“…A lot of research has been conducted in this area and a large number of characteristics have been identified. In detail, these are: need for achievement (McClelland, 1961;Hsieh and Yen, 2005), individualistic behaviour and a willingness to take risks (Stearns and Hills, 1996), adaptability (Yang, 2008), boldness, leadership (Stearns and Hills, 1996), a capacity to learn (Guzman and Santos, 2001), organization and teamwork (Stearns and Hills, 1996). A more recent study on the characteristics of the entrepreneur by Bonet et al (2011) argues that what stands out most as the entrepreneur's most characteristic attributes are self-confidence and initiative followed by dynamism and leadership, perseverance, creativity and energy, receptivity and an ability to get on with other people.…”