Entrepreneurs must be able to make decisions quickly to capitalize on opportunities. What is this trait called?

The trait that describes the ability of entrepreneurs to make quick decisions in order to seize opportunities is termed 'decisive.' This characteristic is crucial in the fast-paced world of entrepreneurship, where timing can significantly influence the success of a venture. An entrepreneur who is decisive can analyze situations swiftly, weigh options, and implement decisions without hesitation. This ability to act promptly is often what separates successful entrepreneurs from others who may hesitate or overthink their choices, thereby missing out on valuable opportunities.

While the other traits mentioned can be relevant to entrepreneurship, they do not specifically address the need for speed in decision-making. For example, the need for achievement highlights a drive to succeed and reach goals; creativity relates to the generation of innovative ideas; and being ruthless refers to a willingness to make tough or harsh decisions. However, it is the trait of decisiveness that directly correlates with the ability to take timely actions and capitalize on market opportunities.