Provide Examples of the Skills, Qualities and Characteristics of Successful Entrepreneurs

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A01 - Provide examples of the skills, qualities and characteristics of successful entrepreneurs

In this task I will provide examples of the skills, qualities and the characteristics of successful entrepreneurs. This will be based on comprehensive explanation supported with a wide range of examples.

The skills, qualities and characteristics that I am going to explain and give examples of are: oApproach to risk taking
oFlexibility & adaptability
oProblem Solving
oDrive to succeed

Approach to risk taking

There are many different approaches you can take when taking a risk. The type of risk depends on how an individual’s circumstance is. There can be high risks or low risks that an individual takes in order to become successful. For example a high risk taken by an entrepreneur can be by someone that is earning a middle class wage of £25-30000 a year that decides to take sufficient loan and other types of funding in order to raise money to start a new business up. This will be seen as a high risk because individually you will be risking everything on a new business which he does not know whether it will be a successful business or not.


An attitude is an individual’s perspective towards a point of view. In order for a business or an entrepreneur to be successful they have to have a positive attitude in what they are doing so that they can persuade customers to buy their products and services. It is vital for a business to believe in their product because if the business do not believe and not have a positive attitude towards their product no one else will take interest in their product. In addition to that the business cannot give false information regarding their product because false promises towards customers can break the law so it is important for a business to be honest about their product.

Flexibility & Adaptability

Flexibility and Adaptability involves having to adapt quickly as well as...
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