Article

***What Makes a Good Entrepreneur?

Written by Donna Price, The Official Guide to Strategic Planning

Topic: Strategic PlanningPublished July 1, 2009
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The path to becoming a millionaire in the field of business is a rough road. As anyone engages in business, they will tell you that it’s easier said than done. To be successful, you must develop certain distinctive qualities to make you a good entrepreneur. You may already have been equipped with some of these qualities; all you may have to do is to enhance them. There is also a need to identify your weaknesses, and strive to cover them with your strengths. Hereunder are some of the must-have attitudes to be a triumphant entrepreneur: Leadership: You may not be able to define the term ‘leader’ easily when you are asked, but when one displayed leadership qualities; you may be able to tell that that someone is the one. Essentially, leadership is defined by your ability to give order or in command to people under your responsibility and lead them to achieve certain goals. A leader is someone capable of coaching, planning, motivating and evaluating the employees or his team. Both managerial and interpersonal skills are required. Competitiveness: You know that from the very start, when you open a business, you open yourself in the world of competition. In fact, a competitive mindset is the very nature of business. There are so many aspects to determine if you are equipped with this quality. For example, the hobby you love most is a good way to tell your competitiveness. Another good indicator for competitiveness is one’s inclination to be number one or always to be the best. If you have this fighting attitude, you are likely to be successful entrepreneur. Self-Confidence: Involving yourself in a certain area where you are good at, say your forte or field of specialization is the best way to develop your self-confidence. This requires long acquaintance, belief, and passion in any business you are in. It is a huge mistake to force yourself into a certain endeavor simply because it is the current trend or a good way to earn income. Let say you lack knowledge or interest in entrepreneurship, pushing yourself to become an entrepreneur would be unreasonable and simply squandering. Well-Organized: From the concept of business, time is very important. For smooth completion of any task, everything should be in order. In this way, time is use wisely. When an entrepreneur is being referred to, you can tell that he is an organized person when he is able to manage his time prudently, accomplish things on a give time frame, able to find and provide things you need immediately, has a working schedule, punctual in any appointment, and the likes. Enthusiastic: An entrepreneur who is enthusiastic is always energetic. He has the high-spirited attitude to accomplish all things right. This is his burning will to face up challenges. Business success calls for a huge amount of energy, so you have to be willing to undergo hardships. Your enthusiasm from the start should remain constant. Intrapersonal skill, risk-taking attitude, and eagerness to work hard and arduously, aside from the above mentioned list, are other attributes also needed to be a good entrepreneur. You must be able to identify your strengths and weaknesses, and strive to work on those that require a room for improvement, this will make you a well-rounded entrepreneur.

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About the Author

Donna Price is a Success Coach, author of “Launching Your Dream” and “Bizology.Biz – The Science of Business Success”. As a Success Coach, Donna works with individuals and groups on personal development and success focus. To pick up your Entrepreneur’s Resource Guide go to: http://www.resourcesforentrepreneurs.com Additional Resources on Strategic Planning can be found at Website Directory for Strategic Planning Articles on Strategic Planning Products for Strategic Planning Discussion Board Donna Price, The Official Guide to Strategic Planning

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