It is an inner urge in an individual to do or initiate something. It is the entrepreneur who takes the first move towards setting up of an enterprise. Most innovative entrepreneurs have this urge to do something different. An entrepreneur basically is an innovator who carries out new combinations to initiate and accelerate the process of economic development.

An entrepreneur is always on the look- out or searching for opportunity and is ready to exploit it in the best interests of the enterprise.

An entrepreneur is never disheartened by failures and keeps trying, adapting, and iterating to overcome obstacles that come in the way of achieving goals.

: A successful entrepreneur always keeps his/her eyes and ears open and is receptive to new ideas which can help in realizing his goals. He/she is always open to consult with experts and mentors to get the right guidance and advice.

Successful entrepreneurs are seen to be not satisfied with moderate or average performance. They set high quality standards for themselves and then 4 put in their best for achieving these standards. They believe in excellence, which is reflected in everything they do.

: Entrepreneurs exhibit high level of commitment towards their work and decisions. For an entrepreneur to succeed, they have to stay committed to their venture and their goal.

: Many entrepreneurs are always keen to devise new methods aimed at promoting efficiency. They try and create new methods that aim at making working easier, simpler, better, and economical.

Successful entrepreneurs decide future course of action keeping in mind the goals to be achieved. They believe in developing relevant and realistic plans and ensure proper execution of the same in pursuit of running a successful enterprise.

An entrepreneur takes each problem as a challenge and put in best for finding out the most appropriate solution for the same. He/she will first of all understand the problem and then evolve appropriate strategy dealing with the same.

: Entrepreneurs are not cowed down by difficulties as they believe in their own abilities and strengths. They have full faith

: An assertive person knows what to say, when to say, how to say and whom to say. Entrepreneurs exhibit assertiveness in situations around decision making to ensure that interests of the organization are aligned with decisions and actions of the entrepreneur and its team.

: Entrepreneurs have to persuade different cohorts of people at different stages, such as employees, customers, clients, suppliers etc. Through sound opinions and logical reasoning, an entrepreneur manages to convince others about what he/she wants.

A successful entrepreneur possesses the ability to formulate relevant strategies, aimed at safeguarding or promoting the organization’s interests and goals. Strategy may be with respect to facing future uncertainties or challenges posed by competitors etc.

Entrepreneurs monitor that everything is carried out in their organizations as per their decisions but at the same time give some flexibility to the employees. They ensure regular monitoring of the working so that the goals of the organization are achieved in best possible manner.

: Future of the organization depends on its employees. If the employees are dedicated, committed and loyal, the organization is bound to perform well. A successful entrepreneur tries to promote organization’s interest through promotion of interests of the workers. He/she takes personal interest in solving problems confronting workers and generates the feeling that there is interdependence of the interest of workers and the management.

: Adaptability refers to the capacity to adjust one’s thoughts and behaviors to effectively respond to uncertainty, new information, or changed circumstances. In business, adaptability becomes a survival skill as the nature of businesses is dynamic. Uncertainty around globalization, new technologies, market trends, etc., poses a tremendous challenge for applying the right business strategy. Entrepreneurs learn to disrupt, pay the price, and bring change. It is impossible to accomplish this without developing the skill of adaptability.

One of the most important traits of being an entrepreneur is being able to take decisions that often, decide the fate

Goal setting refers to establishing short or long-term objectives, usually along with incorporating deadlines and quantifiable measures to indicate if they have been achieved. For a business, the ultimate goal is to make profit. For a social enterprise, the goal might be to sustain itself and create the impact that it aims to. Entrepreneurs set various goals with different timelines. Each action and decision is taken to achieve a certain goal.

Team building is any action or method that brings a group of individuals together and motivates them to work cooperatively as a team. It refers to the various activities undertaken to motivate the team members and increase the overall performance of the team. Teams are formed when individuals with a common interest come together on a common platform to achieve a predefined target. The main goals of team building are to improve productivity and motivation.

For smooth functioning of a team, each member must be consistent and clear in their communications and interpersonal skills. Clear communication helps everyone in the team to understand what’s expected and how it’s measured. It must also be ensured that no member offends the other.

: is a process of continually improving ideas and solutions by making gradual alterations and refinements. Entrepreneurs exhibit creativity by applying the process of design thinking, thinking of alternatives, trying unconventional ways to do things and continuously improvise and iterate.

Entrepreneurs take enough risk but it is a calculated risk. They use risk management principles to assess the loss and return of the risk.

. : It is important to be perseverant and patient and ready to continue even if the first battle is lost. Entrepreneurs need to stay put, be patient and believe in their vision. It is only by trying different things and ways to do them, that a solution can be found.

Negotiation skills for entrepreneurs are critically important to business success. There are several scenarios where an entrepreneur's negotiation skills come into play such as supplier relations, customer sales, employee hiring, securing investors etc.

for entrepreneurs are not just about structuring and prioritizing their daily work, but mainly about managing teams, delegating, setting targets, continually reviewing and leading and motivating the people around them.

Entrepreneurs have a hectic work life and thus, it is important for them to manage and handle stress. This refers to taking systematic brakes, maintaining work life balance, setting achievable goals, connecting with other like-minded entrepreneurs etc.

Diversity is about how an organization treats its people authentically down to the roots of its business model. It is key for an entrepreneur to remember that a person working for him/her is actually providing their service. At the same time, people of all cultures, race, religion, gender etc. have to be treated equally and with respect, such that they mutually flourish and grow together.