What it takes to be an Entrepreneur

Entrepreneurship is the practice of developing a business. This entails determining the required resources, sourcing and acquiring the necessary resources, financially supporting the business venture, and organizing the whole procedure. Entrepreneurs are educated and qualified professionals who take both the risks and rewards that this business venture entails.

Entrepreneurs must enjoy and have passion for their business and be excited about embarking on their journey as leader and manager of their own company. If entrepreneurs are not enthusiastic about or believe in their business, this will be reflected in the success (or lack thereof) of their company.

Entrepreneurs generally have a post-secondary education, such as a bachelor’s or master’s degree in business, economics, finance, or accounting. During their academic career, they will have gained knowledge in areas such as business law and ethics, microeconomics, macroeconomics, organizational behavior, organizational psychology, accounting principles, management theory, marketing and advertising, market trends and research, business policy and strategy, and venture capital. Upon completion of a graduate degree program, it is extremely beneficial to gain hands-on experience. In order to acquire this, recent graduates may work under the supervision of an experienced and qualified entrepreneur of a successful company. After gaining a graduate degree and some work experience, they are best prepared to pursue their own business venture.

In addition to education and work experience, there are certain skills which are essential for success as an entrepreneur. Entrepreneurs must have positive leadership skills. They must be able to motivate and encourage employees as well as lead by example. Exceptional customer-service skills are extremely important. All activities and operations performed in the company must be customer-focused, since customers are ultimately the people who decide the success of a company. Good technical skills are also necessary. Companies must be up-to-date in our high-tech world and use these resources to their advantage. Entrepreneurs must have great interpersonal and communication skills. They must be able to convey their ideas and opinions in a constructive way and be able to actively listen to others’ ideas and opinions as well. Entrepreneurs may deal with numerous issues and concerns on a daily basis therefore the ability to solve problems effectively, efficiently, and in a timely fashion is critical.

Those who excel in the bachelor’s and master’s degree program in business, gain on-the-job experience, and encompass the skills and personality traits mentioned above, will no doubt be successful in this demanding, challenging, and rewarding profession.

The following link is to a site that will give you more information regarding a career as an entrepreneur.


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Mark Shaftsbury

About Mark Shaftsbury

Mark Shaftsbury has a background in economics and found a passion for writing after a long career abroad. He currently lives in the USA and works for a very well-known American company. He writes articles which involve his knowledge in the business industry as well as articles about education. He is a baseball enthusiast and may be found online blogging about his favorite baseball teams as well as his daughter's journey through life.

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