Question

Evan Williams, Michael Dell, Jeff Bezos, and Reed Hastings are four successful e-business entrepreneurs. Discuss the entrepreneurial characteristics these four individuals seem to share.

Answer 1

Answer

Introduction:-

Evan Williams, Michael Dell, Jeff Bezos, and Reed Hastings are four successful e-business entrepreneurs.. characteristics of these four individuals seem to share are explained below.

Characterstics

1. They take what they do seriously.

Entrepreneurs understand that the success of the business ultimately rests upon their shoulders. When you run a startup, whether or not rent is paid depends on how you run the business. Because of this, all successful entrepreneurs take their work very seriously.

2.They make the big decisions carefully.

Every decision has consequences, whether good or bad. Over time, those consequences shape our reality and tell the story of our lives. Entrepreneurs who are doing well take note and carefully identify the potential long-term effects of each decision, while seeking counsel before making major decision.

3.They are constantly learning.

There’s always something you don’t know and something else that has just been discovered. Both are essential for entrepreneurs. You can’t build a business around something you don’t know about, and you can’t improve products and services using outdated methods. Entrepreneurs are always on the prowl to learn more about what they do and what the competition is working on.

4.They’re not afraid of risks

The best things in life are often found on the other side of a worthwhile risk; in that way, the best business you can build may be on the other side of possible failure. Entrepreneurs don’t shy away from the unknown or the uncharted. They know that’s where the future sales dollars and profits are. While uncalculated risks can cause terrible consequences, calculated risks are the sweet spot of a new business venture.

5.They’re willing to experience failure

Very few successful entrepreneurs have made it without living through some failure, large or small. They realize failure is just information about what doesn’t work, not the end of the journey. They continue trying long after most would have given up.

7.They harness technology.

Things change constantly, and they change especially quickly in Electronic business. To best serve their customers, successful entrepreneurs keep up to date with the best technology can offer to them. Take, for example, live chat. It can make a huge difference in your company’s customer service results and overall growth.

6.They adapt to the current needs of the customer and market

As conditions and society go through changes, so do the needs of customers. The successful businesses of tomorrow will be those that learn how to meet those needs quickly and don't get left behind in the heap of non-adapters.

Conclusion

Above are the Evan Williams, Michael Dell, Jeff Bezos, and Reed Hastings successful e-business entrepreneurs characteristics seems to share.