2. Entrepreneur came from the word
"entreprendre" (French verb) it means that
"to undertake" or "to do something." There
are lots definitions of entrepreneur but I got
very simple definition of entrepreneur which
is a person who owns a business of which
the entrepreneur is responsible for the risks
and outcomes. Successful entrepreneurs
always believe that their success depends
on their hard work, efforts and sacrifices.
Giving up is a big NO, NO for them.
3. An entrepreneur decides to chance their
money on an idea that they hope will gain
them back what they put out on the venture.
They usually choose to create a new or
relatively unknown entity to develop on. A
business or market entrepreneur bases their
venture on profits or earnings from their
business niche. Another type of
entrepreneur is the social entrepreneur
which hopes that their venture will help
environment or society in some manner.
4. Risk-taking is they backbone of many
entrepreneurs. They are willing to risk their
money and their time to bring about a
venture that they realize could succeed
beyond their wildest dreams or could fail
miserably. They know each of these
possibilities upfront which make it all the
more a challenge they are willing to take.
5. Ask any entrepreneur and they will tell you
they realize it will be an uphill battle for
most of their endeavors. If there were no
challenge to it then there would be no need
for anyone to risk or chance becoming an
entrepreneur. The challenging spirit is one
that does well when you consider the
characteristics it takes to become an
entrepreneur.
6. So what other characteristics make up the
entrepreneurial spirit? This is like answering
what is an entrepreneur. Anyone can decide
to be an entrepreneur and actually make it
work with perseverance and patience but it
also takes creativity, spontaneity, and the
determination not to let failure get them
down.
7. One of the major factors and characteristics
it takes to be an entrepreneur is
independence. Most entrepreneurs have
independence by the truckload. They love
to find a venture and do it on their own.
They do not have it in them to answer to
anyone else and that is one of the biggest
reasons many choose becoming an
entrepreneur over the regular grind of the
daily 9 to 5 type of job.
8. You may have to decide for yourself what
the real answer is to what is an
entrepreneur? Could it be you? Do you think
about things in a different way than the
conventional manner? Are you a problem
solver that realizes the difference in the
idea of the better mousetrap, or do you
know the mousetrap is fine, there is just a
different way to market it.
9. This may not be all there is to it. You may
have all the great characteristics and the
thinking power to be a world-class
entrepreneur. So, in order to become a
successful entrepreneur you are going to
have to learn to deal with failure because a
successful entrepreneurs have a positive
mindset around the experience of failure.
When they fail, they look at it as a result.
10. It's easy to let the failure consume you - not
so much because you are pessimistic, but
more so because it is hard to see something
that you poured your heart and soul into be
ignored or rejected.
Marketing Consultant
