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World Famous Male Business Leaders : Secret of Success

People often start a business expecting it to be successful. There are many reasons for opening up a new business. Some people desire to earn income while others seek to be self-employed. However, the performance of business varies from one business to another. While one businessperson may be successful, another may be a poor performer or at worst a failure. For any business to be successful, the owner and the senior management staff must possess certain entrepreneurial qualities or characteristics. Qualities or Personal Entrepreneurial Characteristics (PEC) of successful entrepreneurs refer to the desired traits, which enable an entrepreneur to do what is expected of him/her and succeed in business. It is the combination of these characteristics that is required to enable any one to perform effectively as an entrepreneur. It is possible for people to develop these characteristics and succeed in their careers as entrepreneurs. Successful entrepreneurs have common characteristics, which are divided into three clusters namely achievement, planning and power.

1: Common Qualifications of the World Famous Business Leaders

1.1Biography of the selected world famous business leaders

1.1.1 Sir Richard Charles Nicholas Branson

Born July 18, 1950, in Surrey, England, Sir Richard Charles Nicholas Branson struggled in school and dropped out at age 16, a decision that ultimately lead to the creation of Virgin Records. His entrepreneurial projects started in the music industry and expanded into other sectors making Branson a billionaire. His Virgin Group holds more than 200 companies, including the recent Virgin Galactic,a space tourism company. Branson is also known for his adventurous spirit and sporting achievements such as crossing oceans in a hot-air-balloon.

1 Early Life

Born Richard Charles Nicholas Branson on July 18, 1950 in Surrey, England. His father, Edward James Branson, worked as

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