Entrepreneurs struggle In running SME businesses

A recent report from T Mobile suggests that UK entrepreneurs are struggling to achieve all that they would like from their business.

Finding new customers, feeling isolated, too much government 'red tape' and difficulty in achieving a work life balance contributed to the problems, whilst reality TV shows increase the status of entrepreneurs they fail to inspire others to start a business.

Discover 7 Factors Determining the Success of Entrepreneurs

There are several factors that will determine the success or otherwise of the small business entrepreneur.

There will be business associated factors that will influence the success of the entrepreneur, however, personal characteristics will also set him/her aside from others and afford greater chance of achieving success.

7 characteristics that help mold a successful entrepreneur include:

1. The person will ooze self confidence
2. There will be a zero or very low fear of failing
3. Clear goals for the business will be set
4. The person will possess an abundant supply of energy and drive
5. Responsibility for the development of the business will be personal and rarely delegated
6. A ‘controlled’ level of risk taking will enjoyed
7. Use of all freely available resources


For more advice on leadership and entrepreneurship visit DAW Consulting.