Many successful entrepreneurs are people with little money or even poor education. Most of them are also people with immigrant background. To be Entrepreneur takes a lot of energy is the one must be in reasonable mental and physical condition. Characteristics of successful entrepreneurs, adaptability, competitiveness, self-confidence, drive, honesty, organization, discipline, perseverance, risk taking, understanding and vision. Entrepreneurs are optimistic, because optimism helps you to see problems as opportunities. Entrepreneurs must convince others of their ideas, their products or services.
A successful entrepreneur, Henry Ford, who was firmly in the 1900s decided to produce a car which is something many people can. He was looking for a way to reduce costs. He turned to the assembly line principle. So he lowered the cost of a car manufactured which is something most people could not and still made profit. In 1903, Ford founded Hemry with eleven other investors and $ 28,000 capital contribution to Ford mtor Company.
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