Entrepreneurs must love, enjoy and take seriously what they are doing, what they gain out their business, in the form personal satisfaction, financial gain and enjoyment will be the sum of what they put in. They themselves must take their business seriously or no one else will. Everything should be planned especially money, a business map must be developed to take the business from point to point and as a yard stick to measure the success and watch the rate of success. The entrepreneurs must ask for the sale, marketing regardless of how clever it is pointless without asking for the business. Successful entrepreneurs focus on and know the customer.
CHARACTERISTICS OF AN ENTREPRENEUR A person can start his/her own venture or business regardless of the age, gender or place constraints. If a person has the entrepreneurial streak and the passion to pursue it, he/she should surely engage in activities that can help set up one’s own business. There are no particular or specified characteristics to be an entrepreneur, some people are hard-working and subtle where as some others are very enthusiastic and flamboyant. Few qualities or traits that I believe that an individual needs to have in order to become a successful entrepreneur are • Passion: The person should be passionate about his/her idea and should be persistent in following it and transforming it into a business and nurturing it thereby. Unless and until one enjoys what he/she is doing there is no full effort being put in.
Great team building could lead to a good communication and deliver against all promise. In OBS, it is always the business first, technology solution second. One of OBS aims is to help the clients’ business life easier. Our experts take an end to end view of the clients’ solutions, no matter in packaged, tailored integrated, managed or in the cloud. And translate theses solutions into business
Business Strategy It’s easy to set your mind about the “right-now” aspect of your business, because the results are easy to see. But what about the long-term challenges and goals involved? How often are you projecting about those? Without a close eye on your business’ strategy and skilled assessment of that strategy relative to the industry and your competition, you can’t hope to grow it over time and remain competitive in the marketplace. Strategic key points include:- Business niche ¬– A good entrepreneur can build his business by concentrating on small and key market areas by identifying areas that are been addressed poorly or not at all by other firms, and developing and delivering service to that market.
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. It is an attractive career choice. But many decisions have to be made before launching and managing a new business. Most economists today agree that entrepreneurship is a necessary element for stimulating economic growth and employment opportunities in all societies. In the developing world, successful small businesses are the primary engines of job creation, income growth, and poverty reduction.
64% 36% 100% Starting a firm and keeping it viable is easy. 56% 44% 100% A career as an entrepreneur is totally unattractive. 56% 44% 100% Majority of the respondents are inclined to entrepreneurship given an opportunity and resources. Also, they consider entrepreneurship as an advantageous opportunity for themselves. Many of the respondents would also be inclined to business if their colleagues would agree to the decision of starting a business.
Once identified, the entrepreneurs take the initiative to set up an enterprise with the rudimentary objective to deploy the machinery business towards the fulfillment of identifying unfulfilled consumer needs in order to generate optimum profits for themselves. With observant, the best entrepreneurs are very aware of the world around them. They pay attention. In fact, most ideas come from seeing things for what they are. They have noticed that something can be done, delivered or made better.
Technopreneur’s is entrepreneurs who starts their own business using technology, new ideas, originative, enthusiastic, and self-confident and fervent about their work. They are always ready to accept risk, face trials and aim for greater achievement. Technopreneur’s struggle for continual improvement of the economy. Technopreneur’s are ready to accept failure because they view things differently and walks persistently for next challenge. Technopreneur’s intelligence can be seen by the way he/she think, the way he/she moves, and most importantly the self-assurance to improve and establish his/her business.
Shortly, franchising is an operational partnership between groups of individuals who have particular relationships and liabilities with a joint target to control markets to get and keep more customers than their opponents. This essay is going to talk about the positive aspects of franchising and why it is a great choice for entrepreneur with lack of
Another why becoming an entrepreneur is a life changing is when you run company, you can help other people by opening vacancies for those who want to work. It’s a also benefits you in your own company when you look for employees that you need for. Everybody is happy and so are you. In short, the impact to become an entreprenuer is a life changing not only for you but the others as well. In conclusion, it’s not easy to be an entrepreneur.