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Qualities of an Entrepreneur

Entrepreneurs come from a wide range of backgrounds, challenges and influences. But every person who has a good idea doesn’t endup becoming an entrepreneur. Neither does a business degree ensures the person becomes an entrepreneur.

Unfortunately, many businesses are started and then dissolved, not because they didn’t have a workable idea, but because the entrepreneur lacked certain skills. Often times many hardships must be experienced before this reality can be seen.

Here is a activities listinvolved in a successful startup. This can beneficial to anyone thinking about starting his or her own business.

  1. A Business Plan
  2. Funding
  3. Market Research
  4. Advertising
  5. Marketing
  6. Sales
  7. Customer Service
  8. Accounting
  9. Basic Business Laws

While many of these business basics can be outsourced, it’s important as entrepreneur to have an understanding of each component. Especially, as the entrepreneur draws the business plan. Many entrepreneurs fail, because they under estimate and don’t understand how each level fits within their plan of attack.

Knowledge of business basics not only help an entrepreneur, but also strengthen him and the business to overcome the challenges that will arise in the path to making the business a success. Here are few common traits that a small business owner and entrepreneurs possess.

  1. Vision
  2. Passion
  3. Purpose
  4. Adaptability
  5. Leadership Skills
  6. Networking Savvy
  7. Determination
  8. Positive attitude

As seen turning an idea into a business involves multiple layers, but if executed with precision it can generate financial success and personal achievement.

Whether one wants to work fewer hours, create a family legacy or do what they love to do, one needs to know what they want out of the business before they can create goals and track them to fruition.

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