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Are You An Entrepreneur?
What Traits and Characteristics Make a Successful Entrepreneur?
Numerous studies have been made of small business managers over the
years. Many look at traits and characteristics that appear common to most
people who start their own businesses. Other studies focus on characteristics
that seem to appear frequently in successful owner-managers.
First, consider those characteristics that seem to distinguish the person who
opens a business from the person who works for someone else. These studies
investigated successful and unsuccessful owners, some of whom went
bankrupt several times. Some were successful only after the second or third try.
The characteristics they share might almost be said to predispose a person into
trying to start a business. Of course, not all of these characteristics appear in
every small business owner-manager, but the following seem to be most
predominate.
People who start their own business may be members of different political
parties, feel differently about religion, economics and other issues. They are like
everyone else. The difference is they usually feel and express themselves more
strongly. This is consistent. If you are going to risk your money and time in your
own business you must have a strong feeling that you will be successful.
These strong feelings may also cause problems. If you want to start your own
business you probably have mixed feelings about authority. You know the
manager must have authority to get things done, but you're not comfortable
working under someone. This may also have been your attitude in a scholastic,
family or other authority structure.
If you want to open your own business you are likely to have a strong "Need for
Achievement". This "Need for Achievement" is a psychologist's term for
motivation and is usually measured by tests. It can be an important factor in
success. The person who wouldn't think of starting a business, might call you a
plunger, a gambler, a high risk taker. Yet you probably don't feel that about
yourself.
Studies have shown that very often the small business owner doesn't differ from
anyone else in risk avoidance or aversion when measured on tests. At first
thought this seems unreasonable since logic tells us that it is risky to open your
own business. A management expert once explained this apparent
contradiction very simply. "When a person starts and manages his own
business he doesn't see risks; he sees only factors that he can control to his
advantage." If you possess these traits to some degree or other it doesn't mean
you will be successful, only that you will very likely start your own business.
Some of these characteristics in excess may actually hamper you if you are not
careful.
The characteristics that appear most frequently among "successful" small
business managers include drive, thinking ability, competence in human
relations, communications skills and technical knowledge.
Drive, as defined in the study, is composed of responsibility, vigor, initiative,
persistence and health.
Thinking ability consists of original, creative, critical, and analytical thinking.
Competency in human relations means emotional stability, sociability, good
personal relations, consideration, cheerfulness, cooperation. and tactfulness.
Communications skills include verbal comprehension, and oral and written
communications.
Technical knowledge is the manager's comprehension of the physical process
of producing goods or services, and the ability to use the information
purposefully.
Motivation or drive has long been considered as having an important effect on
performance. Psychologists now claim you can increase the motivation and the
personal capacities that will improve your effectiveness and increase your
chances for success. Much of the development of such achievement motivation
depends on setting the right kind of goals for yourself.
Listen to our opportunity presentation then call us @ 1 (888) 513 9953
Opportunity / Job Line
1 (212) 461 8632
Product Line
1 (212) 990 6227
VIEW OUR PRESENTATION
Numerous studies have been made of small business managers over the
years. Many look at traits and characteristics that appear common to most
people who start their own businesses. Other studies focus on characteristics
that seem to appear frequently in successful owner-managers.
First, consider those characteristics that seem to distinguish the person who
opens a business from the person who works for someone else. These studies
investigated successful and unsuccessful owners, some of whom went
bankrupt several times. Some were successful only after the second or third try.
The characteristics they share might almost be said to predispose a person into
trying to start a business. Of course, not all of these characteristics appear in
every small business owner-manager, but the following seem to be most
predominate.
People who start their own business may be members of different political
parties, feel differently about religion, economics and other issues. They are like
everyone else. The difference is they usually feel and express themselves more
strongly. This is consistent. If you are going to risk your money and time in your
own business you must have a strong feeling that you will be successful.
These strong feelings may also cause problems. If you want to start your own
business you probably have mixed feelings about authority. You know the
manager must have authority to get things done, but you're not comfortable
working under someone. This may also have been your attitude in a scholastic,
family or other authority structure.
If you want to open your own business you are likely to have a strong "Need for
Achievement". This "Need for Achievement" is a psychologist's term for
motivation and is usually measured by tests. It can be an important factor in
success. The person who wouldn't think of starting a business, might call you a
plunger, a gambler, a high risk taker. Yet you probably don't feel that about
yourself.
Studies have shown that very often the small business owner doesn't differ from
anyone else in risk avoidance or aversion when measured on tests. At first
thought this seems unreasonable since logic tells us that it is risky to open your
own business. A management expert once explained this apparent
contradiction very simply. "When a person starts and manages his own
business he doesn't see risks; he sees only factors that he can control to his
advantage." If you possess these traits to some degree or other it doesn't mean
you will be successful, only that you will very likely start your own business.
Some of these characteristics in excess may actually hamper you if you are not
careful.
The characteristics that appear most frequently among "successful" small
business managers include drive, thinking ability, competence in human
relations, communications skills and technical knowledge.
Drive, as defined in the study, is composed of responsibility, vigor, initiative,
persistence and health.
Thinking ability consists of original, creative, critical, and analytical thinking.
Competency in human relations means emotional stability, sociability, good
personal relations, consideration, cheerfulness, cooperation. and tactfulness.
Communications skills include verbal comprehension, and oral and written
communications.
Technical knowledge is the manager's comprehension of the physical process
of producing goods or services, and the ability to use the information
purposefully.
Motivation or drive has long been considered as having an important effect on
performance. Psychologists now claim you can increase the motivation and the
personal capacities that will improve your effectiveness and increase your
chances for success. Much of the development of such achievement motivation
depends on setting the right kind of goals for yourself.
Listen to our opportunity presentation then call us @ 1 (888) 513 9953
Opportunity / Job Line
1 (212) 461 8632
Product Line
1 (212) 990 6227
VIEW OUR PRESENTATION
Do you want to know more?
Give us a call and we will invite you
to our LIVE CONFERENCE CALL
Do not expect to find this number
on ANY WEBSITE.
This is an exclusive number for
those who know the value of time.
You must be invited.
If you're serious call for the invite
(888) 513 9953
to our LIVE CONFERENCE CALL
Do not expect to find this number
on ANY WEBSITE.
This is an exclusive number for
those who know the value of time.
You must be invited.
If you're serious call for the invite
(888) 513 9953
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The Call That Changes Lives
So many people have called our
offices thanking us for the
opportunity that has changed
their life.
If you would like to be one of
these people call the # below
Opportunity / Job Line
1 (212) 461 8632
Product Line
1 (212) 990 6227
offices thanking us for the
opportunity that has changed
their life.
If you would like to be one of
these people call the # below
Opportunity / Job Line
1 (212) 461 8632
Product Line
1 (212) 990 6227
South Beach Credit "Securing Your Financial Future"