- Self-Esteem - high sense of one's own self-worth. Without that, individuals will never undertake tough challenges
- Need to Achieve - seek to perform at their best. Who stops being better, stops being good. They are open to feedback, are goal oriented, seek to be unique, and strive for accomplishments based on their own efforts. They also take risks, not extreme risks, but moderate ones.
- Screening For Opportunity - leaders screen incoming information to separate the useful from the useless; information which supports new growth opportunities.
- Locus of Control - show a high internal locus of control, which is more likely to experience success, rather high on the external locus of control. Internal also assume failure was also their fault.
- Goal Orientation - understand what the priorities are and continue to work at toward that goal, day in and day out.
- Optimism – display a boundless font of optimism that never seems to end. When faced with a problem, they view it as a challenge. When faced with a setback, they view it as a new direction
- Courage - entrepreneurs are risks takers. It requires a great deal of courage to build a company from the ground up.
- Tolerance to Ambiguity – show tolerance to uncertainty and risk. If one’s tolerance for ambiguity is low, one will gravitate toward large.
Strong Internal Motivation - The motivation that drives our behavior comes from two sources: internal (intrinsic) and external (extrinsic). Intrinsic factors include constructs like needs, desires, motives, and will power. Extrinsic factors include any type of motivational influence from the environment such as rewards and punishments. For entrepreneurs, the most important motivational factor is the intrinsic one. >>>>
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