What Makes Someone a Successful Entrepreneur - 1623 Words

Mind Your Own Business What makes someone a successful entrepreneur? It certainly helps to have strong technology skills or expertise in a key area, but these are not defining characteristics of entrepreneurship. Instead, the key qualities are traits such as creativity, the ability to keep going in the face of hardship, and the social skills needed to build great teams. If you want to start a business, it s essential to learn the specific skills that underpin these qualities. It s also important to develop entrepreneurial skills if you re in a job role where you re expected to develop a business, or take things forward more generally. It s very easy to get lost trying to rate ourselves against our†¦show more content†¦Optimism: Are you an optimistic thinker? Optimism is truly an asset, and it will help get you through the tough times that many entrepreneurs experience as they find a business model that works for them. Vision: Can you easily see where things can be improved? Can you quickly grasp t he big picture, and explain this to others? And can you create a compelling vision of the future, and then inspire other people to engage with that vision? Initiative: Do you have initiative, and instinctively start problem-solving or business improvement projects? Desire for Control: Do you enjoy being in charge and making decisions? Are you motivated to lead others? Drive and Persistence: Are you self-motivated and energetic? And are you prepared to work hard, for a very long time, to realize your goals? Risk Tolerance: Are you able to take risks, and make decisions when facts are uncertain? Resilience: Are you resilient, so that you can pick yourself up when things don t go as planned? And do you learn and grow from your mistakes and failures? Interpersonal Skills As a successful entrepreneur, you ll have to work closely with people - this is where it is critical to be able to build great relationships with your team, customers, suppliers, shareholders, investors, and more. Some people are more gifted in this area than others, but, fortunately, you can learn and improve these skills. The types of interpersonal skills you ll needShow MoreRelatedCharacteristics of Successful Entrepreneurs1015 Words   |  5 PagesCharacteristics of successful entrepreneurs An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs. Passion Most successful entrepreneurs are have a passionRead MoreBeing an Entrepeneur1043 Words   |  4 Pagesgreat entrepreneur who wanted to make his business successful. An entrepreneur needs a variety of skills but does not need to have a formal education. Being an entrepreneur is challenging even if an individual is well educated on the field or has no education at all. There is always the risk conducting business because of the competition with other companies. However, what does an entrepreneur do? Do you have what it takes to be on top the business world and compete ? An entrepreneur must haveRead MorePolitical And Present Day Entrepreneurs928 Words   |  4 PagesIn this paper we examine economical, political and present day entrepreneurs. Outline a politico-economic growth system centered on the entrepreneurs. This examination is presented to discuss the challenges a modern day entrepreneur’s face in the ultra-competitive technology market place. We also point to a modern day entrepreneur who succeeded in a very stereotypical industry. Gender stereotypes are also of immense concern, and presented for reader awareness. The pitfalls associated with a techRead MoreEntrepreneur Characteristics1725 Words   |  7 Pagesto Be a Successful Entrepreneur? ABSTRACT First, there was an interview with a successful entrepreneur. Second, there was a talk on entrepreneurship by a guest speaker, Mr. Azmi Ahmad (the CEO of Skali.com) and later, an elevator speech by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals, books and articles have brought to the idea on writing this paper, towards certain perspective, on successful entrepreneurialRead MoreCharacteristics of a Successful Entrepreneur Essay1598 Words   |  7 PagesCharacteristics of a Successful Entrepreneur ABSTRACT First, there was an interview with a successful entrepreneur. Second, there was a talk on entrepreneurship by a guest speaker, Mr. Azmi Ahmad (the CEO of Skali.com) and later, an elevator speech by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals, books and articles have brought to the idea on writing this paper, towards certain perspective, on successful entrepreneurialRead MoreEntrepreneurship Is Not Only A Word Entrepreneur1349 Words   |  6 Pagesthirteenth-century, entreprendre, a French verb originated to mean â€Å"to do something† or â€Å"to undertake.† By the sixteenth century the word, entrepreneur formed. The word entrepreneur refers to someone who undertakes a business venture. An entrepreneur is someone that takes risks in developing, managing and organizing a business or enterprise. Every entrepreneur weighs the risks involved against the potential profit to be gaine d. When they think the gain outweighs the risk they take every opportunityRead MoreThe Is Worth A Tinkers Damn Is The History We Make Today1480 Words   |  6 Pagesis the history we make today.† Henry Ford made this statement somewhere along the line of his entrepreneurial adventures. Its great men like him that have truly shown us the success of the entrepreneur and sparked my interest. When writing this paper I had two specific goals. First to define what an entrepreneur is by defining what an entrepreneur is; in addition, outlining the types and common characteristics. Second is to allow you the reader to grasp an understanding of what attracts such a crowdRead More7 Things Confident Entrepreneurs Never Do1190 Words   |  5 Pagesself-proclaimed entrepreneur and marketer and VP of Marketing at When I Work, wrote an article for Entrepreneur.com titled â€Å"7 Things Confident Entrepreneurs Never Do.† While this article is not an exhaustive list of mistakes entrep reneurs can make, it gets the main point across—entrepreneurs need to be confident because self-confidence is key in the decision-making process (Schermerhorn). Patel says they need to be tenacious and determined and have faith in order to be successful, but he points outRead MoreA Brief Note On Guy Kawasaki : The Top 10 Mistakes Of Entrepreneurs945 Words   |  4 PagesAlfred Mercier once said, â€Å"What we learn with pleasure we never forget.† This quote reveals the importance of how learning something we like with pleasure would often teach us something rather than just feeding anything in our mind. Similarly, the video of â€Å"Guy Kawasaki: The Top 10 Mistakes of Entrepreneurs† was a great learning experience for me. Usually, watching a video about business can be boring since there are not fun and exciting videos that can be watched. Instead, after watching this videoRead MoreWhat Makes A Great Leader?1299 Words   |  6 Pagesthe early 1900s. Everyone is entitled to his or her own opinion. Within the choices we make on an everyday basis, it is imperative to use what we know and have gained through social experiences to complete the possibilities of our â€Å"castle in the air†. For this will make and shape our own destiny, to the top of our zenith. Desire, time management, and caution are what make a great leader. An entrepreneur is someone who is innovative, well determined, and hardworking. Even if one may not have all they