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What are the qualities that ane entrepreneurs must possess to be successful entrepreneur?
Wiki User
∙ 11y ago
Focus! You must focus all of your spare time to be successful. It will take 3 years for your company to become successful. You must be flexible and willing to go with the flow based on what your customers want. Focus on your business and work extremely hard for 1000 days. For more business advice visit http://www.ekey.biz/
Wiki User
∙ 11y ago
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What is an entrepreneur and what are his traits?
EntrepreneursAn Entrepreneur is truly a unique individual. Entrepreneurs find it difficult or impossible to work for someone else, although they do work for the customers. They are willing to put EVERYTHING ON THE LINE FOR THE PASSION AND LOVE of seeing their enterpise grow... and sometimes live with several failures. They learn to continue to go the extra mile, hour after hour, day after day, planning, adjusting, rescheduling, and refining their business, WORK, WORK, WORK, long after everyone else has gone home.... 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 NewTo 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.see related links below.
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