome the hurdles and challenges they face daily in their business. Their belief in their
dreams nurtures their confidence and helps them in making important decisions with ease.
• Perseverant: Entrepreneur's perseverance helps them persist through difficult times. They continuously seek
options to ensure their business survive and eventually flourish. Their 'never give up' attitude enables them to
persevere through disappointments and failures. By giving their best effort and learning from both success and
setback, they effectively manage their business.
• Trying New Ideas: Entrepreneurs are open to experimenting with different approaches, products, or services
in order to find what works best for their business. Entrepreneurs understand that innovation is key to stay
competitive in the ever-changing market, so they actively seek out new opportunities and embrace change.
By trying new ideas, entrepreneurs can discover untapped markets, improve existing offerings, or even create
entirely new business ventures. They are not afraid of failure but see it as a learning opportunity that can lead
to future success.
• Patient: It means being able to wait calmly and persistently for results without getting frustrated or giving
up easily. Patient entrepreneurs understand that building a successful business takes time and effort. They
are willing to endure setbacks, delays, and challenges along the way, knowing that success rarely happens
overnight. Patient entrepreneurs also have the ability to carefully plan and execute their strategies, knowing
that some goals may take months or even years to achieve. Their patience allows them to stay focused on their
long-term vision and remain committed to their goals.
• Creative: An entrepreneur has the ability to think outside the box and come up with innovative solutions to
problems. Creative entrepreneurs see opportunities where others see obstacles, and they use their imagination
to develop new products, services, or ways of doing business. Their creativity helps them stay ahead of the
competition and adapt to changing market conditions. By being open to new ideas and experimenting with
different approaches, they can find unique ways to meet customer needs and grow their business. Creativity also
allows entrepreneurs to inspire their team and foster a culture of innovation within their company.
• Take Responsibility: This means that an entrepreneur owns their decisions and actions, whether they lead to
success or failure. They don't blame others when things go wrong but instead look for ways to fix the problems
and learn from their mistakes. Taking responsibility also involves being accountable to their team, customers, and
stakeholders. It shows that they are reliable and trustworthy, which helps build a positive reputation for their business.
By taking responsibility, entrepreneurs demonstrate leadership and a strong commitment to their goals and
values.
• Take Decisions after Thinking: An entrepreneur has the ability to make thoughtful decisions. This means that
before taking any action, an entrepreneur carefully thinks about whether the decision will be good or bad for
the business. They consider all the possible outcomes, weigh the risks and benefits, and gather all the necessary
information to make an informed choice. This careful decision-making ensures that their actions support the
long-term success and growth of the business. By thinking things through, they avoid rash decisions and are
better prepared to handle any challenges that may arise.
Functions of an Entrepreneur
Entrepreneurs are good at seeing opportunities in the world. They find ways to fix problems or make things that
people want. Some of the important functions of an entrepreneur are:
Entrepreneurial Skills-II 73

