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What are the key traits of an entrepreneurial community?

Last Updated: December 14, 2011

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The key traits or characteristics of an entrepreneurial community are in some ways comparable to the key traits of entrepreneurs. In short, entrepreneurial communities are: • Creative: they see opportunities and take initiative. • Motivated: they need to achieve and be successful. • Focused: they work hard and are industrious. • Self-confident: they believe in their mission and act responsibly to achieve that mission. • Adaptable: they recognize change as an essential element of growth. • Persevering: they continue their strategies under criticism from observers and tolerate stress. Most important, entrepreneurial communities possess both the capacity and willingness to work together to address community goals. They are convinced that local leadership can be mobilized to tackle important community efforts and that positive economic changes can be made in the community.

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