ASSESSMENT 3, Interview an Entrepreneur
Entrepreneurship
The word entrepreneur was derived to describe the people who “take on risk” or “undertake” a task such as starting a new venture. Entrepreneurship is defined as the process by which individuals pursue opportunities without regard to resources they currently control. The real meaning of entrepreneurship is identifying opportunities and putting useful idea in to practice. Entrepreneurship requires creativity, drive, and willingness to take risks. Entrepreneurship is also known as self employment.
The best entrepreneurs do carve up a collection of characteristics, from persistence to the ability to tolerate risk, that are crucial to a successful venture. The following are the major characteristics that are found in an entrepreneur.
- Motivation to perform
Keeping in mind the end goal to run an effective business, an ambitious person must be eager for triumph – much the same as players and specialists. Indications of great inspiration incorporate attributes, for example,
• Initiative
• Perseverance
• Responsibility
• High self-esteem
Entrepreneurship is a showcase for you. It takes resolution, responsibility and desire to succeed. Numerous entrepreneurs respect money related benefit from the business as evidence of particular victory, not as an objective in itself.
- Innovation
At work, entrepreneurs continually confront circumstances and tests to which they must discover an answer through another working system or method for advancement. Keeping in mind the end goal to succeed, a business visionary must have the capacity to respond creatively and do things in eccentric ways.
You can discover the development needed all hands on deck movement by, for example, designat...
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The study will cover about the personal qualities of entrepreneurs worldwide, in particular, successful entrepreneur qualities and ways to nurture them.
“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)
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
person is going through some following stages to be entrepreneur are crystallized idea from executable project then they should search abut the project and how to implement it to achieve comment goals . So entrepreneur is a person who is not genius , but he con transform a man his thoughts and dreams , no matter how difficult the fact. ALSO, they have talent and abilities and skills through which they can detect good opportunity to be profitable venture and triest to measure the necessary resources to turn this opportunity into reality teal is characterized by leading business group of person qualities are they desire to achieve their dream and ability to solve the risk to achieve their goal .Moreover , entrepreneur is the owner of one or more projects succeeded in expanding the range of goods and services or work in more then one activity , they should make plan to increase capital and labor required other resources . The most important qualities of entrepreneur such as , solve the challenges and anticipate future opportunities . ALSO , implementation of plan . IF there any new ideas search for them even they are far fetoned and work to achieve them
This paper examines the myths associated with what it takes to be an entrepreneur, the profiles and the common characteristics among these successful entrepreneurs.
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
The success of a business is greatly dependent on its entrepreneur. An entrepreneur is someone who takes the financial risk of starting and managing a new business venture. In order to be a successful entrepreneur, one must be ready to take a risk and invest one’s own savings into a business. The job requires that the individual be ambitious and committed to working hard in order to achieve the set targets. A successful entrepreneur is able to multi-task and communicates effectively with people, possessing leadership qualities such as confidence and motivation. The individual must play the role of constant motivator and inspire employees to improve their work performance, whilst ensuring a comfortable environment for the employees to work in. According to Schumpeter (1982), an entrepreneur is more of a ‘heroic’ than an ‘economic’ figure; his motivation should not solely be monetary, rather stemming more from inspiration and ambition.
(2013, November 6). Retrieved from 9 essential traits of successful entrepreneurs: 9 ESSENTIAL TRAITS OF SUCCESSFUL ENTREPRENEURS
Business visionary can work to minimize hazard keeping in mind the end goal to understand their objectives. Business visionary are the visionary of another venture and they have a capacity to execute it. Business visionary can discover their way from the thought to completion. Business person locate a prepared wellspring of assets inside of the association.
Majalah Niaga(2013); Super Entrepreneur Tip: Do not Ever Stop Trying- edition 26; available from [magazine] pp 30-32. Retrieved on 7 March 2014
As noted above, despite the existence of capital contributes a crucial role to entrepreneur career choice, the gap between would be and actual self-employment depends on specific personality characteristics that individuals possess. According to Schumpeter who is the first economist research on entrepreneurship, new business creators are leader, innovative, autonomy, ingenuity, willing to conquer constraints (Schumpeter, 1934). In addition, when discussing about psychology of entrepreneurs, McCelland denoted the sets of entrepreneurial personality such as high need for achievement, moderate risk-taking propensity, willingness to have responsibility for success or failure and preference for energetic and/or novel activity (McClelland, 1961).
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.
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:
Entrepreneurship is a key driver of our economy, wealth and the majority of jobs are created through entrepreneurship, and it also helps and educates people in terms of growth and realizing opportunities (Nolan, 2003). Entrepreneurship is also seen as one of the important contributing factor to local development (Nolan, 2003).
Entrepreneurship - a special kind of activity. Its constant conditions are limited resources, competition and uncertainty of the situation. The main tools of the entrepreneur are: thrift, cooperation and innovation. Consequently, enterprise is the independent economic entity, with rights of a legal entity, which is based on the use of labor collective property produces and sells products, works, and provides services.