Commenting on an Are you an Entrepreneur article

Posted on August 17, 2008

Funny how you get different perspectives on the same thing. I would like now to comment on an article written by Earl Stringer & Rachel Bishop - Are you an Entrepreneur? I will copy paste the main ideas below and give you my comments:

  • Entrepreneurs can be any shape, size, age, race or religion. They do, but always there are at least some business environment factors that alter the entrepreneurship ways. For example, Eastern Europeans are less entrepreneurial than Western Europeans.
  • What makes an entrepreneur an entrepreneur is commitment, the willingness to lead and the passion to succeed. And money (or the desire of have some)
  • Great Focus - True entrepreneurs have great focus. I have to agree, my mentors became successful as entrepreneurs in the moment they discovered something to focus on. They didn’t get that from the beginning but somewhere on their entrepreneurship life they discovered the right direction and they focused on following that path.
  • Creative - Most entrepreneurs have a seemingly effortless way of being creative. Creativity and business innovation is what makes companies stand a part and take the lion share on a market. This doesn’t necessarily mean coming with a completely new idea for a product or a service, just getting to do something better and serve a need somewhere in the simplest way possible.
  • Good With Money - Being able to keep track and manage money wisely is another well-known characteristic of an entrepreneur. If as an employee you’re probably thinking to buy a new car, buy a vacation or something like this once you got a rise, a real entrepreneur will always think about new investment opportunities or about growing the business. This doesn’t mean that entrepreneurs do not lose money or make mistakes, they do, but they think about money as a resource for even better bigger things.
  • Decision Maker - One who can make big decisions on their own without worrying about others opinions. Well, if you are in a decision making position as an employee, you probably got about half of what taking a decision mean to an entrepreneur. First of all, when you are an entrepreneur, chances are that only the most difficult decisions make it to you. Second, because you are not an employee you could take decisions in a different way - an employee will follow the rules, while you might not.
  • The Ability To Lead - Most entrepreneurs put themselves in the position of being the boss. No matter if you hire the best managers to control your business, you will still have the lead position. Sometimes people do not expect management decisions from you, the entrepreneur, but expect to be a leader.
  • Always Learning - True entrepreneurs never stop learning. I’ve always thought about things and ways to do things as a learning experience for something bigger that sits around the corner. And this way of thinking that there is something else to follow teaches you to learn from anything that happens, good or bad.
  • Fearless - Having no fear is definitely a characteristic of a entrepreneur. I completely disagree with this. Fear of failing, fear of risks is what a real entrepreneur feels. Entrepreneurs are not real risk takers, because everything they do is after a calculated thinking. Sure things might work or not, but fear is real, it just matter how you are handling fear.

The original article.

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Comments

One Response to “Commenting on an Are you an Entrepreneur article”

  1. leaderworld on August 18th, 2008 2:25 pm

    Great post on entrepreneurship thoughts. I do agree that an entrepreneur should have some qualities to be successful in business.

    The Leader World - Personalbrandl

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