Q.State any four qualities of a successful entrepreneur.

Only some of the people who attempt a business venture actually succeed at it, and commerce identifies the personal qualities that make the difference.

A successful entrepreneur is commonly marked out by a fixed set of personal qualities, of which any four may be stated:

1. Self-confidence -- belief in one's own judgement and ability to carry an idea through, even against early doubt or discouraging results.
2. Vision and foresight -- the ability to picture the enterprise's future and plan today's actions around that future picture.
3. Willingness to take calculated risk -- taking a risk only after weighing the likely gain against the likely loss, rather than avoiding risk altogether or gambling blindly.
4. Innovativeness and creativity -- the capacity to see a new product, process, or market, or a better way of organising an existing one.

(Other valid qualities a student may substitute: hard work and perseverance, ability to take decisions, organising ability, good human relations, knowledge of the business, and achievement orientation.)

Naming a quality without any explanation loses marks under the BIEAP commerce scheme -- each quality named should carry at least one line explaining what it means in an entrepreneurial context.