Wendy’s Coach You To Success Blog

What comes to mind when we come across the word entrepreneur or entrepreneurship? To the ordinary person, entrepreneurship is equated to business. In other words, it refers to the simple exchange of goods or services for money. Entrepreneurship = Business = Money; that is the average person’s definition of entrepreneurship.

The above definition or equation is also the kind of definition or mindset that characterizes the ordinary business, businesses without a clear vision of the future. It is also descriptive of a business that has no clarity regarding its future.

But to the discerning businessperson, entrepreneurship is more than just making money. He knows what business to establish, in what location, and at what time. Such a businessman is the true entrepreneur.

In other words, the actions and actions of the entrepreneur are well-planned. He charts his business path very carefully. He knows when to take risks, usually calculated risks, for high stakes. What distinguishes the entrepreneur from the ordinary businessman is his ability and desire to bring the business environment to a win-win situation; for all players, if possible.

How does the entrepreneur manage to “create” such an ideal business environment? The answer lies in innovation. An entrepreneur never stops looking for better ways to do things. He is not deterred by dead ends. He does his best to see through thick walls blocking his path, and goes around the wall if that would prove economical and effective.

A true entrepreneur could even be, to a degree, obsessed with efficiency. Efficiency affords him optimum use of his and other people’s resources. In short, an entrepreneur is both a scientist and an artist rolled into one, which makes him also a very successful businessman.

What are the other traits an entrepreneur must possess in order to be successful and be worthy of the title? There are at least ten entrepreneurial characteristics that one must possess to qualify for the status of the true entrepreneur. The true entrepreneur must:

• Constantly seek opportunities.
• Always be persistent.
• Keep a high level of commitment to work agreements or contracts.
• Need/requirement for quality and efficiency.
• Take calculated risks.
• Know how to sensibly set goals.
• Continually seek information regarding past, current, and future trends to help him chart his direction and vision.
• Possess systematic planning and monitoring skills.
• Be able to craftily persuade and collaborate with individuals and organizations to create a network of relevant and similarly inclined partners or would-be partners.
• Possess enough self-confidence in his own abilities, skills, and talents.

With the list mentioned above, we can now visualize a picture of the true entrepreneur – a picture of a charismatic hands-on business leader and practitioner. When you visualize it, the picture seems to be that of an awesome person whose stature ordinary men cannot achieve. However, most of the time, it is just the average guy like you and me who is a great entrepreneur.

Having mentioned that each of us has some of the characteristics that go into making the entrepreneur, you may now ask yourself as to why you are not that person yet. There could be many reasons for this. Having the talent and actually utilizing it are two totally different things. Then again, there come other small but relevant questions pertaining to such things as confidence, desire, and a whole lot of other traits all of us do not definitely possess in equal measures.

That is why we are not all successful entrepreneurs but the ones who have the qualities listed above are.

Wendy Stevens, Nashville, TN, as a single mom vaulted to the top of the Direct Sales Industry in 8 months. Wendy is a former 3-time Division I All American Lacrosse Player, NCAA Division I National Champion and Division 1 NCAA Head Coach. Wendy is one of the top 1% earners in the entire direct sales industry. As Marketer, Trainer and Speaker, Wendy is in demand nationally. She earned 7 figures in networking marketing. For information on Wendy, visit www.coachyoutosuccess.com

Popularity: 13%

This entry was posted on Wednesday, November 14th, 2007 at 6:12 pm and is filed under Home Based Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.