How To Become An Entrepreneur? (Part II)

By First Posted: Dec 19, 2008 Fri 7:01 PM Updated: Dec 19, 2008 Fri 7:08 PM
How To Become An Entrepreneur? (Part II)
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Ashvini has been working for a HR Consultancy since the last 3 years. After a recent showdown with her immediate boss, Ashvini has been feeling rather put off. She is plagued by thoughts of resigning and giving a piece of her mind to that boss of hers. After all, if she worked as hard for herself, as she does for her employer…wouldn’t she be making much more money?

Ever year many people like Ashvini give up their jobs to start something of their own. While a few do it for passion, a few do it for better money, but most people just “want to be their own bosses”.

Who Is The Boss?

Most people are under the incorrect belief that “you are your own boss” if you run a business. This is the farthest from what reality is. When you work in a steady job, you have one boss to pander to. But when you are in business, every client is your boss. You have to pander to the demands of all your clients, plus you have to keep the workforce happy. So are you really the boss?

Qualities Of Entrepreneurs

If you’ve decided that working for yourself works best for you, here’s a list of qualities that you need to develop if you don’t already have them…

Innovation: Though it may not be possible to develop this trait, it is one of the defining qualities of an entrepreneur. Perhaps it might help if you try a little “thinking out of the box” when looking for solutions to problems. Creativity and open mindedness is essential for entrepreneurship.

Risk Vs. Gambling: An entrepreneur is essentially a person who is open to taking risk. But more importantly, she knows how to differentiate between risk taking and gambling. There is a thin line between the two, which an entrepreneur does not cross.

Passion: The “chalta hai” attitude doesn’t work for an entrepreneur. Whatever she does, she does with passion and zeal. A burning desire for success drives the entrepreneur to workaholism or something like it.

Focus: The initial struggle to succeed is so difficult usually that it demands complete focus. An entrepreneur has to make several sacrifices for her venture to succeed.

Decisiveness: An entrepreneur makes quick and reliable decisions. This comes from experience and good judgment, coupled with the risk taking ability.

Tough & Hardy: The struggle to success is often very stressful. Do you think you will be able to handle the stress? Long working hours, little rest, running around on your toes all day long, and pandering to myriad people…it’s a tough life!

Responsibility: When you start a business, you have to take complete responsibility for yourself, your venture, your workforce, everyone. Are you mature enough to handle this great responsibility?

People Managers: Entrepreneurs know how to handle their people skillfully. From subordinates to clients to vendors, entrepreneurs keep everyone happy.

Proactive: Entrepreneurs do not wait for things to happen to them. They are always doing things and driving circumstances. They do not react to problems, but foresee them and act before the problem arrives. They are great at identifying opportunities as well as threats in the environment.

So, what do you think? Do you have it in you to become a successful entrepreneur? If you think so, why don’t you try to polish your entrepreneurial skills and look for an opportunity to put them to use? Good Luck!!!

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