Jan
13

Seven vital tips for success for aspiring entrepreneurs

The term entrepreneur was coined in France over 200 years ago. According to Wikipedia “an entrepreneur is a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome”.The challenges that faced entrepreneurs in the 1800′s have not changed significantly. There any many who chose this path and failed, as well as, many who chose not to try. However, there are many who have succeeded, improved their standard of living, introduced innovation, new products and services, provided jobs and significantly catalysed economic change.From my observation of and interaction with successful entrepreneurs I discovered seven characteristics they all have in common:VISIONEvery one of the successful entrepreneurs that I have had the pleasure to meet all had a clearly defined vision. Once they defined this vision, they were all abl loan amortization calculator e to articulate, share it, sell it and live it.Sometimes this vision or idea comes to you in the shower, or when you are asleep, and it hits when you are least thinking about it. Learn to pay attention to your subconscious, keep a note pad handy, so you can capture thoughts, inspirations, or ideas.In order to be a successful entrepreneur you must recognise your vision and be willing to commit to it!BOLDTo be a successful entrepreneur, you must be bold. According to captain Kirk of the Star Trek Enterprise you must “boldly go where no man has gone before”.Bill Gates was an entrepreneur that was bold, one who left Harvard before graduation to form Microsoft, and to create software such as Windows.He could have chosen the safe path, graduated, found a highly paid job and be “successful”, but because he was bold, he chose another path and became one of youngest self made billionaires in history.

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