Topic > Entrepreneur - 1401

The above analytical framework reveals the personality attributes that make an individual become an entrepreneur and the attributes are illustrated from conception to the final process. It is made up of a combination of business theories that allude to the psychological traits of an individual. Different business theories will be used to explain the framework. The personality attribute conception of an entrepreneur is the will to establish a kingdom, followed by the need for success, then the internal locus of control followed closely by the maverick and finally the culmination of all the personality attributes lead to an entrepreneur . Goss (2005), Joseph Schumpeter suggested that one of the psychological traits of an entrepreneur is the “will to establish a private kingdom”. This is not just a personality attribute, but is a form of entrepreneurial motivation that can be found in entrepreneurs and individuals who may become entrepreneurs. In the above framework, it is highlighted as the first stage of one of the many personality traits attributed to entrepreneurs. Goss (2005) argued that Schumpeter's entrepreneurial motivation regarding the desire to establish a private kingdom is focused on an individual gaining and losing social status, i.e. the reason is that one gains power which protects against feelings of shame. Goss (2005) views Schumpeter's three entrepreneurial motivations from a sociological and not a psychological prism. After a careful examination of Schumpeter's writings, Goss (2005) concluded that social interaction and emotions are key variables in entrepreneurial actions. Furthermore, Barnes (2000) views motivations from a sociological prism and otherwise argues that…middle of the paper……personal resources.Kets De Vries (1977) argues that entrepreneurs are “anxious, non-conformist, poorly organized and non-stranger individuals to self-destructive behavior." The attribute of nonconformist can be applied to Victoria, but the characteristics of poor organization or self-destructive behavior cannot be applied to Victoria as she does not portray these personalities. Although Victoria reveals that she has an inner direction based on self-sufficiency, she does not neglect interpersonal relationships with family, co-workers and clients. Overall, the dream of establishing a private kingdom, a high need for achievement, an internal locus of control and non-conformist behaviors all contribute to the personality attributes of an entrepreneur. In conclusion, entrepreneurs must possess a high need for success and a high internal locus of control.