How To Become A Successful Entrepreneur Ppt – Point out the available opportunities to a “best-of” opportunity signal for creative ideas and narrow them down to the best ideas. Carefully search for opportunities and ideas. We list the best sources of advice and support and look for potential problems you may encounter. Explore the risks and rewards of being in business. Evaluate these risks and rewards. Please leave a specific problem. Use the resources you need to make your venture a success. Realize that they will have to work long and hard to make their adventure a success. Realize their failures to help them succeed in the future.
3 Hard work Self-employment takes a lot of time and effort. Entrepreneurs have to do a variety of time-consuming tasks. About half of entrepreneurs work eight or more hours a day. This is much less than an office worker’s 8-hour workday. After the given time, he can continue to work and get proper motivation.
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The main reason most entrepreneurs get into business is to achieve financial success. If you want to become an entrepreneur, you need to set goals that you want to achieve. This goal will help you gauge your ability to meet your personal needs throughout your entrepreneurial career.
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5 Family Support Successful entrepreneurs need family support. Married people need the support of their spouses because running a business involves many sacrifices of time and money. Stress can wreak havoc on family relationships. The more positive support you get from your family, the more you can focus on making your business a success.
6 Energetic self-employment requires working long hours. You often cannot control the amount of time you need to complete all the necessary tasks. Entrepreneurs must have the energy to meet the demands of the profession.
Successful entrepreneurs have an inherent sense of responsibility for the results of their ventures. He is responsible for the consequences of his actions and decisions.
8 Risk Takers Entrepreneurs are risk takers. They risk not only their careers but also their time and money to succeed in business. To succeed in self-employment you must be comfortable taking reasonable risks.
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One of the main realities of being self-employed is that you don’t have a monthly salary. Good offices, secretarial assistants, equipment and other job features that meet expectations are no longer available unless you provide them yourself.
10 An Achiever Entrepreneurs have a strong drive to achieve. They shine and try to achieve their goals, although they are quite high. They should be able to set high goals for themselves and enjoy working to achieve them.
11 Independent entrepreneurs like to be independent and in control. Many self-employed people consider the opportunity to be their own boss one of the main benefits of self-employment. However, being independent may not be your main concern. This is definitely an aspect of self-employment that you need to feel comfortable with. If you can’t afford to hire other employees when starting your business, you may feel lonely at first as a self-employed person.
12 Honesty People often point to honesty and integrity as qualities of an entrepreneur. Customers do not want to do business with unscrupulous and unethical business owners. We should think positively about ethical behavior towards people and conduct our business with utmost integrity.
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13 Persistence One of the most important characteristics of an entrepreneur is persistence. This quality is closely related to self-confidence. The more you believe in yourself, the more likely you are to keep fighting for success when faced with daunting obstacles. Every new venture requires determination to overcome the challenges that surround it.
14 Adapt to Change New businesses change rapidly, and entrepreneurs must be able to adapt. Adapting to change requires two basic skills. It is the ability to solve problems and make quick decisions. Another skill is the ability to learn from mistakes.
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Thank you for downloading our free product. A single user can only download up to 2 free products. Upgrade your subscription to a paid subscription to download more products. Thank You Drive and Persistence Need for Achievement Autonomy Risk Taking / Acceptance Measured Risk and Uncertainty Creativity, Innovation and Opportunity Internal Control Materials Small Business Management and Entrepreneurship Stokes, David (David R.); Dr. Wilson Nichols pp44
Acts decisively and sets goals quickly Works hard to achieve goals Always gets bored easily at work Dislikes wasting time
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Positive Temperament Negative Temperament Persistence Dislikes being directed Prefers to work alone Seen by others as stubborn
Positive Attributes Negative Attributes Deciding quickly Acting on incomplete data Reaching one’s abilities and adapting to opportunities Decisions are important, but decisions are not always made. You stick with your decisions when it’s not right.
Positive Traits Negative Traits Questioning Insights Imaginative Solutions Ideas Generation Challenging for Change Likes Constant Change Always wants to improve things Blue-sky-focused head, not short-term success
Positive Traits Negative Traits Controlling your own destiny Creating your own destiny Being confident Seizing opportunities Lacking understanding of the abilities of others This is what you think (self vs environment).
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List these 7 personality traits in order of importance to you and provide an example of when you have demonstrated these traits. Now list these 7 personal qualities in order of your strengths. What personality traits did any of the entrepreneurs in the group exhibit? ?
They take calculated and controlled risks to increase their chances of success.
To identify their goals, they look for something unique that can satisfy a need, satisfy a desire, or “what if?” can solve the problem. or “Why not?”
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14 Goal Orientation When you achieve your original goal, set a new goal and start the process over. Personal satisfaction provides motivation to move forward.
16 Flexibility We can adapt to changing markets, technology and competition. If an idea doesn’t work, we look for other options.
Does not like to be managed by others – often leaves secure jobs
In addition to the 20 entrepreneurial characteristics, entrepreneurs need certain skills to ensure the success of their ventures. You can learn this skill! what are they?
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Communication – listening, speaking and writing Generating ideas Identifying opportunities Planning Structure Decisions Decisions Problem solving Networking Negotiation Ideas Sales Record keeping Leading others Three categories of skills: Interpersonal skills Critical skills and thinking skills Creation Practical skills
Inventor – develops new ideas for products, processes, or services Innovator – improves existing products, processes, or services Manager – sets goals, manages plans Manager – implements plans to achieve goals Leader – Creates vision and communicates with others
Do you have entrepreneurial qualities and skills? SWOT Analysis Challenge: Enterprise (1 & 2) Online Assessment Next Slides – Personal Mini SWOT Analysis Example In strategic planning for projects and business ventures, SWOT analysis looks for strengths, weaknesses, opportunities, and threats.
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