Successful entrepreneurs possess qualities and characteristics that differentiates them from others. An entrepreneur organizes a business venture and assumes the risk for it. Many people have dreams of starting their own businesses and being their own bosses. Unfortunately, not everyone has the qualities to succeed as an entrepreneur.  An online MBA in entrepreneurship can help anyone obtain the essential qualities an entrepreneur needs to have. The following are characteristics and qualities of great and successful entrepreneurs.

  1. A great entrepreneur knows how to predict the future and he creates a plan to take advantage of it.
  2. A great entrepreneur organizes his or her objectives and sets procedures to achieve them
  3. Team player and great at expanding network.
  4. Great entrepreneurs see the whole picture and then go beyond it.
  5. Ability to create a business plan and execute it
  6. Persistence is without a doubt the most essential quality of a great entrepreneur.
  7. Ability to wear many hats when necessary
  8. Capable of planning, motivating, coaching, and evaluating the staff and employees.
  9. Strong belief in yourself, but always ready to learn
  10. Great entrepreneurs are realistic with their expectations, goals, and current situation.
  11. Focus is another trait that is essential for success.
  12. Ambition is another quality that all great entrepreneurs have.
  13. Ability to trust others – delegation.
  14. Ability to identify your strengths and weaknesses, and work on those that need improvement.
  15. Desire – a passion toward what you want to do.
  16. A great entrepreneurs studies the times and trends and is abreast with industry news
  17. Great entrepreneurs are great at executing and following through.
  18. Ability to hire and mange a great team
  19. Ability to know when to introduce a new product or service or when to outwit the competition
  20. A great entrepreneur knows when opportunities knock and takes advantage of it.
  21. A great entrepreneur has wisdom to communicate and be good at it.
  22. Keeps real good relationships with his employees, co-owners, investors, creditors, debtors and customers.


  1. Hi Thomas.

    Thanks for this great article. You really make it brief and clear about how to be a successful entrepreneur. Like it very much. Hope I can learn more.

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