What exactly is meant by an entrepreneur? An individual ready
to take on financial risks and is ready for venturing into new financial
projects for profit is an entrepreneur and a person who holds seriously the
responsibility for the risks as well as outcome which are incurred in a
project. Melie Ilogu is one of the
passionate entrepreneurs who successfully created his business.
Being an entrepreneur is one of the most difficult and
challenging, yet rewarding undertakings that a person can venture into. The
situations are very rarely in favor of the entrepreneur so certain traits are
required to be a successful entrepreneur. Let's examine some of the traits that
are essential for an entrepreneur to be successful like Melie Ilogu.
Focused or Confused. Entrepreneurs need to be thoroughly
focused on. The focus must be on the goals and aims they want to achieve. The goals
set by them should focus on satisfying customer needs and requirements. I
am a firm believer that if you help others to get what they want you will
eventually get what you want. Entrepreneurs should also focus on rendering
motivation to his employees, teammates, or associates which in turn can make
the customers satisfied and build the business.
Vision with a Plan. The next essential trait that must be
possessed by an entrepreneur is vision. It is an entrepreneur's vision that
helps them foresee where they want their venture to be positioned in the future.
The vision should be framed in such a way that it is realistic and achievable.
The entrepreneur should be able to communicate this vision to employees or
associates who also in turn should be passionate about the vision.
Leadership. The third buzz word for being a successful
entrepreneur is to be a good leader. An entrepreneur cannot work alone for his
goals to be successful. With a focused team and vision in hand, synergy are
accomplished. It is teamwork that needs proper guidance. A team does not
succeed unless it has a leader who works hard and who is able to identify the
needs of the team and guide them towards their vision.
Persistence and Passion. Lack of passion is something that
will never give you success. Anything you do must be done whole-heartedly and
sincerely combined with lots of passion. Similar is the case with persistence.
There is no shortcut to victory. Only hard work which comes with a strong
determination of being successful yields victory. There will be times where you
feel that you are yielding out yourself, but if you possess a very strong will
power and are very passionate about what you do then victory will definitely be
yours.
Technical Skills. Even though you are an entrepreneur or the
boss of your firm, it does not imply that you need not have any idea regarding
the technical aspect of the firm. Entrepreneurs need not be the greatest
technical assets of the company, but they should have enough technical
knowledge to lead the technical team. They should be able to understand what
the technical team is communicating so that they can work together for
achieving the vision.
Flexibility. Last, but not the least, entrepreneurs should
be able to adapt themselves to the ever-changing dynamic world. Even though
they will have to stick on to certain policies and skillsets, they must make
sure that the policies and strategies are molded in such a way that they can
adapt to the constantly changing environment.
Are all these skills in born or can they be acquired? There
are varying opinions. While there are people who believe that there are quite a
few traits that can be acquired by experiences, there are others who think
they are in-born. This is where continued education is a must. An entrepreneur
must identify strengths, focus on them, and then continually become educated in areas
for improvement. Melie Ilogu
educating people to be a successful entrepreneur.
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