According to most dictionaries, an entrepreneur is a business person who finances or initiates emerging commercial enterprises.
I don't agree; just to provide the capital it is not enough.
In many cases an individual prefer to invest in a certain business venture but that person will let someone else handle all the business activities.
This makes him an entrepreneur? No.
Any person who finances a business venture and runs it can be called an entrepreneur.
Some economists say that an entrepreneur is someone who develops a fresh and new product, a new way of producing something, or an innovative market. Usually, entrepreneurs start with a small business and if it proves to be successful, the business will slowly expand.
Some say that being an entrepreneur starts right after a child is born. The qualities are already possessed by the child from the moment of birth. The individual is already a thinker. These individuals will want to reach the impossible. So if you're a born entrepreneur, you must develop your skills and qualities so that you can use it in the near future for your success.
For the entrepreneur, nothing is impossible to achieve.
The keys to being a successful entrepreneur are:
- Innovation
- Creativity
- Leadership
- Being a risk-taker
- Having the right inner drive or passion
There are thousands of opportunities that you can find from emerging communications, culture, and science and technology. All you need to do is identify these business opportunities and turn them into a real business enterprise. However, choosing a good business opportunity requires careful study and market research. Even if entrepreneurs are known to be risk-takers, they still have to make sure that they are entering a good business.
Being an entrepreneur is an exciting and challenging task. If you have the guts, the capital, the right inner passion, appropriate qualities, and skills, don't hesitate to improve market with something new.
My WYSIWYG
Responsibilities Of An Entrepreneur
Now we know that an entrepreneur is someone who manages and organizes any form of business.The responsibilities of an entrepreneur include:
- planning
- organizing
- staffing
- controlling
Let's take one by one.
The Planning
Planning is a very important responsibility of any entrepreneur. Good planning is the very first duty that should be fulfilled by an entrepreneur. Oftentimes, an individual has many business intentions. To direct such intentions, you need careful, tedious, planning.
You must plan ahead so that you will know what to expect as you go through the course of the business.
You have to plan all your actions and make sure that you follow such plans.
Organizing
The next responsibility is organizing. In order to attain your specific targets, you must know how to organize especially if you're handling several departments. This way, you can divide all the work that needs to be done. You don't have to do all the work as an entrepreneur; you must know how to designate. By work designation, all the jobs are finished on time or even in advance. Not only that, the work are also done properly.
Staffing
Staffing is another great responsibility of an entrepreneur. Sometimes, you're burdened with your responsibilities but if you know proper staffing, you can lessen such burden. Through staffing, all the jobs are done properly and there is less possibility of business loss. You must have a competitive staff so that you can entrust the work to them.
Controlling
Another responsibility of the entrepreneur is controlling. You need to direct, improve, and train employees. All the business plans made by the entrepreneur should be put into order. All the aspects of the business should be controlled by the entrepreneur - from production to inventory, quality checks, and many others. You should be able to monitor all the aspects of the business at all times.
In order to do all your responsibilities as an entrepreneur, you must be
an excellent communicator.
Good communication is needed so that you can deal with all kinds of individuals.If you're good in communicating, you can convey all your messages correctly, completely, and clearly. This way, everyone will understand what you're saying.
Aside from being a good communicator, you must also be
an excellent listener, writer, and reader.
You also need to bea good and rational manager
If you can organize your business organization properly, you will not encounter many problems and you will have higher chances of earning big profits.Now that you know the different responsibilities of an entrepreneur, you can understand what an entrepreneur really is. If you want to become an entrepreneur, you should determine first if you can handle such responsibilities.
True Characteristics of an Entrepreneur
Before a doctor diagnoses a specific disease, his patient must undergo a series of laboratory exams and assessments. The doctor has to know the history of his patient and how lifestyle affected his present health problem. An entrepreneur must do the same in the world of business.Entrepreneurship is collectively defined as exhibiting one's vision, taking action, and pursuing that vision as a goal to be achieved in life.
By the way, if I repeat myself from time to time, it is on purpose!.
The distinct attitudes and characteristics of an entrepreneur should be:
1) Optimism - is foreseeing things in a positive way notwithstanding any circumstances that may hinder progress. The assertiveness of an individual depends on his knowledge of how to handle a difficult situation
2) Creativity - is thinking outside the box. Expanding one's mind of what is beyond the ordinary through fine research and collection of data.
3) Stability - either physical, mental, social or emotional, a leader must possess a stable life which means he could handle tough situations during tough times
4) Charismatic - intelligence of communicating with different walks of life. Who says a charming man is less than an intelligent one? A good entrepreneur must have the certain magic glistening in his eyes and could convey enchanting words to get hold of that convincing power no one dare resist.
