s are intrinsically motivated to invest 15 or more hours a day in their work (Houtz & Heasley, 2002).
High energy levels: Successful entrepreneurs demonstrate high energy levels as they are constantly conjuring up new ideas, experimenting with them and ensuring their completion (Drucker, 1985; Boyett & Boyett, 2000).
Accurate recognition of their strengths and weaknesses: Unlike controlling individuals, successful entrepreneurs place their focus on their strengths and delegate tasks to other individuals. By allocating responsibilities to others, they will be able to concentrate their energies on harnessing their strengths (Covey, 1989).
Ongoing desire to learn: Even though many successful entrepreneurs do not have graduate degrees, they cultivate their entrepreneurial spirit by asking questions and gaining knowledge from others. This characteristic is especially true of entrepreneurs who work in a rapidly-changing field such as computers (Covey, 1989; Drucker, 1985).
Relentless persistence to succeed: Undaunted by setbacks, mistakes and failures, successful entrepreneurs do not give up on their pursuit of their dreams. While some entrepreneurs are driven by their fear of failure, others regard failures as learning experiences that will teach them valuable lessons (Drucker, 1985).
Tremendous flexibility: Responsive to the changes in the market and the needs of their customers, entrepreneurs have the flexibility to adapt their ideas and organizations accordingly. Similarly, they also possess the people skills to provide sufficient flexibility for their employees to make appropriate and timely decisions (Goodman, 1994).
Immediate response to opportunities: Successful entrepreneurs are quick to recognize opportunities and adapt them to their own businesses (Goodman, 1994).
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