Five common personality traits of entrepreneurs

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MADISON, Wis. (WMTV) -- Dr. Phil Greenwood of the Wisconsin School of Business joins NBC15's Leigh Mills to talk about the personality traits of people who start their own businesses.

Greenwood is a senior lecturer for the Weinert Center of Entrepreneurship. A recent paper looked at a number of studies, and zeroed in on five traits that seem to be common among entrepreneurs.

The five traits are:

1. A higher need for achievement
2. An internal locus of control
3. Stronger self efficacy
4. A high degree of innovativeness
5. A higher tolerance for uncertainty

Watch the full interview from NBC15 News at 4 for more details on each trait.