What does an entrepreneur need to succeed? Determination and perseverance are very important. A good business owner also needs to be able to admit when he is wrong or when she needs help. Many entrepreneurs are daring and bold, but they also need to know when to follow the rules. The government frowns on those who don't follow payroll laws or file their sales taxes on time. They will even send you to jail if you don't pay your payroll taxes as required. While being bold is generally a good personality trait for a business owner, the successful ones also value good planning and strategic thinking. They surround themselves with good advisors and skilled employees if employees are needed.
Do you have what it takes to be a successful entrepreneur? It takes more than just a great product or service idea. It takes organization and some money for the start up. Taking the time to develop a solid business plan and making sure you have adequate funding along with the daring will insure success.