Qualities Of A Successful

QUALITIES OF A SUCCESSFUL ENTREPRENEUR Let’s start with the definition of Entrepreneur :An Entrepreneur is “A person who organizes and manages a business undertaking, assuming the risk for the sake of the profit.” However, there is much more to entrepreneurship than this simple definition. Author and successful entrepreneur Michael Gerber once wrote, “The entrepreneur is our visionary, the creator in each of us. We're born with that quality and it defines our lives as we respond to what we see, hear, feel, and experience. It is developed, nurtured, and given space to flourish or is squelched, thwarted, without air or stimulation, and dies.”

Consider Example of Succeful Entrepreneur – Steve Wozniak - Apple Computers Steve got interested in science and technology around 4th grade after reading a book about a young guy who was an engineer who could design anything , he owned his own company, build submarines and have projects all over the world. Steve would later create the first personal computer in 1977. Jobs had a passionate belief in bringing computer technology to everyone. So in 1977, Jobs and Wozniak started a company to build and distribute their invention. In true American-dream fashion, their company began in a garage. To finance their venture, Jobs sold his Volkswagen van and Wozniak sold his programmable calculator to raise $1,300. Weeks later, Jobs secured the company's first sale: 50 Apple I computers at $666 each. In a mere six years, Apple was listed in the Fortune 500, becoming the youngest firm on this prestigious list.

Bill Gates – Microsoft Bill Gates discovered his interest in software and began programming computers at age 13. He is the chief software architect of Microsoft Corporation, the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Microsoft has revenues of Billions of Dollar and employs more than 55,000 people in 85 countries and regions. He donates rigorously to charities all around the world. 1

QUALITIES OF AN ENTREPRENEUR:1. Brain – to plan A wise entrepreneur is an advanced thinker. He knows how to predict the future. With his prediction, he creates a plan. He organized his objectives and set his procedures to achieve those objectives.

2. Hands – to do the plan An active entrepreneur executes his plan. He performs his procedures to attain and realize his objectives. He handles well his people and put them in the right places.

3. Mouth – to communicate and convince A good entrepreneur has wisdom to communicate. He says what is just and honest. He knows how to convince people. He does it by keeping his promises.

4. Eyes – to see to it A prudent entrepreneur sees things twice. He is discreet and avoids biased and harsh decisions that will hurt other people. He also monitors and checks his business activity to ensure that they are running the way he wants it to be.

5. Ears – to spy An extensive entrepreneur observes and studies his competitors. But he doesn’t analyze them to hurt and defy them. He analyzes them to come up with greater products and services that will serve his customers better. He also studies his competitors to promote more quality and customers’ satisfaction inside the market competition. He encourages his competitors to produce greater quality products and services to eventually make the consumers the winners in the market competition. 2

6. Nose – to smell danger A vigilant entrepreneur oversees his business surroundings. He searches and detects possible risks and dangers. And when he detects one, he comes-up with a preventive solution if the danger has not yet occurred, and a corrective solution if the danger has already occurred.

7. Skin – to protect A caring entrepreneur protects his business, his employees and his consumers. He defends his business, his name and his integrity. He also preserves the wellness of his employees. And finally he totally cares for the satisfaction of his costumers.

8. Heart – to love and create good relationship A loving entrepreneur practices patience, shows humility, rejoices in the truth, avoids evil acts, maintains hope and uplifts faith. He also keeps real good relationships with his employees, co-owners, investors, creditors, debtors and customers.

9. Feet – to stand A strong entrepreneur stands firmly in the midst of trouble. And when he falls down, he always manages to get back on his feet. Simply, he is not a quitter.

10. Spirit – to live A faithful entrepreneur believes in what he does. He lives in what he believes. He exists more than he lives… he exists beyond his flesh.

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Some Other Traits of Entrepreneurs :• Leadership: An entrepreneur is a natural leader with the vision and the drive to do things right and steer his company toward success with ease.

• Confidence: He has to be self-confident, confident in his plans as he has carefully researched them and has mastered the skills necessary to implement them carefully.

• Energetic: They have amazing capacity for hard work and are energetic, motivating those that come in contact with them on account of their drive and determination.

• Creative And Innovative: This will be an essential criterion to design and sell products that are interesting which offer several benefits and have a competitive edge, making sure they capture the target market on launch without much difficulty.

• Organized: Entrepreneurs have to be highly organized and systematic, making it possible to achieve things in a much shorter time. The ability to deliver anything that has been promised on time and the ability to stick to schedules are necessary for a person to be a successful entrepreneur.

• Highly Competitive: They are very competitive and will strive offer better services and products than the competition.

• Will Not Hesitate To Take Risks: Risks are part of any business, and a successful entrepreneur will have the knack of taking calculated risks that will only benefit the business.

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• Will Not Hesitate To Seek Help When Necessary: They will hire necessary staff to help them in areas where they are not very confident.

So in a Nut shell , What makes a Successful Entrepreneur? Some say creativity, others say passion, organization, or leadership skills. In fact, there have been many qualities identified with successful entrepreneurs. Here are some of the most significant.

 Energy  Passion  Novelty  Initiative  Creativity  Imagination  Be a self starter  Time Management  Be ready for anything  Think positively  Believe in yourself  Ability to make decisions  Don't be afraid or embarrassed to ask for help  Effectiveness at persuasion  Problem solving skills  Ability to be flexible, adaptable, and creative  Think "out of the box"  The ability to produce results 5

 Ability to take risks and do so in a calculated way

 Enjoyment of the ride  Negotiation and compromise  Exacting and exhaustive mentality  Sense of Urgency  Resilience after Failure  Alertness  Leadership  Stress management  Persistence  Confidence  The ability to reflect and improve  The ability to think strategically

How many entrepreneurial qualities do you possess? In Life , you should give your Entrepreneur skills a try , just one try , you never know what you are capable of , everyone has a Entrepreneur hidden in himself , you just need to dig that one out and reach the Heights of Success & Fame .

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