Economics
There are a number of things that it takes for one to be a successful entrepreneur. Most entrepreneurs have many characteristics in common. Not every individual can stand out as an entrepreneur or a business owner. If one does have the characteristics that make one an entrepreneur, there are a number of possibilities that the business may fail. Most entrepreneurs are eager to learn and acquire more knowledge. Entrepreneurs are never satisfied with the knowledge they have, but they have a thirst for learning each day. When one sees an entrepreneur in the media houses or on television, one might think that the journey was for a single night. However, they know how it took a lot of effort and patience for them to be wherever they were at that particular time. Commitment and patience are values that every individual looking forward to being an entrepreneur must have. Patience will enable them to overcome the challenges that come their way and prevent them from getting deluded if their idea fails to pick up. Persistence and passion are other virtues that one must have to be an entrepreneur.
The prior entrepreneur has a big role as well as a positive impact on entrepreneurial outcomes. For instance, an entrepreneur with a number of experiences in the business sector is believed to have better skills, wider networks, and connections that open the market for them and give them a strategic place to start their business. Remember geographical location for the start of any business is as well important hence a skilled entrepreneur will be in a position to identify a best place. Prior entrepreneurial plays a critical role in developing skills that they use in venturing into a new business.
There are different characteristics among the entrepreneur. Each of them has their own unique way of becoming successful with different ambitions. For any individual to start a business, it requires some amazing ideas and lots of ambition. There are a lot of difficulties in the entrepreneur journey, but the resilience characteristic will enable them to move forward. If one is not resilient, one may end up giving up and quitting one’s dreams and passion to own a business. For the startup entrepreneurs, they are nimble compared to their experienced counterparts. Agile entrepreneurs are in a position to handle their problems easily and adaptably. The agility character in most entrepreneurs helps them remain proactive as well as vigilant and prevent the smaller problems from becoming major ones since when a smaller problem is not dealt with at its smaller stages, it grows and becomes a major problem. Therefore, every person has different personalities and experiences which enable them to achieve success and fulfil their desires.
The better entrepreneurs are the ones who are resilient and view their challenges as opportunities. Each challenge to them is a key to their growth and a way of improving their weakness and mistakes. More so positively accepting the challenges and giving them an opportunity to their success will enable them prevent the reoccurrence of the challenges and problems again in their place of work. Hence, it will prevent similar setbacks in the future. These kinds of entrepreneurs understand that perfection is the enemy of progress. Therefore, they would spend more effort creating a bigger picture and making it a success rather than wasting time on hammering out the last few details. More so, it is important to understand that big things are made out of small things. Hence, successful entrepreneurs cannot take the smaller things or outcomes we see for granted. More so, smaller pieces are easier to manage; hence, it is important to break a number of departments into smaller ones.
Works Cited
“Do You Have What It Takes To Be An Entrepreneur? (Panel)”. Youtube, 2018, https://www.youtube.com/watch?v=z68eB6bnjNk. Accessed 7 Apr 2018.
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