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An entrepreneur is a person who creates small businesses. Entrepreneurs are calculated risk-takers they strive to maximize potential of their venture while simultaneously minimizing risk. They are able to recognize opportunities as they arise and create goods or services in order to take advantage of the opportunity before competitors catch on to it. Entrepreneurs may create new products or services, improve on current products or services. Moreover’ Entrepreneurship’ is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity.
An entrepreneur is a person who organizes a venture to benefit from an opportunity, rather than working as an employee. Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to anticipate current and future needs and bring good new ideas to market.
An entrepreneur is a person who develops a new idea and takes the risk of setting up an enterprise to produce a product or service which satisfies customer needs. All entrepreneurs are business persons, but not all business persons are entrepreneurs. Let us now think of why all business persons are not entrepreneurs. Think of a woman who sits by the roadside leading to your home and who has been selling the same type of food, from the same size of saucepan or pot, from the same table top, and may not have been able to change her standard of living to any appreciable extent. Such a woman may be a business person but not an entrepreneur. The entrepreneur on the other hand is the business person who is not satisfied with his/her performance and therefore always finds ways to improve and grow.
Now let us consider the characteristics or some special qualities and strengths which make an entrepreneur different from a business person. It is important for us to note that a successful entrepreneur possesses the following characteristics.
An entrepreneur takes action that goes beyond job requirements or the demand of the situation
An entrepreneur is quick to see and seize opportunities. He/she does things before he/she is asked to work by people or forced by situation.
An entrepreneur is not discouraged by difficulties and problems that come up in the business or his/her personal life. Once she sets a goal she is committed to the goal and will become completely absorbed in it.
An entrepreneur undertakes personal research on how to satisfy customers and solve problems. He/she knows that different people have different capabilities that can be of help to them. He/she seeks relevant information from his/her clients, suppliers, competitors and others. He/she always wants to learn things which will help the business to grow.
An entrepreneur is always competing with others to do things better, faster, and at less cost he/she strives to achieve excellence.
Are you afraid of uncertainties? Then you cannot be an entrepreneur. Entrepreneurs are not high risk takers. They are also not gamblers; they calculate their risks before taking action. They place themselves in situations involving moderate risk so they are moderate risk takers.
An entrepreneur sets meaningful and challenging goals for him/herself. An entrepreneur does not just dream. Him/she thinks and plans what he/she does. He/she is certain or has hope about the future.
An entrepreneur will work long hours after into the night just to be able to keep his/her promise to his/her client. He/she does the work together with his/her workers to get a job done. He/she knows how to make people happy to work for him/her due his/her dynamic leadership.
An entrepreneur plans for whatever he/she expects in the business. He/she does not leave things to luck. He/she plans by breaking large tasks down into small once and puts time limits against them. Since and entrepreneur knows what to expect at anytime he/she is able to change plans and strategies to achieve what he/she aims at.
An entrepreneur acts to develop and maintain business contacts by establishing good working relationship. Uses deliberate strategies to influence others.
Most entrepreneurs start business because they like to be their own boss. They are responsible for their own decisions.
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Reality of Middle class people and 31 Life Rules for success by A. P. J. Abdul Kalam, Bill Gates’ & Warren Buffett.
When someone is success then their past was a popular history. Past was like- Poverty, struggle, some said mad, some said useless, negative thought of people, miss behave of family, relatives and society, hungry, hard work, jobless, Money less and so on. But after success past is a popular history like- My son is a great, this is my best friend, people says we are proud of him, Published their popularity by news on television, news paper, Internet and many kind of media. One common thinking that, If you want to success follow this kind of person. but i want to show some difference between before and after success.
|1||Everybody called him/her crazy.||Everybody called him/her Talent.|
|2||Pain of Poverty.||Happiness of Wealth.|
|3||Everybody called useless and worthless.||Everybody called Great.|
|4||Need support from Family, Society and Relatives.||No need support|
|5||Miss behaves of Family, Society and Relatives.||Competition for celebrate.|
|6||Criticisms by near people.||Always praise.|
|7||Struggle for success.||Struggle was great history.|
|8||Every word is waste thing for everybody.||Every word is the Policy statement for everybody.
|9||Every success has different painful history.||Every Painful history converts into motivation for everybody.|
|10||Successful peoples learn the real meanings of life.||As a result they are success.|
|11||More limitation from the world.||More responsibility for the world.|
I just want to say one thing that, they wanted success as a result they are success. But family relative, society tried to prevent their success by unethical thinks.
Please remove all unethical thinking about any one. Treat them positive. If you have no power to help them. Please don’t do any miss behave with them. Try to encourage them. Once a day they can be a great person in the world.
