Characteristics of an Entrepreneur:
1. Spirit of Enterprise: Entrepreneur should be bold enough to encounter risk arising from Elements of Entrepreneurship 145 the venture undertaken.
2. Self-confidence: Entrepreneur should have self confidence in order to achieve high goals in the business.
3. Flexibility: Entrepreneur should not doggedly stick to decisions in a rigid fashion.
4. Innovation: Entrepreneur should contribute something new or something unique to meet the changing requirements of customers namely new product, new method of production or distribution, adding new features to the existing product, uncovering a new territory for business, innovating new raw material, etc.
5. Resource Mobilisation: Entrepreneur should have the capability to mobilise both tangible inputs like manpower, money materials, technology, market, method etc., which are scattered over a wide area and certain intangible inputs like motivation, morale and innovativeness.
