Traits of Successful Entrepreneurs

Abstract

Deciphering the traits of successful entrepreneurs is important to understanding, developing, and promoting these skills for the success of organizations irrespective of their size. Knowing and understanding these traits keep an organization young and flexible as well as responsive to the dynamics of the business environment. This article seeks to list and elaborate on the essential traits of successful entrepreneurs that are predictive of entrepreneurial and organizational success. The authors identify these following key traits: comfort with uncertainty, laser-like focus and execution, flexibility in response to market needs, big picture perspective coupled with a detail orientation, and people management with the right balance of delegation.

TOPICS: Private equity, manager selection, analysis of individual factors/risk premia