Economics
There are a number of things that takes for one to be a successful entrepreneur. There a many characteristics that most entrepreneurs have in common. Not every individual can stand out as an entrepreneur or a business owner. If one do have the characteristic that makes one an entrepreneur there are a number of possibilities that the business may fail. Most entrepreneurs are eager to learn and acquire more knowledge. Any entrepreneur is never satisfied with the knowledge they have but they have a thirst of learning each day. When one sees an entrepreneur in the media houses or television one might think that the journey was for a single night. However they know how it took a lot of efforts and patients for them to be wherever they are at that particular time. Commitment as well as patience is values that every individual who is looking forward to be 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.
Prior entrepreneur has a big role as well as the positive impact on the entrepreneurial outcomes. For instance an entrepreneur with a number of experiences in the business sector are believed to have a better skills as well as having wider networks and connections that opens the market for them and have 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 the new business.
There are different characteristic 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 ambitions. There are a lot of difficulties in the entrepreneur journey but with the resilience characteristic will enable them to move forward. If one is not resilience they may end giving up and quit their dreams and passion to own a business. For the startups entrepreneurs they are nimble compared to their experienced counterparts. Agile entrepreneurs are in a position to handle their problem easily and adaptably. The agility character in the most entrepreneurs help them remain proactive as well as vigilant and preventing the smaller problems in becoming major one, 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 achieve their success and fulfilling their desires.
The better entrepreneurs are the one that are resilience and view their challenges as an opportunity. Each challenge to them is a key to their growth and a way of improving their weakness and mistakes. More so through positively accepting the challenges and making them an opportunity to their success will enable them prevent the reoccurrence of the challenges and problems again in their place of work. Hence prevents the similar setbacks in future. These kinds of entrepreneur understand that perfection is an enemy to progress. Therefore they would spend more efforts creating a bigger picture and make it a success rather than wasting time on hammering the last few details. More so it is important to understand that big things are made out of small thing. Hence the 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 department into smaller.
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.
