What makes a good entrepreneur essay

How to Write a Summary of an Article? I am good at keeping calm in difficult situations. Keeping calm is important when running a business, things may go wrong and you may be in some bad predicaments, but it is always vital to be calm.

What makes a good entrepreneur essay

How to Write a Summary of an Article? What Makes a Good Entrepreneur? The terms entrepreneur, manager and owner are very much in meaning yet exhibit different representations of business people who are present at the top management.

Entrepreneur is a person who sets up a new organization or enterprise and accounts for accountability on his part of the risks that could come onto his shoulders for one reason or the other. When the discussion is of the for-profit organizations, the entrepreneur term replaces itself with founder.

We will write a custom essay sample on What Makes a Good Entrepreneur? The entrepreneurs have strong insights as regards to the opportunities that exist within the market and the threats that come as a result of the very same.

Michael Bloomberg

The risks that could arise in the wake of these include personal, financial or professional ones so that opportunity could be grabbed with both hands. Martin, In different societies, the business entrepreneurs are regarded as the pivotal components of a social order.

Covin, Entrepreneur manages and runs an organization and manages the different undertakings of the enterprise. This enterprise could be a business which is normally associated with peculiar initiatives and foreseeable risks.

What makes a good entrepreneur essay

An entrepreneur is also an employer of productive work or in other words of labor. He is also the contractor who deals with or initiates the process of entrepreneurship. The entrepreneur is the person who is responsible for running the system which is in place in a normal process.

He is the one who organizes the whole process. The entrepreneur is the risk bearer and an organizer within the business enterprise.

Take Risks. Don't Waste Your Time Avoiding Failure.

More than anything else, an entrepreneur is a leader by sheer definition. An entrepreneur wants to achieve high since his ambitions are always at the top.

He is a person who believes in dedication and hard work. Drucker, These people like to work for their own selves rather than working for some other business.

They believe in quality of work and take acceptance for responsibility which is a hallmark of a true leader. These entrepreneurs believe in a positive approach and give rewards whenever they deem fit.

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Their thinking is more on the lines of providing excellence towards work and they are good organizers as far as work ethics are concerned. They want to make a profit and this profit helps them to accomplish more and more in their passage towards success and achievements.

Watkins, Effective entrepreneurs know how to make use of their team members and during this while contribute in their own capacity towards team building. Entrepreneurial effectiveness within an organization could be improved if there is a general understanding that the entrepreneurs know their work well and also discern the exact basis for the workers who fall short on the knowledge curve.

This would enable them to get the best out of these individuals and turn them into the strengths within the shortest possible time. Versi, What spiral of knowledge does is to increase the awareness level of the entrepreneurs when it comes to their working methodologies and the ways and means through which they bring value to the different processes and activities of the organization.

Gannon, The knowledge organization makes best use of the knowledge that it has and it does not let go on the opportunities which come in its way every now and then.

There is a definitive need to outline the salient points which a entrepreneur must know in order to get the work done from the knowledge base and indeed the whole of the knowledge organization and it is only when there is a mesh of knowledge activities and the entrepreneurial effectiveness.

Halal, Team building is one of the most significant aspects that come under the functions of an entrepreneur and he needs to make sure that he is the leader for all the activities and tasks that are happening under his vigilant eyes.

Team building is all the more important because the entrepreneur needs to take decisions in line with the knowledge that his team can deliver under crunch situations and also because he has to take the company forward all this while. Thus it is imperative on his part to understand that the strengths and weaknesses of the team members are equally crucial and his requirement takes more ground in this whole equation when a difficult situation crops up.

Hocker, Thus a good team is only built when the leader entrepreneur knows his team members pretty well and turns the weaknesses of different individuals within the team into their strengths and not only that but also in the strength of the team overall.

Harper, An entrepreneur can only be termed an effective one when he understands his resources and what his team members can possibly do to their maximum in those available resources. Only then there is a sense of empathy and understanding amongst the team members and consideration towards the leader of the team which in this case is the entrepreneur himself.

Thus, a good team is developed when there is complete harmony in the activities of the team members and there is basically a synergy amongst all of them. This synergy can only be encouraged by the team leader, which in this case is through an effective and considerate entrepreneur.

El-Amin, Being labeled as an entrepreneur is a social stigma, more so in the West where the same is attached with social injustice and immoral etiquettes. In addition, being called as an entrepreneur of some business or corporation asks for the person to be termed as a tyrannical ruler who is ruling the lives of the employees and workers working under him.

What makes a good entrepreneur essay

On the other hand, being called as an entrepreneur of an enterprise would be looked upon at in a very esteemed and reputable manner within a third world nation. Economy, There are differences in the cultural mechanisms so as to speak. A conflict within an organization can take place due to differing personalities of the employees or in their attitudes that lead in their linkage with each other.Feb 02,  · Passion drives you.

What makes a good Entrepreneur? | Free Essays - ashio-midori.com

It's what makes you work extra hours, go the extra mile, and take the necessary risks to make your ideas a reality. Without it, you're severely stifled. What Makes a 'Good' Entrepreneur? What Makes a 'Good' ashio-midori.com An entrepreneur is a businessperson; someone who starts up and operates a business and assumes financial risks in .

A good reputation is unquestionably one of the home business owner's most tangible and marketable assets. You can't simply buy a good reputation; it's something that you earn by honoring your. Disclaimer: This essay has been submitted by a student.

This is not an example of the work written by our professional essay writers. This is not an example of the work written by our professional essay writers. An entrepreneur should be aware of the latest service techniques and technology in order to serve the clients in a better way.

Competition should never scare an entrepreneur. In fact, competition is what a successful entrepreneur thrives on. Monopoly is never a good thing. This is because in monopoly there is no scope for improvisation or change.

What Makes a Good Entrepreneur? The terms entrepreneur, manager and owner are very much in meaning yet exhibit different representations of business people who are present at the top management.

Entrepreneur is a person who sets up a new organization or enterprise and accounts for accountability on his part of the risks that could come onto .

What Makes a 'Good' Entrepreneur? | HuffPost