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Introduction of characteristic of successful entrepreneur
Introduction of characteristic of successful entrepreneur
Personal characteristics of entrepreneurs
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In regards to successful entrepreneurs, Karsten Strauss wrote, “Entrepreneurs have a greater capacity for pain and discomfort than most. They can stay up later, work longer hours, stay more focused and, somehow, are able to set so much aside in deference to their dreams and visions. But there’s so much more that sets them apart.” Successful entrepreneurs are distinctly different but all have a parallel set of personal attributes. Each personal characteristic is a key to the overall success of an entrepreneur. The core traits an entrepreneur must display are passion, persistence, integrity, flexibility, curiosity, and ability to network. These core values must be inherently inside an entrepreneur if they plan to succeed. Education can enhance …show more content…
Passion is a strong love or desire. The characteristic of passion drives an entrepreneur’s excitement and willingness to invest them in an idea. Similar to a passionate parent beaming with pride when their child succeeds, successful entrepreneurs do the same with their business. A parent has a strong love for their child, and as a result devotes themselves to the success of the child. It is imperative for the entrepreneur to be “hopelessly devoted” to their idea. If truly passionate about their idea, an entrepreneur will willingly give of themselves and receive an internal reward far more valuable than any monetary items. Albert Schweitzer said, “Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”(“ Happiness Is the Key to Success") Successful entrepreneurs will pursuit their desires and the things that make them satisfied driving success. The quality of input will drastically differ if an entrepreneur has passion for the work. If a person is going after their personal desires, they will want to see it flourish. Successful entrepreneurs are happy about their passions which connects them to …show more content…
Curiosity is a key attribute of successful entrepreneurs because it leads to risk and ideas. Risk and ideas in turn lead to reward. Curiosity is an innate behavior in successful entrepreneurs. As opposed to becoming occupied with daily routines, they ask, “Why?” and “Why not?” These questions trigger new and improved answers, and they lead to new breakthroughs. Walt Disney, the successful entrepreneur, said, “We keep moving forward, opening new doors, and doing new things, because we 're curious and curiosity keeps leading us down new paths.” (Wharez, Eddie) Similar to Disney’s belief, if entrepreneurs are curious they can make changes that are unimaginable to a rigid-thinker. Entrepreneurs should have an unorthodox method to approaching daily activities in order to create and improve businesses. The trait of curiosity is significant to entrepreneurs because successful entrepreneurs are constantly thinking, creating opportunities, and striving to make a difference. If no one ever challenged the norm we would live in a stagnant
... their money to turn a profit. Being an entrepreneur and starting a business does not mean that the person knows what they are doing, and most of the time they are just defending their ideas until they ultimately fail. They spend most of their time in the business and not on the business, and in return if they do not realize this they will fail as well. By being an entrepreneur, it can be easy if you follow all the guidelines listed in this book, and there will be success in any business which has been started. For some entrepreneurs their minds are consumed by their ideas, without wanting to listen to others, failure will be in the imminent future. Therefore after reading this book it is evident that an entrepreneur must follow these concepts and processes in order to overcome this problem among entrepreneurs in society, and by doing so they will achieve success.
The characteristics discussed in the article is important to possess in order to be entrepreneurial.
I have learned that success must be earned. Motivation is keyed in the success. Most people who are very successful (Steve Jobs, Barack Obama, Bernie Madoff, Etc.) are very motivated with their successful business. Angela Duckworth did a Ted Talk about grittiness and how it ties in with being passionate. I think that success also goes in with it. I agree that grittiness is almost identical with being passionate. Duckworth also mentions another thing about growth mindset, which was in Carol Dweck’s article “Brainology”. Growth mindset is a gateway to success is being open to doing new ideas. I think that all the sources that we have read or watched in this class have been connected to one of the other sources. Both Daniel Pink and Angela Duckworth
Entrepreneurship is a valuable skill that every person should acquire and use in their lifetime,
An entrepreneur does not always come in trying to meet an existing need, as well as Yankee Candle, E-bay, Starbucks, Staples, and many other business brought values where none existed before. Entrepreneurial thinking is exactly this, possibility to explore 'uncharted waters' and take most advantage of it.
"You have to be burning with an idea, or a problem, or a wrong that you want to right. If you 're not passionate enough from the start, you 'll never stick it out” (Steve Jobs). Reading that quote there is one word that really sticks out and says something to me; passionate. To be or to become the greatest leader in whatever field you’re into, if there is no passion in the work or goal you’re trying to achieve, you’ll never be able to stick it out or grow/prosper in the end. Just like the quote above from Steve Jobs states.
“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)
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.
Passion for Family, Community, Business, Technology and Intellectual growth are what motivate me on the daily basis. These are vital parts that have contributed to framing me into the person I’ve become. They have also shaped my short-term and long-term goals in life. It’s critical for one to have a vision for their life and what they anticipate to accomplish. Without a vision or desire there is no hope for one to continue and to purse anything. My experiences with in my passions have helped me aligned my vision for my life. They have given me the valuable knowledge that have set me up for success to get to this point in life.
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.
Most successful entrepreneurs are have a passion for their product or service as well as a desire to solve a problem and make life easier, better, cheaper (10 Qualities of successful entrepreneurs, 2010). Their desire to be an entrepreneur is mostly due to in internal factor rather than an external such as money.
Being a student of success you will find there are varying traits but consistent ones, that lean toward success. It is your personality, your inner drive that will make you successful. Once you identify those traits, your journey as an entrepreneur will lead to success. Here now is THE list. See what you have and what you will need to acquire to achieve:
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.