Preview

Being a Successful Entrepreneur

Good Essays
Open Document
Open Document
569 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Being a Successful Entrepreneur
Entrepreneurship is the level that all individual who dream to create and build their business to become successful. However, in today economy it’s hard to keep company going without losing your shirt. For potential and veteran entrepreneurs who believe that one day their product(s) would be the one to put their business on the map. Here are steps to make sure it happens. Therefore, discussing the best case scenario of Entrepreneurial will give the reader a good view to start on how to follow your dream in building a successful business.

To create a winning company entrepreneur’s need to fully understanding on what it takes to succeed and for investors on what they looking for when they invest in a startup business. There are five elements to prepare an entrepreneur at the starting line; passion, a winning team, big ideas, market insight and a good business plan, which are all build blocks for a solid foundation in new business beginning. In adding characteristics of being a risk taker with an ventures spirit entrepreneurs are also; visual—seeing how to market their business and organize—staying on track by following their business plan.

Let’s begin, discussing the five elements that’s mentioned, which can help entrepreneurs get started; First, is passion; this is a enthusiasm and eagerness feeling that give entrepreneur a overwhelming of excitement that’s(above and beyond the business plan and ideas) this can convinces others in believing your dream just as much as you do. Next, is a winning team; this step that will make or break you, based on the quality of your business management team. In hiring your employee’s credentials shows that you're ready (or not) for whatever the economy, markets, or the competition throws your way, a strong team is important. Following next, is big idea; by creating or developing a unique and useful product. Investors want to fund a winning company, best-case scenario; so an entrepreneur need to asks themselves what makes my

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Be an entrepreneurship require efforts to pitch an idea and more courage to take risks during the process and is very important the networking that you have to bring investors, employees and customers. The entrepreneurship have to pay attention to changes in the environment, look for new trends market and be flexible to that so the business could follow the market needs.…

    • 619 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Plan Marketing 499

    • 6682 Words
    • 27 Pages

    Starting a new/ successful business can be one of the hardest things that a person can do in their life. The business can come second to nothing in life , not even your family. This is often where people make the mistake and get in to deep. Planning is just the beginning but is the most important aspect of the whole process. According to Uggla and Filipsson developing a company brand is one of the most important aspects of starting a business also. They used examples like Adidas, H&M and Microsoft as good companies to look at as examples. A strong foundation to a business will be a huge help in making the business successful and profitable as quickly as possible.…

    • 6682 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    Gm 520 Research Paper

    • 4631 Words
    • 19 Pages

    Running a successful business can be very difficult without the right tools. As more and more people start or consider starting their own business, it is important that they understand the core steps that are required to launch successful ventures. These steps include spotting, assessing, selecting and executing opportunities presented.1…

    • 4631 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    INT 601 Business Venture

    • 654 Words
    • 2 Pages

    Operating a company is a stimulating, resourceful, and adaptable way to plan one's opportunity and come to be an entrepreneur. Apart from making a living, it is about building a new way of life. Becoming an entrepreneur takes foresight, determination, and courage. Some of the characteristics to have when becoming an entrepreneur are: Self-confidence, believing in your business venture, focus on your strengths, being a decision maker, and being a leader.…

    • 654 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Many societies place great value on the entrepreneur. An entrepreneur has the greatest chance of success by focusing on a market niche either too small or too new to have been noticed by established businesses. Entrepreneurship is often difficult and tricky, as many new ventures fail. Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service. Entrepreneurs and business people come from all walks of life and have different backgrounds and life experiences. Anyone can start up their own business.…

    • 2447 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Entrepreneurs produce solutions that fly in the face of established knowledge, and they always challenge the status quo. They are risk-takers who pursue opportunities that others may fail to recognize or may even view as problems or threats. Whatever the definition of entrepreneurship, it is closely associated with change, creativity, knowledge, innovation and flexibility-factors that are increasingly important sources of competitiveness in an increasingly globalized world economy. Thus, fostering entrepreneurship means promoting the competitiveness of businesses. Entrepreneurship and…

