What Are the Qualities of a Good Entrepreneur - 1744 Words

What are the qualities of a good entrepreneur? It is known that, in the context of the creation for profit-enterprises, entrepreneur is often synonymous with founders. An entrepreneur will face many obstacles, challenges and difficulties in business operation. To be successful, a good entrepreneur will need have some extraordinary abilities. So what is an entrepreneur? The entrepreneur, with his dream and will to found a private kingdom, to conquer adversity, to achieve success for its own sake, and to experience the job of creation, is a heroic figure in economic development. ( Nafziger, Wayne, 1986) A broader definition by say The entrepreneur shifts economic resources out of lower and into higher productivity and greater yield. ( J.†¦show more content†¦Sony has followed later with pioneering contributions to the popularity and success of compact discs, camcorders, computers and floppy discs. Sony links its own expertise in electronics hardware with American completion in software and entertainment. Forth, a good entrepreneur must have high- energy and self-motivated. ( Nafziger, Wayne, 1986) Self-motivated is like a target for a sniper, he should nail the target clearly before he putting the trigger. Also high- energy is like the gas of automobile, we must refuel it up before we step the pedal. Same reason for the company, after ensuring the target, entrepreneurs and his employees must take one hundred percent energy into action. To be high-energy and always keep positive attitudes will facilitate entrepreneurs to improve the efficiency. Karl Lagerfeld is the designer of Chanel. People called him the fashion of Julius Caesar or Buddha. He always maintained high-energy in front of the screen. His unique design inspiration makes Chanel’s products more dynamic and popular all over the world. (Vanessa Grigoriadis , 2006) High-energy and self-motivated can aid the company to aim at the target, so company will not be misled by wrong decision. If the entrepreneur is high-energ y, he will become a good model for other employees and drive the atmosphere of the company in a positive way; therefore it would boost the performances. With Karl Lagerfeld’s unique charm and inspiration, Chanels designShow MoreRelatedCharacteristics of Successful Entrepreneurs1015 Words   |  5 PagesCharacteristics of successful entrepreneurs An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs. Passion Most successful entrepreneurs are have a passionRead MoreImportance Of An Entrepreneurial Business At All Levels Essay1612 Words   |  7 PagesTHEME 1: THE IMPORTANCE OF ENTREPRENEURSHIP INTRODUCTION An Entrepreneur is someone who is creative and innovative and identifies a business opportunity or gap in the market for a new or adapted product or service. The importance of an entrepreneurial business at all levels is essential to a country’s economic development as well as wealth and employment creation within a country. To a large extent this is dependent on the entrepreneur who applies certain talents, skills and expertise in the start-upRead MoreBeing an Entrepeneur1043 Words   |  4 Pagesgreat entrepreneur who wanted to make his business successful. An entrepreneur needs a variety of skills but does not need to have a formal education. Being an entrepreneur is challenging even if an individual is well educated on the field or has no education at all. 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However, the research which was accomplished about entrepreneurs, I think that entrepreneurs are not born they are made on the stage of cultivating