Preview

Entrepreneurial Skills or Qualification

Satisfactory Essays
Open Document
Open Document
798 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Entrepreneurial Skills or Qualification
Question: After completing the graduation would you like to be an entrepreneur or service holder? If you want to be an entrepreneur what are the qualification you think you have if you want to be a service holder explain why?
Answer: After completing the graduation I would like to be an entrepreneur. Because,
Entrepreneurial Skills or Qualification
There are many skills that entrepreneurs develop over time, but there are a few skills that every entrepreneur must have before opening their new business. Successful entrepreneurs have to start with these skills. * Self-Motivation: The most important skill any entrepreneur needs is the ability to wake up in the morning and begin working. If I have been 10 minutes late to work every day for the past five years, most likely that habit will not change if I own my own business. Not only do I need to be able to wake-up, but I also need to be able to begin and end work on time. Many first time entrepreneurs find themselves wasting away their day talking, filing and developing binders for clients that do not exist. Schedule your day and stick to your schedule and I believe in that rules.

* Self-Confidence: Every entrepreneur needs to be confident in themselves, their product and their business. You need to know that your product can truly help people and that you are charging prices that are both fair to you and your clients and I have self-confidence.

* Competitive: Many companies are formed because an entrepreneur knows that they can do a job better than another. They need to win at the sports they play and need to win at the businesses that they create. An entrepreneur will highlight their own company’s track record of success. So I also think that I have that competitive mind.

* Creativity: One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will repurpose

You May Also Find These Documents Helpful

  • Satisfactory Essays

    QHT1 Task 3 final

    • 412 Words
    • 2 Pages

    In Business today the Entrepreneurial Organizations continue to grow, thrive and help change the way companies and people do business. These Entrepreneurial changes that happen internal to large organizations or at small start-up companies all have some of the same traits in common with each other and use some of the same tactics to create business opportunities. Some of the traits they share to promote their business are: Individual action and initiative, Innovation, Differentiation and Risk Taking.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • 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
  • 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
  • Good Essays

    Those that have an entrepreneur spirit are those than can be described as having the drive to be risk takers and in some way be willing to step outside the box in terms of creativity. To add, creativity is an essential tool used by an entrepreneur to grow his or her idea into a unique product like no other in its competitive market. According to Marshall (1961), entrepreneurs should have both a thorough understanding of the industry they are working in and the willingness to act with less than complete information.…

    • 816 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    There are 2 elements that are mentioned time and again by successful entrepreneurs as being crucial for success, to be precise the motivation and determination to succeed in your business venture and to make things happen. Successful entrepreneurs also have a healthy dose of self-confidence and an optimistic outlook on life. Entrepreneurs vary greatly, so there can be no one combination that defines an entrepreneur. However, research does suggest that a need for achievement, autonomy and an internal locus of control and a moderate tendency to take risks are key characteristics.…

    • 2447 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    “Optimism is essential when trying to do anything difficult because difficult things often take a long time. That optimism can carry you through the various stages as the long term unfolds. And it's the long term that matters”. Entrepreneurship – State of mind than working for yourself. Being Resourceful, Self-Reliant, Problem Solver.…

    • 756 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Business unit 1 revision

    • 3729 Words
    • 15 Pages

    . Ability to spot and take advantage of opportunities- entrepreneurs should be fast at making decisions and taking advantage of golden opportunities.…

    • 3729 Words
    • 15 Pages
    Good 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
  • 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

    When entrepreneurs seize the opportunities to embark on a new venture it should be a product or service that is worth something to their customers, something that is useful that can enhance their lives and provide something to them that they…

    • 1101 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    These words represent one of the strongest motivations by which individuals seek to become entrepreneurs. An entrepreneur can simply be defined as someone who undertakes and operates a business venture. History has shown that many have chosen to chart this course of self employment in a bid to play a role in determining their own destinies. However, the process of undertaking the business venture is where the challenges and problems lie. There are a number of factors that could ultimately lead to the downfall of small businesses such as: the failure to draw a proper business plan, insufficient capital, entry of a new competitor, having a seasonal business; to mention a few. These factors can be grouped as internally generated; when caused by the entrepreneur himself, and externally generated, when caused by outside forces beyond his/her control.…

    • 2728 Words
    • 11 Pages
    Best Essays
  • Good Essays

    But what else does it take to succeed as an entrepreneur, and how should an entrepreneur define success?…

    • 1382 Words
    • 6 Pages
    Good Essays
  • Good Essays

    An entrepreneur is a person who wants to accept, and dare the challenges, and take the risk for him to grow, and create higher opportunities as well for the profits. An entrepreneur personal characteristic is willing to adjust, adapt, and grow. He must be very creative, energetic, outgoing, intelligent, inspired and motivated in his endeavors.…

    • 504 Words
    • 3 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

    Entrepreneurial Competencies

    • 2971 Words
    • 12 Pages

    It is hoped that after reading this module you will actually see the potential of a career in entrepreneurship, and experience a desire to start a venture of your own. At the same time there might be certain inhibitions in your mind whether such a task is feasible, practical and sustainable. For every task one needs certain competencies. In this module you would learn in detail about the entrepreneurial competencies. Whereas competencies reinforce a person’s perception of feasibility of a career option, there also has to be the will and urge, a ‘perception of the desirability.’ Is it not impossible that entrepreneurship has a key role to play in economic development, yet there are very few who ever think of it as a career option? And, it is not that they may be lacking in skills. What one often finds is the lack of motivation! Competencies equip you with the knowledge of how to do (‘know-how’) of entrepreneurial behavior and motivation provides answers to why to do (‘know-why’) of entrepreneurial behavior. You would also be learning about why people opt for entrepreneurship. The question of ‘why entrepreneurship’ is also linked to reward expectations, be these financial, social status or psychological satisfaction. In case of entrepreneurship, successful performance of the venture itself becomes a reward for the entrepreneur.…

    • 2971 Words
    • 12 Pages
    Powerful Essays