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Entreprenuship

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Submitted By jedahmin
Words 1102
Pages 5
5 characteristics that make me a successor in my business is:

i) Passion
The entrepreneur must have more than a casual interest in the business because there will be many hurdles and obstacles to be overcome. If there is no passion, or consuming interest, the business will not succeed. When people (entrepreneur) feel committed and to what they’re doing and when they care deeply about it, they have a chance of being successful at it. Passion is the enthusiasm, ambition, joy and zeal that emerge when entrepreneur are doing something that they feel is important and truly enjoy. This passion, it is an attitude that results in tenacity in the face of difficulty and a willingness to work hard. Entrepreneur does not give up easily. In fact, on most days they are confident of their ability to meet the challenges confronting them. Passion is one of the reasons that people start a business.

ii) High Tolerance of Ambiguity
Tolerance of ambiguity is means not getting upset when you don’t know the outcome of the situation. Ambiguity is a fact of life. A person with a high tolerance for ambiguity is one who finds ambiguous situations challenging, one who strives to overcome unstable and unpredictable situation in order to perform correctly. Entrepreneurs do not only work in uncertain environments, but they are also prepared to handle them. And in pursuit of their objectives undertake the unknown with patience. Entrepreneur who is more tolerant of ambiguity may view ambiguity as a challenge and the element of uncertainty could serve as a motivational catalyst.

iii) Self-efficacy
Entrepreneurial self-efficacy is the degree of confidence a person has in their skills to successfully play different roles and perform entrepreneurial tasks. People who have higher self-efficacy also feel more empowered to overcome perceived obstacles and anticipate positive results which

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