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There is no such person as an entrepreneur

There is no such person as an entrepreneur

Over the years a large number of personality traits have been explored and reported upon. Early work by McClelland in the 1960s postulated that the key to entrepreneurial behavior was the need for achievement as a source of motivation1. According to McClelland people with a high need for achievement wanted to take responsibility for their decisions, set goals and accomplish them through their own effort. They also desire some form of regular feedback. High achievers wanted challenging tasks with concrete goals and succeed by their own efforts rather than by chance. Based on the logic of the need for high achievement, people with this need would become entrepreneurs. However the need for achievement is not an exclusive trait for entrepreneurs and it fails to predict entrepreneurial tendencies.