What Defines A Successful Entrepreneur?
Monday, November 13, 2006
Do you dream of sacking your boss? Do you feel an urge to
succeed in business with just a good idea and a lot of hard
work?
An unstable economy and increasing costs makes most of us too
nervous to consider such a drastic move. Being a successful
entrepreneur requires you have certain qualities and
characteristics and a certain mindset.
That 9 year old selling lemonade on the sidewalk on a hot
summers day is really a successful entrepreneur. He or she is
betting that a cold glass of lemonade will appeal to many
people walking pass. He must be sure he's got plenty of
lemonade, cups to serve his product, a table and a box for his
money to make change for his customers. Thats the
entrepreneurial spirit.
A successful entrepreneur must have a little of the risk taking
spirit. You must be willing to risk losing your capital, while
realizing the opportunity can also pay off in a big way. You've
got to be willing to take a chance on something, anything.
You've got to be a creative thinker, decent planner,
well-disciplined, organized, persuasive and lastly, well
funded. A good product would certainly help as well.
Let's look at each element of a successful entrepreneur.
Do you have that risk taking spirit? Remember, if things go
wrong, you stand to lose the capital you've invested. Can you
accept such an outcome?
Creative, innovative thinking demands inspection of your idea
from all angles. Sketch out a number of ways you might execute
your plan. There is always at least several different paths.
Look for flaws in each preliminary plan. A successful
entrepreneur irons out the details before launching the
project.
Which brings us to planning and organization - A successful
entrepreneur knows that these skills are a necessity. Try to
anticipate the monkey wrench you might run up against. Do your
homework, and do it thoroughly. You want to eliminate every
possibility for failure due to lack of planning. You must be
organized and disciplined enough, along with good alternative
options and routes in place when an obstacle presents.
If you can tackle your objective with these attitudes in place,
you are on your way to being a successful entrepreneur.
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posted by Dennis Cheesman @ 5:48 AM,