Be positive always to anyone. Successful people always says their most negative and positive experience. So, where you want to arrive???- Negative experience or positive experience (decide yourself).
Life is journey. Once day it will be end. So, we have to do better something for myself and other self.
Every success history is not same and there has different view. But I am trying to express most similar view of some successful people and the real view of our family, relatives and society.
For recent high school and college graduates, here is a list of 11 things they did not learn in school.
In his book, Bill Gates talks about how feel-good, politically-correct teachings created a full generation of kids with no concept of reality and how this concept set them up for failure in the real world.
1 … Life is not fair; get used to it.
2 … The world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
3 … You will NOT make 40 thousand dollars a year right out of high school. You won’t be a vice president with a car phone, until you earn both.
4 … If you think your teacher is tough, wait till you get a boss. He doesn’t have tenure.
5 … Flipping burgers is not beneath your dignity. Your grandparents had a different word for burger flipping; they called it opportunity.
6 … If you mess up, it’s not your parents’ fault, so don’t whine about your mistakes, learn from them.
7 … Before you were born, your parents weren’t as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you are. So before you save the rain forest from the parasites of your parents’ generation, try “delousing” the closet in your own room.
8 … Your school may have done away with winners and losers, but life has not. In some schools they have abolished failing grades; they’ll give you as many times as you want to get the right answer. This doesn’t bear the slightest resemblance to ANYTHING in real life.
9 … Life is not divided into semesters. You don’t get summer off and very few employers are interested in helping you find yourself. Do that on your own time.
10 … Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.
11 … Be nice to nerds. Chances are you’ll end up working for one.
TOP 10 RULES OF SUCCESS
1. FIND YOUR PASSION.
“Take the job you would take if you were independently wealthy. You’re going to do well at it.”
“If you think you’re going to be happier if you get 2x instead of x, you’re making a mistake. You have to find something you like.”
“You’ll get into trouble if you think that making 10x or 20x is the answer to everything in life. Because then you’ll do things like borrow money when you shouldn’t, You won’t like it when you look back at it.”
2. HIRE WELL.
“Integrity. Intelligence. Energy. If the person doesn’t have the first, the latter two will kill em’.”
3. DON’T CARE WHAT OTHERS THINK.
“It never bothered me if people disagreed with what I thought. As long as I felt I knew the facts.”
“I stay within my ‘Circe of Competence’.”
Tom Watson said it best: “I’m no genius but I’m smart in spots and I stay around those spots.”
“I don’t have a problem if someone says I’m wrong on something – I just go back and look at the facts.”
Having emotional stability is more important than having a few extra points of IQ.
4. READ, READ, READ.
“I probably read 5-6 hours a day. I’ve always enjoyed reading – and I love reading biographies.”
5. HAVE A MARGIN OF SAFETY.
Famous lesson on having a margin of safety:
“You don’t drive a truck that weighs 9900 pounds across a bridge that says ‘limit 10,000 pounds’, because you can’t be that sure about it.
If you find something like that, you go further down the road to one that says ‘limit 20,000 pounds’ and that’s the one you go across.”
6. HAVE A COMPETITIVE ADVANTAGE.
“The nature of capitalism is that people want to come and take your castle. It’s perfectly understandable.”
“People will try to copy, and be better.”
“You need to make sure your castle has a durable moat around it – do you have more talent? Can you produce at a lower cost?”
7. SCHEDULE FOR YOUR PERSONALITY.
Work in the way that’s most productive for you.
For example, Warren doesn’t like meetings. He doesn’t do what he doesn’t want to do. Which is why he is able to allocate his time to what matters to him, whether that’s reading, or thinking about how to allocate capital.
8. ALWAYS BE COMPETING.
“I like to study failure. My partner says all I wanna know is where I’ll die, so I’ll never go there.”
“What kills great businesses, is complacency.”
“You want a feeling of restlessness. The feeling that somebody’s always after you. But you’re gonna stay ahead of them. You always want to be on the move.”
“You want to compete the same way you were when you had minimal success, even if now you have massive success.”
9. MODEL SUCCESS.
“The Intelligent Investor” book was a huge influence in Warren’s life.
Ben Graham, when he was a teen, looked at people he admired and thought: he wanted to be like them, so why not just behave like them? And he found there was nothing impossible about behaving like them.
10. GIVE UNCONDITIONAL LOVE.
“The biggest lesson I got was the power of unconditional love. I think there’s no power on Earth like unconditional love.”“To know you always can come back. That is huge in life. That takes you a long, long way.”
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