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Personal characteristics of an entrepreneur
Inherent entrepreneurial characteristics of an entrepreneur
Garrett morgan biography
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“Success is not final, failure is not fatal: it is the courage that counts.” (Winston Churchill, famous writer and was part of the prime minister of the United Kingdom). Garrett Morgan, was viewed as a hero by many people in America, he was not perfect, he made a lot of mistakes. Even though Garrett Morgan made mistakes, he kept going with a positive attitude, until he successfully finished his projects. But what type of character or characteristics did he have to make him this great entrepreneur? Three characteristics that Garrett Morgan
Businessmen of the Gilded Age like Carnegie, Rockefeller, Morgan, and Vanderbilt were captains of industry. Industrialists economically improved the United States by contributing the most money, which was made from the successes of their companies. In addition, they were financially beneficial to communities and set an example of philanthropy and lifestyle for others to follow. Moreover, they resorted to unscrupulous tactics not only for their financial gain, but for America’s financial gain as well.
Poole, Keith. “Entrepreneurs and American Economic Growth: Cornelius Vanderbilt.” VoteView.com. Accessed December 7, 2011. Last modified 1997. http://voteview.com/.htm.
In a Post-Civil War era, the United States economy was in need of several reforms across many different industries. The most significant turnaround needed was within the government, railroad, and steel markets. John Pierpont Morgan, a man well-known in the finance world, was able to fund and reorganize these businesses to not only stay in business but succeed and benefit the U.S. economy for the better. Although Morgan was faced with the Panic of 1907 and questioning about his motives, Morgan took it upon himself to push America out of this time of fear and prove that he only had the United States’ best interest. Despite setbacks, John Pierpont Morgan would become one of the most beneficial people to the U.S. economy through his financial expertise and organizational empire.
Although most success stories are seen through qualities of diligence and perseverance, luck will always continue to play its part—and Andrew Carnegie had just that. The railroad industry was ripe for an economic upturn in Amer...
Yes, J.P. Morgan used questionable business practices. Yes, he did create industrial monopolies. But he paid back America through millions of dollars towards schools, museums, and hospitals. Not to mention he saved America’s economy from the panic of 1907. Today, America’s business are stronger both organizationally and structurally because of Morgan’s tactics. Without a doubt, J.P. Morgan deserves to be a Captain of Industry.
...and his passion for the car industry to merge two car companies together in order for them to benefit from each other at a precise time in the market when he was able to be successful. He understood the problems the company faced, the demand in the market, and he had a clear vision on how to solve it. He gave himself timelines and goals and each were met with great success.
Morgan le Fay is commonly known as Arthur’s nemesis in the stories of King Arthur and his knights of the around Table. When people think about her, she is stereotyped as an evil sorceress whose main goal is to destroy King Arthur and all of Camelot. In almost all of the legends, she is described as an evil witch who uses her magic only for her own gain. However, she can also be described as a very misunderstood character. Even though she is portrayed as an evil witch, she has an interesting and somewhat unfortunate backstory. Morgan le Fay was not always as nefarious as she is depicted. She plays a very important role in the story of King Arthur and many others. She provides the mystery and sense of danger that make help make a story more enticing.
out.” These words were written by George Meade himself during the uncompromising differences among the free and slave states. In the first few days of the Battle of Gettysburg, he won a decisive victory over the south and turned the tide of the war in the east. During the Civil War, Meade showed great character traits throughout his experience, but two of his most important traits that he continuously displayed were leadership and empathy.
Have you ever wondered what it takes to be successful? Some people are not born into success or wealth. Many successful entrepreneurs had a vision they turned into reality. Samuel Truett Cathy is one prime example of a man who lived out his convictions. An inventor of the beast-of-chicken sandwich, mall counter service in the days before food courts and Sunday closing as a policy, Truett Cathy celebrated his 80th birthday in 2001. Many might think of him as a true modern-day role model and hero. Some sees him as the Chick-fil-a man. From his book “It’s Easier to Succeed than to Fail”, Cathy represented a real-life case history showing that a determined and energetic entrepreneur can overcome anything. Cathy stated, “ The secret to success is not secret at all. It is very obvious, but we are too often blinded to the truth.” (Cathy, p. 191)
1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric, Westinghouse and BOC? What is the source of Lincoln’s outstanding and enduring success?
In the years following the Civil War, the American economy was suffering from extreme disorder. However, during the late 1800s and early 1900s, important leaders of American industry arose, essentially transforming the American financial system from chaos to efficiency. These powerful men shaped America into a world superpower and the country’s economy sparked jealous across the globe. Their contributions to business positively affected not only the United States’ economy, but society as well. Andrew Carnegie, John Davison Rockefeller, and John Pierpont Morgan reflect the mammoth industrial age of America. Although some may argue these industrialists were “robber barons,” these men were, in reality, “captains of industry” utilizing modern business practices and technology which provided both cheap products and job opportunities for the public, as well as becoming large-scale philanthropists and contributing much to American society.
The word success has different meanings to people. Some people see success as wealth or perhaps an entrepreneur who turned his or her vision into a successful reality. Creating and building a successful company from the ground up. According to Maxwell (2002), “Success is a journey. …success is knowing your purpose in life, growing to reach your maximum potential, and sowing seeds that benefit others.” Respectively, this paper will examine the journey of the late George W. Jenkins, founder of Publix Super Markets and my friend, Brandi Callum, an entrepreneur, and also a real estate broker.
In his article, “The Sure Thing”, Malcolm Gladwell argues that the conventional thought of entrepreneurs as ‘hot-headed risk takers’ is absolutely wrong. From Ted Turner to Sam Walton and John Paulson, Mr. Gladwell arrives at the conclusion that many successful entrepreneurs are not high-risk risk takers, but are instead merciless, careful thinking attackers. Many of them are not even taking risks- they simply see an opportunity presented to them that most others do not consider. They all consistently minimize chances for failure along the way, and always see what they do through until the end.
In the documentary “Call of the Entrepreneur,” three successful entrepreneurs, Brad Morgan, Frank Hanna, and Jimmy Lai, are presented to explain their views on entrepreneurship and in turn leadership. Brad Morgan is the owner of a million dollar dairy and compost company, Frank Hanna is a merchant banker in New York City, and Jimmy Lai is the founder of Giordano department stores and Next Media. A central theme of the documentary is how each of these businessmen displays the characteristics of persistence, patience, and perseverance to overcome frustrating obstacles and become successful. The film defines entrepreneurship and explains how the entrepreneur responds positively to consumer demands and is able to organize and direct others toward a goal only the entrepreneur can see. The film shows that though some entrepreneurs are driven by greed and some are not, the ones that are successful are answering the needs of consumers.
Successful entrepreneurs have a clear image of what they want their future to be like. They hold a clear picture of the direction the company should take and have a clear plan of how they will make their vision a reality (9 essential traits of successful entrepreneurs, 2013)