Be an Entrepreneur

Do you have what it takes to be an entrepreneur? Let’s find out!

An entrepreneur could be someone who is willing to accept some sort of risk usually in the financial aspect in quest of new ventures. Most often the word is used in business context to any person organizing a new project or opportunity. Entrepreneurs are innovative, independent, optimistic, creative and hardworking people.

Entrepreneurs are creative destructionists of products and services. They innovate by using new methods whether on productions and organizations but at the same time they work to tear down existing companies by developing new products or services making older variation outdated and immaterial.

One common characteristic of entrepreneurs is to risk. This simply means that he is able to determine how much risk is appropriate for particular business dealing. Financial risk is one common risk an entrepreneur face. They may also face social risk specifically if their innovations challenge the norms of the society and psychological risk as their families’ peace mind may be affected by their works.

Additional characteristics of many entrepreneurs include spontaneous creativity and a willingness to make decisions in the absence of solid data. He or she may be driven by a need to create something new or build something tangible. As new enterprises have low success rates, a person in this role must also have considerable persistence. He or she may have the greatest chance of success by focusing on a market niche either too small or too new to have been dominated by established businesses.

                I often hear and read “I want to fire my boss”, I want freedom, more time with my family” If you are one these people then be an entrepreneur! This one major benefit you will gain if you have the above mentioned qualities.