Characteristics and Darksides of Successful Entrepreneurs

Successful  entrepreneurs usually have some characteristics that promote their innovative behavior. Some of these characteristics are listed below and I have provided an explanation for a few.

• Persistent
• Creative
• Responsible
• Inquisitive
• Goal
• Independent
• Self-demanding
• Risk-taking
• Restless
• Action oriented
• Enthusiastic

1. Persistence: If we notice, successful entrepreneurs never give up easily no matter the situation, they are always ready to do what they have to, and also do it well and fully.
2. Creative: When we have a problem, the next thing is to think about a solution, so do entrepreneurs. The are always thinking of new valuable and effective ways of solving problems.
3. Responsible: Entrepreneurs don't allow others make decisions for their use, they always have that sense of solving their own problems and taking responsibility for their actions.
4. Inquisitive: As much as a good farmer would want to know about anything which would reduce his farms productivity, so does every successful entrepreneur want to know about anything that would tamper with their business ventures.

DARKSIDES OF ENTREPRENEURSHIP.

Although entrepreneurs seem to be well to do people, there are some dark sides to entrepreneurship also. Entrepreneurs constantly face some risks which they have to tackle one time or the other.

1. Financial risk: When an entrepreneur starts a business venture, he puts capital into this business and if the business venture fails, he loses the money.
2. Career Risk: If an entrepreneurs business venture fails, he has to consider if his former employer would take him back or figure out a new business opportunity he can undertake.
3. Family and Social Risk: Because of their commitment to their job, entrepreneurs rarely have time to enjoy themselves with friends and family.
4. Physic Risk: This is one of the major risks as some entrepreneurs who have failed could find it hard to move on whilst losing all that money and effort they put into the collapsed business venture.  This could have psychological effects on the entrepreneur.