Leadership characteristics of a successful entrepreneur

Essay by loliver19University, Master'sA+, April 2004

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Successful entrepreneurs are specialized types of leaders that have a definite set of leadership characteristics that make them good at what they do--motivate people. Successful entrepreneurs are usually very focused in their vision and are immersed in making their venture successful. A good entrepreneur uses a dynamic and charismatic approach to motivate their employees to feel the same sort of feelings of success that he or she feels towards the ultimate success of the business. Howard Shultz, the founder of Starbucks Corporation, uses a dynamic leadership style, charismatic personality and vision to propel Starbucks as the premiere specialty coffee house in America, and is well on the way to becoming the global name for specialty coffee houses.

Entrepreneurs, by the very nature of the definition, are self-starters that are highly motivated to make their business successful. Most people that start their own business do so because they have the personal drive to put their own ideas into a business venture.

It takes a very motivated individual with personal convictions to make a business become a profitable and successful business. Obviously, if a person has enough gumption to take the steps to start their own business, then they are, by nature, very motivated individuals that want to make their project succeed. People who are not highly motivated will not become entrepreneurs or will more than likely fail if they try to make a half-hearted attempt to start their own business. To make a business succeed requires a vision of where the company should be after a specific time period. All entrepreneurs know in their mind what they would like their business to be in one year or five years or ten years. Successful entrepreneurs have a focused vision of what steps need to be taken to make their business succeed.