possible. Willingness to Take Calculated Risks A good entrepreneur should be ready to take calculated risk if he or she wants to succeed. Sometimes in business you will need to trust your gut feelings and walk on water. However you will need to distinguish between foolishness and calculated risk. Make sure that you do your homework and ensure that your business plan is feasible before getting started. This may prevent you from having some unpleasant surprise in the future. Motivation It is important that an entrepreneur remain motivated at all time. This is indeed more important when you are pioneering a business or activity as you will have no one else with you. You should not let yourself down and make sure that you keep going forward. ]