THE ENTREPRENEUR
Who is truly an entrepreneur?
I believe that you have heard the word “ENTREPRENEUR” so many times and that is if you are not calling yourself an entrepreneur already… but have you for once asked yourself who an entrepreneur truly is? I discover that so many people make use of words that they don’t really understand and I don’t want you to be among those set of people especially when it’s the word “ENTREPRENEUR”. So this blog is basically for that entrepreneur who wishes to a high flier in his time.
So let’s get started…
An Entrepreneur is one who assumes the responsibility and the risk for a business operation with the expectation of making a profit. The entrepreneur generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials. If the business succeeds, the entrepreneur reaps the reward of profits; if it fails, he or she takes the loss. (According to Microsoft ® Encarta ® 2009. © 1993-2008 Microsoft Corporation. All rights reserved.)
We can also say an entrepreneur is a risk-taking businessperson: somebody who initiates or finances new commercial enterprises.
I still have a lot of definitions for you but I don’t want to just pour all down once so you won’t get confused.
I’ll want you to just know this two for now till my next post on this blog.
WAIT… before you go I want to quickly answer 14 questions asked by Small Business Startups
14 Questions Asked By Small Business startups
Q1. What kind of person makes up a successful entrepreneur?
I want to believe you’ve asked yourself this question before. Well Research of successful entrepreneurs has documented that successful small business people have certain common characteristics. This checklist cannot predict success, but it can give you an idea of whether you will have a headstart or a handicap with which to work. So, how do you measure up?
Ask yourself these questions:
I. Can I persevere through tough times?
II. Do I have a strong desire to be my own boss?
III. Do I have the ability to conceptualize the whole of a business?
IV. Do I possess the high level of energy, sustainable over long hours, to make a business successful?
V. Do I have significant specialized business experience?
VI. Do the judgments I make in life regularly turns out well?
Don’t feel bad if your answer to some of the questions are “no” because you can make up your mind today to turn those “NOs” to a “YES” by developing yourself in those directions.
Q2. How do I determine whether I am capable of starting a business?
Successful small business owners have many things in common. Below are some of the qualities you will need to be successful.
I. Proactive: Business leaders do not wait for opportunities to slip into their hands. They instinctively partake in continuous research (or pay someone else to) to always make sure they have some new directions to be exploring. Successful business owners are never happy or even comfortable staying in one place, but are always looking for the next new idea.
II. Optimism: An average person may say, “There are pro’s and con’s here… let’s weigh things up before we act”. However, the successful business owner says, “The pros are significant enough to pursue this; we will resolve the con’s as we move on.” Being optimistic is a crucial habit for entrepreneurs, because it is the only way to deal with the amount of risk involve in starting a business.
III. Leadership ability: You will be the one everyone turns to for answers. Are you ready to give them solutions? Leadership is all about influence.
To be continued…
Keep winning even in tough times.
Watch out for my next post.
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This is a great job you're doing here, please keep it up by posting more entrepreneurship articles...
ReplyDeleteI'll keep posting...
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