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Business and Economy

  • Entrepreneur


    An entrepreneur is someone who organizes, operates and takes the risks of business ventures. To be a successful  entrepreneur below listed qualities are necessary.  Let us look at  them.
    A successful  entrepreneur is an individual who
    • Develops a new business
    • Runs an organization
    • Takes calculated risk
    • Maximizes potential of  business
    • Is able to recognize opportunities
    • Is innovative enough
    • Creates  new products and services
    • Improves current products and services
    • Is  well disciplined
    • Has self confidence
    • Is open minded
    • Is competitive enough
    • Has determination
    • Has communication skill
    • Good human relation ability
    • Is hard worker
    • Works with passion
    • Is  visionary to see the end
    • Has motivation to do any activities
    • Time  management skill
    There fore you need to develop the above qualities  to be successful in your business venture.


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  • Entrepreneurs are Open-Minded


    Entrepreneurs understand that every circumstances and situations are business opportunity. These business opportunities will lead to constant flow of business Ideas. They utilize these ideas to improve overall business activities. They are always finding new ways through reading and researching to make the business better. Entrepreneurs are open to change. They always adjust themselves to the changing or new situations.


     The ability to be ready to entertain new ideas

    Understanding Open-Minded

    You are open-minded if you:
    • Accept new suggestions, comments and questions
    • Are able to look and recognize your environment
    • Are always in search of new ideas and innovation
    • Are familiar with your surrounding
    • Are full of motivation and flexible enough
    • Are open to learn new  and more skills
    • Have broad looking perspective
    • Have flexible mind adaptable to various situations
    • Make decisions based on sufficient knowledge
    • Ready to consider and receive new ideas

    Developing Open-Mind

    You can develop Open-Mind skill if you:
    • Are able to observe, read and listen
    • Gather and utilize suggestions from :Ready to accept new ideas
      • Employees
      • Family
      • Friends
      • Suppliers
      • Competitors
    • Include better ideas into your business dealings
    • Include better ideas into your personal dealings
    • Seek new experiences and adventures
    •  Search  new idea    from:
      • Books
      • Magazines
      • Videos
      • Audiotapes
      • Newsletters
      • Trade literature
      • The Internet
      • Meetings
      • Seminars
      • Courses
    • Guard yourself against being unchangeable
    • Open to change yourself and the business
    • Allow ideas simply to pass through
    • Adapt to latest technology and information
    • Are able to sense and gather opportunities


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  • Entrepreneurs are Self- Starter

    Entrepreneurs know that if something needs to be done, they start it themselves. They set guidelines and make sure that the task should follow that path. Entrepreneurs do not wait for good conditions to start with rather they make conditions good by self starting.

    An individual with the initiative and motivation to start and work without needing assistance or supervision.

    Understanding Self- Starter
    As a Self-Starter you are:
    • Practical and realistic person
    • Not waiting to get permission to do your job
    • Not waiting guidance from somebody else
    • Energetic person to start with passion
    • Ready for actions and achievement
    • Having initiative and motivation to work
    • Not in need help or supervision

    Tip on Self-Starter
    If you wait for perfect conditions you will never get anything done.

    Quote on Self-Starter
    What is not started will never get finished.

    Johann Wolfgang von Goethe

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  • Understanding Entrepreneurs

    Successful entrepreneurs act as liaison between raw materials, skill, capital and labor. They change the natural resources in to goods and services which are vital for human being. Entrepreneurs are big dreamers whose dreams come true through hard work. They are straightforward business persons. Their concern is all about doing business. Entrepreneurs are also the engine of industrialization.

    As an entrepreneur you understand entrepreneurs by considering the following key points.

    Entrepreneurs are those who:

    • Are visionary at the start of a business

    • Contribute to the creation of enterprises

    • Create something new from scratch

    • Often assume risks in doing business

    • Generate long lasting income and profit

    • Generate employment opportunities

    • Go out of usual way to realize their dream

    • Have their own means of doing business

    • Learn new skills in their activities

    • Make and help in the creation of wealth

    • Make social value products and services

    • Organize and manage a business venture

    • Start businesses from business idea

    • Think with inspiration and determination

    The importance of entrepreneurs’ task has been recognized long period of time. The word entrepreneur is used by many scholars bearing in mind the various aspects and activities of entrepreneurs’.

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