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Essential Traits to a Successful Entrepreneur

January 6, 2010 by Simon Haggard

What exactly is meant by entrepreneur? An individual ready to take on financial risks and is ready for venturing into new financial projects for profit is an entrepreneur and a person who holds seriously the responsibility for the risks as well as outcome which are incurred in a project.

Derived from French words ‘entre’ and ‘prendre’, which mean to enter and to take respectively, the word was introduced in English for the first ever time by Richard Cantillon, who was a renowned Irish economist. He defined entrepreneur as a person who acts as the middle-man between labor and capital.

Being an entrepreneur is one of the most difficult and challenging, yet rewarding undertakings that a person can venture into. The situations are very rarely in favor of the entrepreneur so certain traits are required to be a successful entrepreneur. Let’s examine some of the traits that are essential for an entrepreneur to be successful.
Focused or Confused

Entrepreneurs need to be thoroughly focused. Focus must be on the goals and aims they want to achieve. The goals set by them should focus on satisfying the customer needs and requirements. I am a firm believer that if you help others to get what they want you will eventually get what you want. Entrepreneurs should also focus on rendering motivation to his employees, team mates or associates which in turn can make the customers satisfied and build the business.
Vision with a Plan

The next essential trait that must be possessed by an entrepreneur is vision. It is an entrepreneur’s vision that helps them foresee where they want their venture to be positioned in future. The vision should be framed in such a way that it is realistic and achievable. The entrepreneur should be able to communicate this vision to employees or associates who also in turn should be passionate about the vision.

Leadership

The third buzz word for being a successful entrepreneur is to be a good leader. An entrepreneur cannot work alone for his goals to be successful. With a focused team and vision in hand synergy is accomplished. It is team work which needs proper guidance. A team does not succeed unless it has a leader which works hard and who is able to identify the needs of the team and guide them towards their vision.

Persistence and Passion

Lack of passion is something that will never give you success. Anything you do must be done whole-heartedly and sincerely combined with lots of passion. Then only, you will be able to achieve success. Similar is the case with persistence. There is no shortcut to victory. Only hard work which comes with a strong determination of being successful yields victory. There will be times where you feel that you are yielding out yourself, but if you possess a very strong will power and are very passionate about what you do then victory will definitely be yours.

Technical Skills

Even though you are an entrepreneur or the boss of your firm, it does not imply that you need not have any idea regarding the technical aspect of the firm. The entrepreneurs need not be the greatest technical assets of the company, but they should have enough technical knowledge to lead the technical team. They should be able to understand what the technical team is communicating so that they can work together for achieving the vision.
Flexibility

Last, but not the least, entrepreneurs should be able to adapt themselves to the ever-changing dynamic world. Even though they will have to stick on to certain policies and skill sets, they must make sure that the policies and strategies are molded in such a way that they can adapt to the constantly changing environment.

Are all these skills in born or can they be acquired? There are varying opinions. While there are people who believe that there are quite a few traits which can be acquired by experiences, there are others who think they are in-born. This is where continued education is a must. An entrepreneur must identify strengths, focus on them and then continually become educated in areas for improvement.

Make sure to comment and share…

Filed Under: Business, Inspiration, Personal Development Tagged With: business opportunities, business success, entrepreneurship, Financial Freedom, home based businesses, home business, home business opportunities, home business opportunity, polaris, polaris business, polaris global, polaris global marketing, polaris global media, polaris global warning, Polaris Media Group, polaris media group scam, polaris scam, polaris success, polaris warning, work leadership

True Leadership Is About Standing Steadfast In Your Vision!

December 8, 2009 by Simon Haggard

This topic is one of that reigns true to me in the industry that I am both passionate about and participate in, Network Marketing!
When making decisions for yourself and being a leader ask yourself the following Questions.

Question Yourself ….. (Neil Petterson)
1/ Is it Good For Me ?
2/ Is It Good For My Family ?
3/ Is It Good For My Community ?
4/ Is It Good For My Future ?

The Personal Development industry provides us with direction, motivation and clarity of purpose. Provides a reason to be grateful…..
What is the vision for ourselves ? What does this look like for us ?
What Vision am I personally creating ?
What can I offer to others? What difference can I make to others ?

Here are some ways to remain focussed with clear vision….
Create a Vision Board
Daily Affirmations
Create Your Goals
Daily Vizualization
Reading Personal Development Books
Using your Beyond Freedom program
Do things that make you feel good – this generates endorfins
Plan your day and follow your plan – Daily Method of Operation
Network with Positive like minded successful people

Three “Musts” for Every Business

1/Know Your Business and Products

2/Focus

3/Persistence.

Filed Under: Business, Personal Development Tagged With: business opportunities, business success, entrepreneurship, Financial Freedom, home based businesses, home business, home business opportunities, home business opportunity, polaris, polaris business, polaris global, polaris global marketing, polaris global media, polaris global warning, Polaris Media Group, polaris media group scam, polaris scam, polaris success, polaris warning, work leadership

Get What You Want In Life…..

November 20, 2009 by Simon Haggard

Whilst wanting to create success in life, we are hindered by our belief system within ourselves and what is truly possible for us, with in that state of thinking.

So when reaching some decisions and crossroads in your life you must first look within your self for some answers.
So Ask Yourself
Am I happy with my current life now ?
What am I able to do to change it ?
What If ?
What truly is possible ?

So Once you have answered these simple questions, its time to put a plan in place.
In order to gain self confidence then we must first build confidence in ourselves. Now at this point in time our best thinking and decisions have got us to where we are currently at in our life. These decisions whether right or wrong or in fact in hinesight we would change, reality is they are the decisions our best thinking made.

So lets get some self education to improve that thinking and look at how to succeed by making better educated informed decisions for our future. Ability is important in our quest for success, but dependability is critical.

Here is a Famous Quote from Zig Ziglar
“Success is one thing you cannot pay for. You buy it on the installment plan and make payments everyday”

So if you are looking for a change and looking to create success in your life then start with self education.

Will Smith Talks About Success and our Choices

Filed Under: Business, Personal Development Tagged With: business opportunities, business success, entrepreneurship, Financial Freedom, home based businesses, home business, home business opportunities, home business opportunity, polaris, polaris business, polaris global, polaris global marketing, polaris global media, polaris global warning, Polaris Media Group, polaris media group scam, polaris scam, polaris success, polaris warning, work leadership

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