... (if any). An internal factor is a personal aspect of a person's personality. A person must contain a few aspects of internal strength; otherwise they will unable to be a successful entrepreneur. The first part of this is the person must have imagination. This is the ability to look beyond a problem and solve it. Schumpter recognised this as important and stated "innovation and creative destruction of equilibrium". If an entrepreneur has imagination, they have the ability see beyond the normal realms of Business and gain an automatic advantage. A fine example of this is 'dyson', created by a man called 'dyson' who had the imagination to change a basic good i.e. vacuum cleaner and changed it. For years people had been using the same techniques and machinery to build relatively same machines. Dyson had the imagination and innovation to change the vacuum machine to better design. This is a prime ...

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