8 Traits Of The Perfect Entrepreneur

If you’ve considered the possibility of becoming an entrepreneur there are eight traits that are important in describing the perfect entrepreneur.

1. Risk Taker Entrepreneurs understand that in order to make a profit they will need to assume a certain level of financial risk.

2. Business Manager Entrepreneurs have a keen understanding of finance and are well equipped to manage the finances of a business.

3. Organizer Entrepreneurs are well equipped in the area of organizing all aspects of the business for current and long-term growth.

4. Marketing Expert Entrepreneurs are capable of understanding and implementing marketing strategies both online as well as offline.

5. People” Person Entrepreneurs love to interact with people. They are proficient in customer service and have never met a customer they didn’t like.

6. Self Starter Entrepreneurs understand that if something is going to be done right they need to be the one to do it. They are never lazy and are easily motivated.

7. Knowledgeable Entrepreneurs understand the products and services they sell and have no problem explaining every facet of their business to interested clients or affiliates.

8. Initiator Entrepreneurs are ready, willing, and able to take the lead on projects and assemble all the plans needed to move forward with any project. They always get more work done than anyone expects.

The truth is there are relatively few entrepreneurs that have all the skills listed above, yet their businesses are not only surviving, but their ideas are flourishing.

How do they do it?

Sometimes the best tool an entrepreneur can have is to pull together the right team. Very few people are gifted in all areas of business, so it just makes sense to find individuals that are a compliment to your business objectives. If you are strong in one area search out individuals who are strong in the areas where strength is required.

Chances are good that you will learn something from your employees while you work together to capture your vision for business success.

The World’s Most Perfect Entrepreneur is one that knows how to manage resources. Sometimes that means knowing when to call in reinforcements and not being embarrassed to acknowledge your areas of weakness.

In essence a weakness in an area of entrepreneurialism does not have to mean an end to a dream. It simply means finding the right running mates to give you a fighting chance at making it to the finish line.

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8 Traits Of The Perfect Entrepreneur

If you’ve considered the possibility of becoming an entrepreneur there are eight traits that are important in describing the perfect entrepreneur.

1. Risk Taker Entrepreneurs understand that in order to make a profit they will need to assume a certain level of financial risk.

2. Business Manager Entrepreneurs have a keen understanding of finance and are well equipped to manage the finances of a business.

3. Organizer Entrepreneurs are well equipped in the area of organizing all aspects of the business for current and long-term growth.

4. Marketing Expert Entrepreneurs are capable of understanding and implementing marketing strategies both online as well as offline.

5. People” Person Entrepreneurs love to interact with people. They are proficient in customer service and have never met a customer they didn’t like.

6. Self Starter Entrepreneurs understand that if something is going to be done right they need to be the one to do it. They are never lazy and are easily motivated.

7. Knowledgeable Entrepreneurs understand the products and services they sell and have no problem explaining every facet of their business to interested clients or affiliates.

8. Initiator Entrepreneurs are ready, willing, and able to take the lead on projects and assemble all the plans needed to move forward with any project. They always get more work done than anyone expects.

The truth is there are relatively few entrepreneurs that have all the skills listed above, yet their businesses are not only surviving, but their ideas are flourishing.

How do they do it?

Sometimes the best tool an entrepreneur can have is to pull together the right team. Very few people are gifted in all areas of business, so it just makes sense to find individuals that are a compliment to your business objectives. If you are strong in one area search out individuals who are strong in the areas where strength is required.

Chances are good that you will learn something from your employees while you work together to capture your vision for business success.

The World’s Most Perfect Entrepreneur is one that knows how to manage resources. Sometimes that means knowing when to call in reinforcements and not being embarrassed to acknowledge your areas of weakness.

In essence a weakness in an area of entrepreneurialism does not have to mean an end to a dream. It simply means finding the right running mates to give you a fighting chance at making it to the finish line.

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Social Entrepreneurs

Many will view the world of entrepreneurialism as a means of developing a business to supply the financial requirements of household needs. The prevailing dream of most aspiring entrepreneurs is to work for themselves without the need to answer to a boss.

There is, however, a culture of entrepreneurs who not only seek to become self-sufficient in the business ventures, but they also seek to be agents of societal change.

The Schwab Foundation awards 30 international entrepreneurs with a Social Capitalist Award for not only succeeding in their profession, but also providing a sense of positive societal change.

The 2006 American Social Entrepreneur of the year winner was Kyle Zimmer and a company called First Book. This company has a desire to see low income children have every opportunity to read and own books of their own.

Statistics indicate…

61% of low-income families have no age-appropriate books in the home
80 percent of preschool and after-school programs that serve this group have no books at all for these children
There are 181,500 such programs in US cities with populations exceeding 50,000 alone
The children’s book market is a $27 billion industry with over 460 million books sold annually
In 2002, just 34.5 % of US households purchased at least one children’s book

The entrepreneurs at First Book have worked to provide new children’s books for less than $2.00 per copy to programs dealing with low-income children.

Because First Book is able to sell in mass quantities to grateful literacy programs they have a significant budget that allows them to provide books to severely disadvantaged children at no cost.

Reports indicate First Book has given away more than 43 million books since it’s inception in 1992.

First Book has shown it is possible to develop a business that allows you to do what you love and be paid to do so. They have also shown that they can take the passion of an entrepreneur and combine it with a desire to affect future generations in a positive way.

Finding the right business is discovering an underserved market and developing a solution to needs that haven’t been addressed elsewhere.

There are thousands of global social entrepreneurs who are giving back to their local, national and global communities.

In an era of governmental cutbacks and reduced budgets many of these social entrepreneurs are finding great satisfaction in contributing in a meaningful way to the things they are most interested in. The prospects are limitless and often provide a greater sense of satisfaction to those who include ‘others’ as part of their business plan.

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