I am gratified to reflect on my Entrepreneurial Potential Self-Assessment. I have always enjoyed learning the concepts of running and managing a business. Personally, what I enjoy generally is implying these concepts in real life situations. Seeing the ‘real life’ effects are stimulating to me. I always saw myself running a stable/well- establish business; however, I never saw myself running my own business. For my part, I find that I do not have all the characteristics an entrepreneur should have. Therefore, the results are not surprising, but assuring of what my strengths and weaknesses are. When considering entreprenurship, I reckon it’s vital to consider the contrast between the skills and genuinely being an entrepreneur. Being an entrepreneur is much more …show more content…
Some people accredit their success to fate, while others accredit it to their own achievements. I personally believe, good happens to people who work persistently for what they hunger. Being a successful entrepreneur is about sacrifice and hard-work. I assume I hold the qualities of a hard-worker. Scoring a twelve for action orientated was a shock. I find myself to be amply action orientated. I know whatever I require done, will not be completed unless I do it. I demand action in everyday challenges I am faced with. One structural characteristic of being an entrepreneur is being action-oriented. Willingness to utilize action and persistence are common traits of entrepreneurs. Conclusion In conclusion, my assessment re-assure the characteristics I knew I already had. However, it was an opportunity to foretell what I need to brush up on. Even though I do not wish to be an entrepreneur, entrepreneur’s carry a tremendous amount of characteristics that bring success. Mastering these skills will definitely be a benefit in an exceedingly amount of challenges/opportunities I will face in my career
The characteristics discussed in the article is important to possess in order to be entrepreneurial.
For those of us who dream of starting and running a business, we know that we have to have a level of confidence in our own abilities. We dont want to believe that there are things we cant do. We want to believe that if we try hard enough, work long enough, and get a little lucky, that the sky is the limit. The problem is that we let our confidence cloud our judgements of what we truly know about ourselves” (Cuban).
Successful workers have many crucial characteristics that contribute to their success. I believe that an essential one is ambition because it drives you to take initiative. More importantly, it motivates you to improve. This relates to the idea that you are in charge of your own destiny, which is illustrated by Kate Lorenz in 10 Attitudes of Successful Workers (1).
I have throughout my career as a high school student made sure to develop certain key qualities that will make me not only a great future leader but always a skilled entrepreneur. I see myself as someone who is determined, hard-working and above all else
The assessment helped me to deeply think about my career and the things that I would want in the organization that I hope to work for. I believe it to be an accurate assessment and helps an individual put what is important to them into perspective. It is often helpful in career counseling to have an indication of where the client is in terms of career decision or indecision (Whiston. 2017). This tool
Having admirable character, making conscientious decisions, and possessing positive determination are key ingredients for remarkable success.
Conclusion: In conclusion, as Steve said "I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance" that the secret of success. The person who wishes to success, he should recognize his weakness and formulates a plan to overcome them and he must have a clear goal for life. What's need is an idea put into action followed with proper planning and persistency.
Driven by an intense commitment and determined perseverance, entrepreneurs work very hard at what they do. They excel and want to win. Entrepreneurs are amazing people with a high respect of character. They use their mistakes as something to learn from rather than a failure. No matter the outcome, they believe in themselves and have an extreme confidence not only in themselves, but also in what they do.
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how
Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.
The entrepreneur is defined differently across many platforms they all share some commonality (Davison, 2008). This commonality consists of certain traits such as risk taking, innovative thinking, and an opportunity-seeking mindset to create, improve or expand a business (Davison, 2008). The entrepreneur functions as a promoter to the generation of wealth (Davison, 2008). The entrepreneur is important for the movement of the market and constant challenge to the status quo, indirectly improving all related business involved.
In business, I learned that it isn’t as easy as I thought it would be to manage your own company. Businesses are very hard to make because a lot of money is included to start the business and management is a must. Owning your businesses means you would have to take care of many things including: employment, paying bills, making decisions and becoming a leader. Managing a business effectively and managing staff effectively is the key to the establishment and growth of the business. The key to successful management is to examine the marketplace environment and create employment and profit opportunities that deliver the potential growth and financial capability of the business. An entrepreneur is a person who organizes and manages any enterprise, usually with considerable initiative and risk. The things I learned can definitely be used in my everyday life because it’s a way of surviving. Learning about business helped me get a better understanding of how I would run my own company someday.
Entrepreneur's should have a strong drive to successes and overcome obstacles. Confidence and strong will are must. An entrepreneur should be sharp and always think of ways to run their business flexibly .Another important quality of a successful entrepreneur is being adaptable to
Studies have found that there is a deep link between Entrepreneurship and Need of Achievement. According to Begley and Boyd (1987), those who have founded their own companies had a higher need for achievement than non-founders or owner managers. Also, (Stewart et al., 1998) responded that need for achievement is higher in entrepreneurs than the corporate manager and owner managers. Need for Achievement is usually high in entrepreneurs than the general population. It provides them with motivation to go ahead and achieve their next target easily. Entrepreneurs showing this tendency usually are good planners, sets their goals, always look for information and learning (Miner, 2000). They accept success and failure of their work and this need of achievement help them to overcome failure, obstacles and setbacks.