Three Qualities Of A Successful Entrepreneur

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Three qualities I would most be looking for in the leader of my business team would be commitment and determination, leadership and creativity, self-reliance and adaptability. I would be looking for these qualities because I believe that they are the most important qualities that a successful entrepreneur should have. In my opinion, these are qualities of an entrepreneur that you cannot teach to anyone. Commitment and determination, leadership and creativity, self-reliance and adaptability are qualities that people are born with and those who posses these attributes are more likely to make it as an entrepreneur. The first quality a successful entrepreneur must have is commitment and determination. This is the most important key factor an entrepreneur …show more content…
A successful entrepreneurial leader has many qualities such as a self-starter, team builder and inspires others. They are also superior learners and teachers, share the wealth and exert influence without formal power. Entrepreneurial leaders focus on establishing direction. They develop a vision of the future and strategies for producing the changes needed to get there. Leaders focus on alining people not organizing and staffing. They know how to communicate direction to those who will need to combine in teams and buy into the vision and strategy. By doing this, a successful entrepreneurial leader can produce extremely significant and useful …show more content…
An example of a successful entrepreneurial leader is Sam Walton and Wal-Mart. Wal-Mart’s employees exude team spirit. The impression throughout the employees of Wal-Mart is that they like their jobs and they feel part of a family. Sam Walton incorporated the “train the trainers” approach to Wal-Mart because he saw how it worked in a playground. Wal-Mart has produced more employee millionaires and employee wealth than any American company. In addition, while most employees have never met Walton, they all feel they know him. Walton was a team builder, inspirer, great learner and teacher, shared the rewards and wealth and exerted influence in an informal way. Wal-Mart is the world’s largest company by revenue, the biggest private employer in the world with over two million employees and the largest retailer in the world. It is safe to say that the entrepreneurial leadership that Mr. Walton employed helped make Wal-Mart a successful

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