Entrepreneurship - Who Is An Entrepreneur?

Entrepreneurship - That's An Entrepreneur?

I came to realize that entrepreneurship has been there for so a long time and that there are many those who cannot define correctly who an entrepreneur is. This is because you will find there's disagreement of whether entrepreneurs are born or made. Incidentally, are entrepreneurs born or made? I'm afraid when we start this discussion we might not come to a conclusion. affaires ventes blogueur entrepreneur marketing publicité

Why is it that there is no universal agreement whether entrepreneurs are born or made? First, entrepreneurs are born since there are some people who have think of new business ideas which can be currently recognized as successful businesses however these people were never educated concerning how to become entrepreneurs. On the other hand entrepreneurs are made because there are some successful entrepreneurs who may have studied entrepreneurship courses (diploma and degree programs) offered by colleges and universities.

According to some tips i studied in high school under the subject of commercial, an entrepreneur is "a individual who sets up successful businesses and business deals." However definition does not bring out a clear definition because not every person who sets up an enterprise and is running it successful is surely an entrepreneur. There is more of who a true entrepreneur is other than setting up a business and running it successfully.

Economics and people don't seem also to concur with who is a true entrepreneur. From economist point of view, "The entrepreneur is one who's willing to bear the chance of a new venture when there is a significant chance for profit. Others emphasize the entrepreneur's role just as one innovator who markets his innovation. Still other economists point out that entrepreneurs develop new goods or processes the market demands and are not currently being supplied."

Entrepreneurship concept first came into existence in the 1700s. Since that time it has evolved to what it is now today. Regardless of the failure of defining who a true entrepreneur is, we can all agree that entrepreneurs play an important role in enhancing the lives of people in several ways. They come with new ideas who have led them to create business organizations.

These organizations besides creating job opportunities directly or indirectly they also serve people in ways. Entrepreneurs are viewed as those who either create new products or improve the existing products in an attempt to solve problems facing people.

Trait Approach

We could describe who a genuine entrepreneur is by using the trait approach. Under this method, the common traits successful entrepreneurs possess describes if a person is a true entrepreneur. The traits are:

1.) Taking Risks: They take a risk after they have discovered viable business opportunities. They already know that business ideas which have got high risks are the type which yield high profits. In most cases, successful entrepreneurs have got risks to be where they're now.

2.) Passion: Whatever the business idea they are presented up with, they have desire for it. Passion keeps successful entrepreneurs going by being focused.

3.) Hardworking: Successful entrepreneurs have a common trait of spending so much time. They work hard in seeing that all the tasks in the business are completed by the due date and efficiently.

4.) Optimistic: Optimism will be the trait that successful entrepreneurs share. They believe that in the foreseeable future their ideas will probably be successful businesses. They have no room for doubting their businesses.

5.) Good Leadership: They have the trait of good leadership. Successful entrepreneurs understand how to motivate their employees so they really give their best achieve success. They create policies and goals for their businesses. They oversee why these policies are followed and the goals are accomplished promptly.

6.) Determined and chronic: Successful entrepreneurs are determined and chronic in making their new business ideas successful. They don't give up after experiencing some failures in executing some tasks but they're persistent and determined because they're motivated by success and not money. For them, financial resources are only a reward they get.

7.) Flexible: Entrepreneurs that have succeeded respond to market needs swiftly. Whenever you can find changes in market needs they respond swiftly so as not to lose their clients. They search for opportunities to exploit when a change occurs. Successful entrepreneurs have a very common trait of adjusting their entrepreneurship ventures to fluctuating economic conditions. "The entrepreneur always pursuit of change, responds to it, and exploits it as being an opportunity-By Peter Drucker."

8.) Creativity: They research and are avalable up with creative new business ideas. Successful entrepreneurs continuously innovate new strategies to satisfying customers.

9.) Organization Ability: Successful entrepreneurs are very organized. They organize factors of production like labor, land and capital in running their entrepreneurship ventures.

Because of the above information, I urge you do not to fail to appreciate exactly what a true entrepreneur continues to be working on. This is because an authentic entrepreneur never gives up no matter the failures he experiences in executing some tasks. He could be optimistic that one day his business idea would have been a successful business. affaires ventes blogueur entrepreneur marketing publicité