Last Updated on May 19, 2020 by Anselem
Who is an Entrepreneur? An Entrepreneur is an individual who creates or opens up a business venture with his/her capital, he directs, and manages the resources involved in the business along side with its risks, for the sole aim of making profit.
Thomas(1985) defined entrepreneur as the activity to create and build something practically from nothing.
Steven(1985) he defines entrepreneur as a person who increases competition challenging exiting firm.
This article has a lot to teach, it’s all about “How to be a successful entrepreneur” this article will give you guides as an entrepreneur on somethings you need to do that will boost your business & venture as a entrepreneur.
HERE WE GO
BASIC TALENT TO POSSES BUSINESS OWNERSHIP
Before starting up a business you must have to conduct self accessment to determine weather you have entrepreneur skills or not.
Some important skills for business are :
i. You Need to understand and implement some important skills for the venture to grow.
ii. You need to understand and implement some important skills for the success of your venture
USEFUL SKILLS ONE NEEDS TO HAVE OR POSES AS A ENTREPRENEUR.
• You need to take calculative decisions: As an entrepreneur you should be willing to put everything on the line just to see that your business moves further.
This Is gathering resources and man power just to enhance the business activities.
• Take shrewd decisions: An entrepreneur cannot afford to spend much time thinking about what decision to make
Rather he must take a stand and go for it.
However he must make adjustments along the line .
• An Entrepreneur must be optimist and visionary
The entrepreneur should set a goals that will make his/her dream a reality, how ever he must first have a vision.
He must decide what type of business he/she wants to do.
This is very important and essential decision to make to prevent business rot.
He must constantly redefined/adjust these decisions as the business grows, he/she must be an optimistic thinker as this will help him/her go through tough challenges and trials.
• Hard work and self -driven
An Entrepreneur must have a stick-to-it attitude, this is because an entrepreneur will not want to give up until he/she achieves his/her goals while he/she may fall a few times along the line, but he/she will still need to stand up,dust him/her self and continue to strive to achieve his/her goals.
• Be passionate
Be passionate about the type of business you do. An entrepreneur must make sure he/she truly Loves what he/she does, the more you love your business the more you strive to make it successful one.
• Good interpersonal skills
To be a successful entrepreneur he/she must walk closely with other people he/she must be critical to be able to build great relationship with his team,customers, suppliers, shareholders,investors etc.
• Understand your business Environment
This entails a lot, the area which your business is located must have rules and regulations guiding business operations, therefore It is very important to understand what is obtainable in that area in order to run a smooth business operation.