1. Creativity and Innovation: Successful entrepreneurs think outside the box and come up with innovative solutions to problems. This ability helps them to stay ahead of competition and create unique products or services.
2. Risk-taking ability: Entrepreneurs are willing to take calculated risks. They invest time, money, and resources to pursue their ideas, despite uncertainties, and are prepared to learn from failures.
These qualities are essential because they enable entrepreneurs to adapt to challenges, seize new opportunities, and build sustainable businesses.