ABSTRACT

The traits and activities of entrepreneurs have been studied for more than two hundred years. Individuals such as Richard Cantillion (c.1730), Jean-Baptiste Say (c.1810), Karl Marx (c.1867), Alfred Marshall (c.1890), Joseph Schumpeter (c.1910) and in recent times Harvey Leibenstein (c.1970) have all contributed significantly to this body of knowledge. Today, research on entrepreneurship is growing in popularity in several academic areas of study including psychology, economics, management, sociology and anthropology. The traits identified as most common to entrepreneurs are riskbearing behavior, the coordination of productive resources, introduction of innovation and creativity, and the provision of capital. Oliver Clay ton argues that entrepreneurs must:

Be aggressive, be competitive, be goal-oriented, be egocentric, make decisions, be an achiever very earlier in life, be a loner in your final decision, put family and friends second to business, be an opportunist, do not be securityoriented, be persistent, have determination, be an optimist (to an extreme), have desire to achieve, be hyperactive mentally, be a dreamer, be a calculated risk-taker, want power, learn from previous mistakes, be a perfectionist and be intuitive.1