Characteristics of an Entrepreneur

Ashu Bhandari has over 20 years’ experience in the retail and hospitality

industries. As the founder and owner of Ashu Bhandari Consulting, Ashu Bhandari utilizes his expertise to help entrepreneurs realize

their visions for the future, even during difficult financial times.

An entrepreneur is a person who initiates a business, usually with some potential risk

involved. Entrepreneurship generally requires long hours and great sacrifices, but potential rewards can be tremendous. The following

characteristics make a successful entrepreneur:

1. Leadership. An entrepreneur is required to have strong decision-making abilities and be

able to motivate people toward a common goal.

2. Self-motivated. Successful entrepreneurs work tirelessly to resolve the problems that

confront them.

3. Ethics and integrity. If you cannot demonstrate that you have high integrity,

nobody will do business with you.

4. Not afraid of failure. Successful entrepreneurs must take risks in order to

obtain rewards.

5. Innovative. Successful entrepreneurs are always coming up with new ideas or working

to improve existing ones.

6. Always learning. Entrepreneurs are not afraid to ask questions when necessary.

7. Competitive. Entrepreneurs enjoy a challenge and like to win.

8. A strong network of peers. The best entrepreneurs understand that they cannot

succeed alone.