Question

Would you be a good entrepreneur? Do you have the characteristics that it takes? Let your class know about your entrepreneurial abilities in the discussion forum in five to eight good sentenes. Reply to two of your classmates with three to five good sentences.

Answer 1

Yes I am a good entrepreneur because I know how to take risks, how to handle the stress and uncertainty about the business you are doing . I know how to handle the challenges to get a good customer base I know how deal with the financial phases of your business etc. There are lot of things happens when you start any business and the challenges you face during the setup of your business these are the things which can turn you into a good entrepreneur. There is nothing like you have learnt from your birth but the situation and incidents takes place while you are struggling for your business are the things which makes you a success entrepreneur.

Here are the following characteristics of a successful entrepreneur.

Passion:- The basic of a good entrepreneur is passion if you have passion so one power can stop you to become successful as an entrepreneur. Because you will have face many ups and downs but you have to keep your passion alive because once your passion goes down you cant achieve what you want and what you want to become because successful entrepreneur can be bit emotional about their products or idea they have.

Risk Taking:- A good entrepreneur always know how to take risks to become get success and sometime it is most important to take risks because playing in a safe ground cant take you to the success or cant make you a good business person. Also it is not something that you are taking risk with closed eyes but the understanding of taking calculated can play a important role to make you a successful entrepreneur. You will have to take few risk to get success.

Confidence:- A good entrepreneur will never doubt himself, he is sure that he will get success in his business no matter what because if a entrepreneur is dont believe himself then who will believe! obviously no body. Also you will have to take care about confidence and arrogance.

A good Manager:- A good entrepreneur has the quality of a good manner because initially he is the only person who has to manage everything like, money management, team management, people management and every single management tricks which can required various time and in various situations.

Understanding of product/service:- A good entrepreneur always have the very good knowledge of the product or service he is going to offer in the market and how that product fits in the market.

Flexible:- A good entrepreneur has to ensure the flexibility according the demand and changes which are happening in the market if he will not do so then he cant survive in to the market in a long run.

Good Networking Skills:- A good entrepreneur don't run alone he always have right network and connections and also know how to build the network even more stronger by giving value to his team, vendor, customers and resources as well. Though it is also required that good entrepreneur has to understand that his time is valuable and how to use it to build even more productive network.

In best of my knowledge all above mentioned characteristics are good enough to follow to become a good entrepreneur because every successful entrepreneur has these qualities/characteristics.

Hope your query has resolved.