5) Risk-taker - as someone beginning his own dream, he should be stern and must have the guts of plunging into his own doom or success. He should not be afraid of taking chances when opportunity strikes. If you're not willing to take any risk, then you will not succeed as a businessperson. Some risks are worth taking after careful evaluation especially if it's for the good of the business. If you're not a risk taker, then you're not an effective entrepreneur and you're bound to fail in your business undertaking.
6) Energetic - willing to do whatever it takes to reach to the finish line. His drive must always be at its highest level for being an entrepreneur would make you work overtime. His enthusiasm must prevail the next best thing.
7) Being Smart - You have to be clever, keen, and witty in all your business dealings. You have to show mental alertness and intelligence so that you can win the respect and trust of customers and other clients.
8) Being a leader - leadership is a characteristic that is hard to find among individuals. Not many individuals have the nerve to take the lead. To become a good entrepreneur, you must be a leader. Some say that this is a born, yes, I believe this, we are leaders or followers. You're quite lucky if you're a born leader because you only have to develop your other qualities and use them when you choose to become an entrepreneur. As a leader, you should be able to guide, influence, and direct people.
9) Inner passion for business - another important characteristic is having the right passion for business. You have to maintain your enthusiasm and interest in the business. As long as you have the right drive and passion, you can run the business for a long time.
10) Honest and trustworthy - some say that eighty percent of an entrepreneur's time is dedicated to pooling and attracting customers. This may be true because without the customers, the business will not exist. You have to be honest and trustworthy so that you can develop good will.
11) Time bound - an entrepreneur must be on the top of every innovation.
Work at Home - Business Entrepreneur
In the world of Internet it is possible to have an Home-Based Business.Being an entrepreneur is very appealing but not everyone can become one. One of the quickest and easiest ways to become a successful entrepreneur is by working at home through a home-based entrepreneur business.
Firstly, you need to evaluate your strengths and weaknesses. After the evaluation, you can now determine if you can manage your own online business. Aside from the evaluation process, you must know how to plan, organize, staff, and control. These are your responsibilities as an entrepreneur. You should be able to work alone because now you're the boss and all business decisions will be made by you.
Some say that online businesses can be run without many problems. Well, they are very wrong because even with an online business, you have to deal with certain business problems and risks. You can't eliminate such risks because that goes hand in hand with any business undertaking, both for online and offline businesses. However, you can reduce the risks that you're bound to deal with in the future by choosing the best home-based entrepreneur business that will work for you.
Entrepreneurs are known to be self-starters. Organizing your time is a difficult task but if you want to run a home-based online business, you should be able to do it. Remember, you don't have a boss that you can rely on. This is your business and you have to be responsible for it at all times.
Running your own business would also mean that you have to deal with different kinds of persons. You will surely encounter demanding customers, moody vendors, and an unreliable staff. To become a successful home-based business entrepreneur, you should know how to deal with them individually. You should know the quirks of every person that you encounter so that you can address them and the situation correctly.
Running an online business is all about your attitude and character. According to some experts who conducted researches about the characteristics of entrepreneurs, there are certain traits that an entrepreneur should possess. As mentioned earlier, entrepreneurs are risk-takers, self-starters, and know how to deal with different kinds of people.
Those traits and characteristics are not enough. You have to have more than that. Another trait that you should possess is being an excellent decision maker. Since you're the boss, you should be able to make quick yet effective decisions. Some situations are filled with pressures but despite the pressures, you still need to make an informed and wise decision. As owner of your online business, you have no one else to rely on when it comes to business related decisions.
To be an effective online business entrepreneur, you must have lots of energy and superior work ethic. Owning an online business may mean working even on late hours and on the weekends. However, you must not be pressured of your tasks. View them as challenges and strive even harder. Your efforts will be rewarded once you see the profits rolling in.
If you already know the responsibilities of an entrepreneur, then you can assess if you can become successful in an online business. Working at home through a home-based entrepreneur business requires dedication and hard work. You must be able to monitor your finances, tasks, inventory, work schedules, and many others. Good luck and may your chosen home-based business become a success. Video - Seth Godin Wisdom
Video - Seth Godin Wisdom II
Do All Of Us Can Become Entrepreneurs?
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Reply
- praise praise Jul 26, 2009 @ 1:55 pm
- Excellent lens, 5*
Debra
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Reply
- Michey Michey Jul 25, 2009 @ 8:59 am
- Hi! The title on this guest book is provocative!
Well, my response is Yes, but you have to take all necessary steps, and play the game right.
To your success
Michey
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Reply
- LoKackl LoKackl Jul 25, 2009 @ 8:49 am | in reply to Momtothezoo
- LOVE your "handle" momtothezoo!
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Reply
- Momtothezoo Momtothezoo Jun 23, 2009 @ 11:02 pm
- Excellent information...you are on a roll!
Entrepreneurship on Amazon Books
by Michey
This is Michey, an Internet marketer, Digital Product writer, Web 2.0 enthusiast.
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