Entrepreneurial Character Traits
Character trait refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business.
Among the factors that largely influence success are the character traits and competencies of the entrepreneur.
Based on studies conducted by the Small Enterprise Research and Development Foundation of the Department of Trade and Industry, there are ten entrepreneurial characteristics grouped into three major clusters:
1. Achievement cluster
2. Planning cluster
3. Power cluster
The Achievement Cluster consists of entrepreneurial character traits that are directly related to the entrepreneur's desire to be an achiever in the field of entrepreneurship.
Successful entrepreneurs constantly set things to be achieved and repeatedly find ways to achieve them. The entrepreneur who belongs to the achievement cluster is
1. an opportunity-seeker,
2. committed,
3. persistent
4. a risk-taker, and
5. efficient and quality-oriented
The Planning Cluster is a set of characteristics of successful entrepreneurs that basically supports the character traits in the achievement cluster.
The concept of planning is inherent in the entrepreneur, being both the owner and manager of the business.
The entrepreneur who belongs to the planning cluster is
1. a goal-setter,
2. an information-seeker, and
3. systematic in planning and monitoring
The Power Cluster includes a set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community.
The term power in this discussion simply refers to the ability of the entrepreneur to maintain the highest degree of interrelationship in the business community and influence others over to his/her line of reasoning.
In simple terms, the power cluster refers to the relationship and image of the entrepreneur in the community. An entrepreneur in the power cluster is
1. a persuasive and positive networker, and
2. self-confident
Among the factors that largely influence success are the character traits and competencies of the entrepreneur.
Based on studies conducted by the Small Enterprise Research and Development Foundation of the Department of Trade and Industry, there are ten entrepreneurial characteristics grouped into three major clusters:
1. Achievement cluster
2. Planning cluster
3. Power cluster
The Achievement Cluster consists of entrepreneurial character traits that are directly related to the entrepreneur's desire to be an achiever in the field of entrepreneurship.
Successful entrepreneurs constantly set things to be achieved and repeatedly find ways to achieve them. The entrepreneur who belongs to the achievement cluster is
1. an opportunity-seeker,
2. committed,
3. persistent
4. a risk-taker, and
5. efficient and quality-oriented
The Planning Cluster is a set of characteristics of successful entrepreneurs that basically supports the character traits in the achievement cluster.
The concept of planning is inherent in the entrepreneur, being both the owner and manager of the business.
The entrepreneur who belongs to the planning cluster is
1. a goal-setter,
2. an information-seeker, and
3. systematic in planning and monitoring
The Power Cluster includes a set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community.
The term power in this discussion simply refers to the ability of the entrepreneur to maintain the highest degree of interrelationship in the business community and influence others over to his/her line of reasoning.
In simple terms, the power cluster refers to the relationship and image of the entrepreneur in the community. An entrepreneur in the power cluster is
1. a persuasive and positive networker, and
2. self-confident