1. I don’t think a successful entrepreneur depends on luck. There might have been a little percentage of luck, but based on my opinion, I think that a successful entrepreneur depends on their personal qualities and skills rather than luck. An entrepreneur can’t just depend on luck to stay successful, they have to have the characteristics of a successful entrepreneur and the skills to be able to improve or at least keep the business stable. The characteristics of a successful entrepreneur would include the entrepreneur having innovation, commitment and self-motivation. They must be able to have innovative ways to present and improve the business. They also need to have willingness to work hard, have ambitions, have energy and they need to always stay focus on their work. Furthermore, they need to be multi-skilled and have good leadership skills. An entrepreneur would have to make/ provide the product/ service, promote it, sell it and count the money, therefore an entrepreneur need to be multi-skilled. They also would need to lead their employees and set a good image and have a personality that encourages people in the business to follow and be motivated by them. Moreover, they need to have self-confidence and an ability to ‘bounce back’ and also need to take risks. Businesses often fail at first but an entrepreneur needs to have self-confidence that the business would soon be successful. Also, they need to take risks in order to see results. Entrepreneurs also need to be able to identify successful business opportunities. When they are able to do this, then they need to be able to decide the best source of finance and the best location for the business. Furthermore, when they are done, they need to be able to overcome business competitions. If they only depend on luck rather than their personal qualities and skills, I doubt that they would be able to keep the business