WORLD ACADEMY OF INFORMATICS AND MANAGEMENT SCIENCES
ISSN : 2278-1315
key to success is learning and then implementing.
figure out how to use what they've got in order to reach
The implementing has to happen.
their business goals. They never let problems and
DETERMINED ENTREPRENEUR
challenges get in the way, and instead find ways to
This entrepreneur hasn’t “made it” but they will, no matter
achieve success despite hardships.
what. They see the value in entrepreneurship, they
6.
Tenacity and ability to overcome hardship -
see that success is possible without copying, and they
Entrepreneurs don't quit at the first, second or even
do everything they can to start or grow their business.
hundredth obstacle. For them, failure is not an option,
Starting and growing a business is hard, and it takes time,
so they continue to work toward success, even when
but there is proof that it’s possible to thrive. To get
things go wrong.
there, you need change your mindset from focusing
7.
Vision - Some of the more stringent definitions of
on what too many people consider “reality” to what
entrepreneurship include vision as a necessary element.
you know your reality can be. Successful
It helps to know your end goal when you start. Further,
entrepreneurs have determination as their back-story.
vision is the fuel that propels you forward toward your
ACCOMPLISHED ENTREPRENEUR
goal.
This entrepreneur has gone through all the stages of
8.
Focus - It's easy in this fast paced, constant info-in-
entrepreneurship and building a business, and has
your-face world to get distracted. This is especially
reached success. They are now focused on scaling
true for business start-ups that often get side-tracked by
their business and leaving a legacy that extends
the shiny object syndrome (i.e. products and services
beyond their lifetime.
that promise fast results), or bogged down in
The accomplished entrepreneur has figured out the things
unimportant busy work. Successful entrepreneurs are
that will help you reach success. They have figured
focused on what will bring results.
out how to connect with their customer and how to
9.
Action oriented - Entrepreneurs don't expect something
solve their biggest struggles. They will never “make
from nothing and they don't wait for things to happen.
it” but they are experiencing true freedom. They
They are doers. They overcome challenges and avoid
understand their time is their most valuable resource
procrastination.
so they use it wisely.
What type of entrepreneur are you?
Face the truth and make a change if it needs to be made.
Success will be different for each of us, but if you’re
stuck, it could be because you’re not the type of
entrepreneur you should and want to be. Success
takes time. Growing a business could take a lot of
your life, but the freedom entrepreneurship provides
is worth the wait. It all starts with deciding what your
goals are. Decide what you want from your business
and how that fits into your life.
CHARACTERISTICS
OF
A
SUCCESSFUL
ENTREPRENEUR
Some business experts suggest that the entrepreneurial drive
is innate, a trait acquired at birth, while others believe that
anyone can become an entrepreneur. Whether a person is
born to it or develops it, there are characteristics and traits
required for successful entrepreneurship including:
1.
Passion - Talk to successful entrepreneurs and you'll
nearly always hear the word passion when they
describe what they do. Following your passion is one
of the best predictors of success.
2.
Independent thinking - Entrepreneurs often think
outside the box and aren't swayed by others who
might question their ideas.
3.
Optimism - It's difficult to succeed at anything if you
don't believe in a good outcome. Entrepreneurs are
dreamers and believe their ideas are possible, even
when they seem unattainable.
4.
Self-confidence - This is not to say entrepreneurs
never have self-doubt, but they're able to overcome
it, and believe they can achieve their goal.
5.
Resourceful and problem solvers - Lack of assets,
knowledge, and resources are common, but
entrepreneurs are able to get what they need or
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CHALLENGES THAT POSES A THREAT TO AN
ENTREPRENEUR
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