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Statistics in both rich and poor countries show that small enterprises are leading in the generation of jobs and wealth. In fact, the small business sector saved some countries economy from other countries. America’s foremost management specialist stated that the entrepreneurial economy had been the most important development in American economy. It created 335 millions jobs at a time when traditional big business and the government had lost 5 millions jobs in 1970’s and early 1980’s.
In our country most of our economic activities fall under the micro and small business categories. There are many retailers, vendors and other small sole proprietors. As long as they perform some risk taking ventures, innovations, and creative undertaking they are considered entrepreneurs.
Because of the proven importance of entrepreneurship, subjects in entrepreneurship have been included in the curriculum of high schools, colleges, and universities in many countries.

A businessman to be successful with the business you are operating, you must possess the right personality that is needed to be a successful entrepreneur. Personality of the businessman is the expectation that an individual will respond to a situation not much different from what the businessman to be done for a long period. Businessman’s personality refers to that type of personality necessary for a successful career and business. Some the characteristics a successful businessman are like they’re thinking ability to their business, the owner’s human relationship ability, the means of communication ability, businessman must know technical knowledge, self confidence, with goal settings, accountability and the innovativeness of the businessman.
The entrepreneur and the manager differ in many ways. Most important is the belief of the businessman in his ability to run the business. A very important factor in the development of the personality of an individual is environment. One who did not experience the required influence must be provided with one, if that individual wants to be successfully engaged in a particular undertaking.

The one of the solution I think for business minded persons problems are oftentimes arrived at with the use of the intellect. Innovations in whatever form will require some superior thinking ability for your business. There are problem that can be encounter in business that is often apparent. So, we need more skills in like abstract thinking and the use of creative means to handle difficulties and problems that are very important traits of the business. The success of the business, big or small is to derive is to derive some profit by satisfying some needs of the customers. So for you to be successful, the businessman cannot avoid dealing with people either as customers or employees, the businessman must have sufficient human relation skill to effectively motivate customers to buy and employees to work with you.

Man is social being and as such his personality is viewed from the society and culture where he belongs. A society represents a geographical aggregate and had boundaries, similar government or a group of persons in meaningful interaction and engaged in social relationships. The key concept in the study of society is that of folkways. Folkways describe the way in which folks-modern or primitive people- act and can react as they go about their everyday business of living. When fears from the welfare of society have cast its spell over folkways, they become mores. Mores are fixed customs that have the force law.

Personality is the individualizing traits of man which includes knowledge, belief, arts, laws, morals, customs, and any other capabilities and habits acquired by man as member of society