WHO IS AN ENTREPRENEUR?
A person who sets up a business or series of business taking on financial risks in the hopes of profits. An entrepreneur is a starter, someone that creates something new,either a cooperation, a business or a company. He is the person in charge, a leader so to say. His zeal and leadership qualities inspires others to follow. He is an inspiration to his followers. He is the engine of a company, a driving force, so therefore can choose to accelerate the progress of an organisation, slow down or even stop a venture.
A Dominant characteristic of an entrepreneur is passion and zeal. He or she possesses the passion and the zeal that drives his entire actions. This positive energy helps to conquer the different challenges and gives him strength and reason to continue pursuing goals when hardship presents itself.
Entrepreneurs play a vital role in any economy. They possess skills and instincts or initiatives necessary to expect current and future needs and bring innovative ideas to the market.
For an entrepreneur to be successful, he or she has to face risk head on. He or she has to accept the risks of a start up knowing fully well that there's a high probability of it failing which is why only few entrepreneurs end up being successful.
An entrepreneur has to understand the meaning of failure, and in any case of failure, he or she has to accept the consequences of failure. It doesn't stop at just failing for a true entrepreneur. He doesn't quit. He is persistent and He keeps on trying over and over again, because failure+persistence=SUCCESS. It is just a natural law,no two ways about it.
A big shout out to all entrepreneurs out there who are trying to get all the pieces of the puzzle together. I wish you success in all your endaveours.
nice.
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The high probability of a failure comes from the statistics. However, I have been following a equity based crowdfunding platform. There are plenty of companies that you can tell it will likely to fail, the ideas are just so much out of blue. If people just ponder a little bit before they start their business I bet the probability of failure could be cut significiantly...
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Yep an entrepreneur is definitely a different breed
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Awesome post! You should check out Andy Frisella in podcasts, you'd like him!
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