Friday, November 20, 2009

Qualities an Entrepreneur Should Have.

Hi all, this time is about some of my thoughts on what makes an entrepreneur an entrepreneur, but not a employee. I was intrigued to pick out the special qualities entrepreneurs have but employees did not have, and I think some of my discoveries are worth sharing.

The first thing I recognized was that employees working in a company normally have a stable income, and secure and comfortable life. Although most of them might not earn as much as entrepreneurs, the stable, consistent and regular income they receive every month gives them a deep sense of security.

Entrepreneurs are totally different! They first step they decide to start their own business, they were forced to consider if their business will fail, if they had enough capital to develop their business, if their product can survive amidst strong competition and a thousand and one other risks and uncertainties they will run if they started a business.

Starting a business is equivalent to stepping into murky waters, and being a new player of a game where experienced players with much more starting advantages have already been around for decades. Without doubt, entrepreneurs should be people who enjoy adventures and risk. They are risk-takers.

In a world full of opportunities, an employees may not have the foresight to see how what the company's direction should be. He must be flexible and change the company's direction and focuses anytime based on the trend and opportunity then.

A good entrepreneur must be always smelling new opportunities that can aid the company in its overall growth and development towards its goal. He must carry more long-term plans and directions that can bring long-term benefits to the company, than focus more on short-term fufillments just because of public disapproval or immediate gains.

Because most human beings will support whatever popular vote goes to, and fail to have the determination to carry out what he thinks is best for the company. An entrepreneur will whatever he thinks will benefits the company the best (long-term plans), no matter how others think, he will do it because he knows its good.

After all, it is his company. Of course, he is the one most concerned about it. Employees who disapprove or put pressure on him to do what seem most pressing at the moment (short-term fufillments) may after all just be fighting for their own personal selfish benefits and comforts.

Determination must be present in this kind of situations. In addition, a good entrepreneur NEVER SAY DIE! He will pick himself up from where he had fallen. And because his resilience, he would learn something new everytime he fails, and along the way, he will become increasingly less bound to fail. Success is the opposite of failure, that is why determination = success.

Normal human beings (employees) would probably just give up.

As you would have guessed, my aspiration is to be a business man. I believe being a business man not only earn you a lot of money, but along the way as you encounter small failures, each time you pick yourself up, you would learn a new life philosophy from it. (For example, not to be too greedy, prioritize your needs and wants etc.) That, I think is the best thing I can tap from entrepreneurship.

1 comment:

stacie28 said...

In my opinion, hard-work is an essential quality of a great entrepreneur. For example, entrepreneurs like Steve Jobs, Donald Trump or Yuri Mintskovsky worked hard and so they became successful in their business. I have a lot of admiration for these famous people!