03/11/2022
“Why do approximately 70% – 80% of small businesses fail within three years? Why are certain entrepreneurs more successful than others?”
The research indicates that in terms of success factors, more than 50% can be attributed to the entrepreneur. The characteristics of the business owner is crucial for the survive and growth of their enterprise. A successful entrepreneur is
1. Persistence, being proactive and being a self-starter,
2. Do not react to events but are continually planning (good planning is an important success indicator), constantly revise plans in light of customer and environment feedback
3. Creativity and innovating, having an ability to learn and apply this learning and having a culture of achievement.
4. Opportunity seeking and taking initiatives / where others see problems, entrepreneurs see opportunities
5. Information seeking, they gather information far and wide to gain credibility in their space
7. Efficient, always finds ways to do things a little better , faster and cheaper
What other are the other attributes of a successful entrepreneur, hit the comment session
AK Strategy & Consulting