Entrepreneurs
are the economic heroes of modern society. Collectively their drive, energy and
perseverance have produced high growth ventures with disproportionate impact on
the economy.
An analysis of the characteristics of successful entrepreneurs
confirmed that these entrepreneurs have much in common but they also differ
widely. Thus, there is no universal set of characteristics distinguishing
entrepreneurs from other human beings. Furthermore, there is no single set of
attitudes and behaviours that every entrepreneur must have for every venture
opportunity. What is required in each situation depends on the mix of key
players and how promising and forgiving the opportunity is given the founder’s
strength and shortcomings.
Despite inherent differences there is
consensus that successful entrepreneurs share a constellation of personality
traits. Burch (1986) identified nine of the most salient personality traits of
an entrepreneur. He describes an entrepreneur:
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Someone with a drive to achieve;
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Someone who is hardworking and has
nurturing qualities. The person should be willing to accept responsibility.
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Be optimistic; and
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Must be a good organizer. Furthermore
the entrepreneur must be reward, money and excellence oriented.
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