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No Definitive Profile of Successful Entrepreneurs

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There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.

Free-lance writer and expert in economic issues Jeanne Holden suggest:

“There is no one definitive profile of an entrepreneur. Successful entrepreneurs come in various ages, income levels, gender, and race. They differ in education and experience. But research indicates that most successful entrepreneurs share certain personal attributes, including: creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and smarts." (Principles of Entrepreneurship)

These are the attributes char...

In this essay, the author

  • Explains that there has been a lot of attention paid to the subject of entrepreneurship in the last few years, mainly because most people have chosen to go from working for somebody else, to be their own boss and work for their dreams.
  • Opines that there is no one definitive profile of an entrepreneur. successful entrepreneurs come in various ages, income levels, gender, and race. they differ in education and experience.
  • Analyzes the attributes that characterize entrepreneurs and sets them apart; they use them and develop them through the course of developing a new business idea to the consolidation of it.
  • Explains that entrepreneurs need determination to never give up, even when things seem harder than what they expected. this must work in conjunction with flexibility, since they must adapt to the changing world and trends in the business environment.
  • Explains that entrepreneurs use leadership and passion to continue their way to success. leadership is the capacity of directing and influencing others. passion gives entrepreneurs confidence in new ideas and keeps them focus on achieving them.
  • Explains that self-confidence and smarts help entrepreneurs face risks and decisions in the most optimal way.
  • Concludes entrepreneurs are brave men and women who create an innovative business idea and take care of its development. they are the owners of their own destiny and work towards success.
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    • Explains that most entrepreneurs have a flair for the creative and energy, but having these characteristics alone could not help much to become successful. they have to gather the right skills, use them, and continue to improve these talents.
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    • Explains that innovation implementation is the use of a new application of information to gain greater values, ideas, and efficient expectations.
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  • Successful Entrepreneur Case Study
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    • Opines that the elders in the family should prepare the next generation for taking over the business.
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