Posted by Kulkarni & Kulkarnis in
GENERAL
In my last we have discussed about of being an entrepreneur. Now this article is deals with profile of an entrepreneur. You don’t necessarily be a family member of businessmen nor should possess a MBA degree. What matters is common sense i.e. business mindset. Even a school drop out can become a successful entrepreneur. We have the living examples right from Microsoft’s Bill Gates to Wal-Mart’s Sam Walton.
An entrepreneurs profile will not be complete unless until they possess the following qualities:
1. Self-confidence
It’s the #1 attribute. Its confidence, confidence & confidence. There is no exception to this rule.
2. Risk Taker
Entrepreneurship is about taking risks. It’s about reaping the risks and the reward that comes from all this, but within the articulated guidelines of a business.
3. Scarifies
Scarifies is the hardest part to par with it for an entrepreneur. Many businessmen start their business in the prime of their careers after being recognized as great managers. A great manager means bulky salaries, perks & luxurious life. But for an entrepreneur it’s applying CBA (Cost Benefit Analysis) theorem. It’s flying in an economical class, living in a hotel which is economical sometimes even less than $50. Its all about sacrificing luxury lifestyle, being economical with your expenses which lead to success. Do not compare with what you have left behind.
4. Freedom & Discipline
Entrepreneurs love freedom but are also much disciplined. They like taking instructions from more competent people & customers. Freedom however comes with great responsibility and accountability.
A good entrepreneur is an highly disciplined person.
Freedom to an entrepreneur means the ability to choose a life of business & st goals consistent with stake holder ambition.
5. Money
Its always been said & is correct that money matters. Same is the case with entrepreneurs. They just love money. Entrepreneurship is generating more wealth from wealth. Its about creating legacies in many walk of lives.
A lesser fact is that 65.8% of the empire is owned by charitable trust. The Bill & Melinda Gates foundation is arguably the world’s second richest charitable organization with assets that stood at $26.9 billion in 2006. Without affection for wealth it wouldn’t be possible.
An entrepreneurs profile will not be complete unless until they possess the following qualities:
1. Self-confidence
It’s the #1 attribute. Its confidence, confidence & confidence. There is no exception to this rule.
2. Risk Taker
Entrepreneurship is about taking risks. It’s about reaping the risks and the reward that comes from all this, but within the articulated guidelines of a business.
3. Scarifies
Scarifies is the hardest part to par with it for an entrepreneur. Many businessmen start their business in the prime of their careers after being recognized as great managers. A great manager means bulky salaries, perks & luxurious life. But for an entrepreneur it’s applying CBA (Cost Benefit Analysis) theorem. It’s flying in an economical class, living in a hotel which is economical sometimes even less than $50. Its all about sacrificing luxury lifestyle, being economical with your expenses which lead to success. Do not compare with what you have left behind.
4. Freedom & Discipline
Entrepreneurs love freedom but are also much disciplined. They like taking instructions from more competent people & customers. Freedom however comes with great responsibility and accountability.
A good entrepreneur is an highly disciplined person.
Freedom to an entrepreneur means the ability to choose a life of business & st goals consistent with stake holder ambition.
5. Money
Its always been said & is correct that money matters. Same is the case with entrepreneurs. They just love money. Entrepreneurship is generating more wealth from wealth. Its about creating legacies in many walk of lives.
A lesser fact is that 65.8% of the empire is owned by charitable trust. The Bill & Melinda Gates foundation is arguably the world’s second richest charitable organization with assets that stood at $26.9 billion in 2006. Without affection for wealth it wouldn’t be possible.
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