What are the twenty commandments each entrepreneur should necessarily know and understand?
The following are twenty commandments which are to be read and understood by each entrepreneur :
· Taking into consideration the risks involved in successful running of entrepreneurship firm, the following are found to be twenty attributes for any start up entrepreneur to become successful in the near future:
01. Capacity to take risk at all times
02. Capacity to work hard unmindful of the time involved in performing his duties
03. Above average intelligence and wide knowledge about various factors about his industry as well as others
04. Self motivation and less dependence on guidance from others
05. Vision and foresight
06. Willingness to defer consumption
07. Using imaginative and creative skills, taking initiative at appropriate times and emulating successful entrepreneurs in his field
08. Inventive ability and sound judgment
09. Flexibility and sociability
10. Desire to take personal responsibility
11. Desire to seek and use feedback
12. Persistence in the face of adversity
13. Innovativeness and future orientation
14. Mobility and drive
15. Creative thinking
16. Strong need for achievement
17. Ability to marshall resources
18. High degree of ambitions
19. Will to conquer and impulse to fight
20. Will to prove superior to others
