They must be able to visualize the business as it will be, in a year, 2 years, and 5 years or more down the road, I mean Visualize, as though it were a full color 3D movie, maybe without faces on the people they have in place, because those WILL change, but able to see the process clearly. That is vital to the success and achievement of one's goals.
PLAN PLAN Work the plan, Work, give up your time, WORK Learn, Plan WORK WORK. For without YOUR personal drive and commitment, without your positive attitude and work ethic and desire to succeed, it won't happen. NO ONE else will do it for you, because they don't share your dream.
If it was easy, everyone would do it- Think about this: 75% of all new business FAIL in the first year-- mostly because of lack of commitment from the person who started the business- 90% of those businesses are out of business by the end of the second year, for lots of reasons: employee problems, lack of funding, family problems relating to the time and energy required to start a business, etc. The two main reasons for failure in business are underfunding and managerial incompetence... you don't know what you're doing, and you don't have the money to do it. Both can be overcome with sufficient drive and determination. Neither can be if you lack the motivation.
These are people who invest their money, with a chance of losing it. Usually, they give money to a company which hasn't been open very long. There are also people (like Bill Gates) who start a company, he believed in himself and invested his money in making Microsoft. His other investors were entrepreneurs with him. If you buy an item and are able to sell it for a higher price, you would be a small-time entrepreneur. The concept boils down to using your money to make more money.
Answer Entrepreneur is a leaderAn entrepreneur is a one who has the ability to dream big. he has the qualities of a leader. a leader is a one who knows what he wants. He is the one who creates ideas, unique opportunities & conceptions. So an entrepreneur should have the qualities of a leader. He is a one who knows what he is doing and he is ready to take risks.The will to take the financial risk makes you the entrepreneur.
Who is an entrepreneur? is the question and an entrepreneur is someone who create a new business providing a product or service with a new idea. Their company not a franchise their idea. Maybe even a new product but the idea of it is that its New
To add to it, an entrepreneur is always positive about his business, ahead ahead is the slogan and attitude once he is certain of the result, he love sense of ownership, leadership, originality, and responsibility.
they posses almost the whole qualities there to make man complete and successful, they are brilliant, foresighted, idealistic, takes every task seriously no matter how negligible and this is one of their success secret, can make mistakes but are always ready to take correction and make amend.
Many business men can possess these qualities and will only be tycoons and not entrepreneurs because they will not be ready to take financial risk to venture into new business ideas knowing their are chances for failure and scare away but entrepreneurs are always ready knowing that business is risk business is game if you can play better.
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What are the desirable personal characterristec attributes lifestlye skills and traits of a prospective entrepreneur
There is no specific time frame that it would take to become an entrepreneur. This will depend on one's ambitions and if they have the traits that define an entrepreneur.
Here are 9 key traits of an entrepreneur: 1. Focused 2. Hard Working 3. Enthusiastic 4. Smart 5. Creative 6. Visionary 7. Analytical 8. A True Leader 9. Persistent
what is the difference between a comercial entrepreneur and social entrepreneur
An entrepreneur is an individual engaged in business.. The entrepreneur's sell's either it is food or things,little or big... Even if you sell something in school such as foods you can be called an entrepreneur... hope i helped...