As stated earlier, values, norms and beliefs guide the society towards acceptable behaviour which leads to formation of good habits which may promote entrepreneurial development. The habits include:
A person who is independent finds it difficult to work for others. Such a person also has the ability to create and innovate, therefore promoting entrepreneurial development.
Entrepreneurs value and effectively manage time and are able to achieve set goals.
An entrepreneur is a hands-on person and believes in participatory approach.
An entrepreneur continually takes moderate or calculated risks. This enhances growth of the enterprise.
Willingness to fail or make mistakes
An entrepreneur does not fear failure but learns from it.