    • 2100 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    case study

    • 1855 Words
    • 8 Pages

    how to be a successful entrepreneur are1. Mentality of taking risks: Guy Laliberte took a great risk by challenging the established…

    • 1855 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Being Successful

    • 698 Words
    • 2 Pages

    In recent discussions of the “Mindset” and “Think Differently”, a controversial issue has been raised. On one hand, Carol Dweck argues that working hard, challenging yourself and think positive, will help us succeed. On the other hand, Ken Robinson remind us that not all of us are great in academically, but are gifted in some other ways. My own view is that many people have different ways of approaching of how to become successful, whereas on the other hand, not everyone has the potential of becoming successful. I think that if we have the mindset of being positive, great personality, good aptitude and not taking anything for granted, we will succeed in life.…

    • 698 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneurial

    • 708 Words
    • 3 Pages

    Commitment, determination, and perseverance are the only characteristics one needs to become a successful entrepreneur.…

    • 708 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The Internet is full with stories of entrepreneurs and their road way from contemplating opening their own business to achieving ownership. There is a similarity in the starting point of the business, it goes from an unfulfilled desire to bring an idea to reality to the production itself; whatever it may be. The idea is usually a desire that has been haunting for a long time. There is a point where it goes from being an idea to business plan, the beginning of a business venture (Lavinsky, 2011).…

    • 1431 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    The business start up is the most important piece of a long puzzle to establish a successful business. An entrepreneur is an individual or group of individuals who desire to open their own business. An entrepreneur needs to gain "smart" money to start his business. "Smart" money is simply capital, and a business needs a lot of it to survive. Today one in ten businesses survive for more than a year. It is hard to start up a successful business today and even harder to maintain a successful business status. An entrepreneur will raise capital through numerous ways. He can look for investors that wish to gain a small silent partnership in the business, loans can be taken from a bank and one of the most common types of capital comes from the stock market. A business owner will take his company public on the stock exchange in order to raise money. While money is being raised, the owner has to determine a ballpark figure on how much he will need to run this business. Today it is said you should have sufficient capital to be able to support your business for two years without returning a profit. After the initial start up is complete then skill and determination is needed to keep the business going.…

    • 1128 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Launching a new business requires much skill and preparation. Entrepreneurs may not have the resources to raise capital in order to market their new business ideas; therefore, some great business ideas never become commercialized. This is a common dilemma that many entrepreneurs face. They often speculate about how to raise capital and same time, are unsure about how their startup will have the needed financial security to properly stay on track. Before a new business owner can raise capital for their startup, they must first identify the different sources of funding, find one that is most compatible with their needs, and then meet the given criteria of the investor or bank. These crucial steps can mean the difference between having the opportunity to successfully raise capital and leaving their new business ideas behind.…

    • 3846 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    With the development of society in the competitive of business environment, “business ideas” is one of the factors that contribute to the success or failure of any business, particularly in entrepreneurs. According to Martin Zwilling – an entrepreneur consultant said that: "For entrepreneurs -- especially those just starting out - businesses succeed as much as they fail. I’ve seen this time and again as a mentor and entrepreneur. But statistics also suggest that the failure rate for new startups within the first five years is as high as 50 percent”. One of the reasons lead…

    • 1831 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    To become a successful entrepreneur, there of course are some basics rules you need to know before you start playing. You have got to have enough money to get your business properly started. You have to think big, even if you are not, you have to convince the customers that you are bigger and better than your competitors are. Make sure you stay focused on your idea, on your vision, it cost a lot of money if you are jumping back and forward in ideas. Make decisions based on facts not emotions.…

    • 935 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Test for Business English

    • 8885 Words
    • 36 Pages

    So you think you're an entrepreneur, and you want to start up a company. First, be sure you're really an entrepreneur, and not an inventor. Inventors come up with ideas, entrepreneurs make a business out of them: it's important to know where your abilities lie, as inventors can fail miserably at running a business. Also, you need to be confident that you can adapt your management style to meet new demands if your company is a success. Leading the management team of a growing business is very different from leading a newly founded company.…

    • 8885 Words
    • 36 Pages
    Powerful Essays