Photo by Austin Distel on Unsplash
Hello there! Today we want to consider essential entrepreneurship characteristics that any entrepreneur should develop. Candidly, no one starts an entrepreneurial investment with the agenda to fail. Everyone desires success. Don’t you agree? The entrepreneurship endeavor requires some vital characteristics for one to be successful. This is the reason why not many individuals can venture along this line, rather preferring to do something else. Characteristics are more inherent in nature, but skills can be learnt. Conceiving, creating, organizing and growing any business enterprise requires some good entrepreneurial characteristics.
So, what are these essential characteristics? Let’s take a look.
Enterprises globally today employ MBA graduates due to their abilities to do business management and administration – involving organization and planning. We often hear people talk about the business plan. Most probably when you go to the bank for money to finance your business (you know those irritating list of requirements), the bankers want to see some form or organization and plan in your business – otherwise they could imagine a form of disaster dressed with a business name. David Sarokin’s article entitled Why Is Planning an Important Step in Starting a Business? emphasizes this point I’m making here. With this essential entrepreneurship characteristic of organization and planning, you set your eyes on your vision and mission, with your goals and objectives, and you are also decisive towards your progress.
Look Mr. Entrepreneur – management involves planning, organizing, leading, staffing and controlling an enterprise – as per the management experts, but you are free to come up with your version of management if you like. The leading and staffing components could be handled under the people person characteristic above, but this still leaves you with the planning, organization and controlling elements which I deal with in this last point. Are you following me?
I’ve written quite a bit today – and for this purpose I will make a swift ending here. I don’t want you to run away from this blog due to the long posts. Ok?
With every good wish, and stay safe!
The Wise Entrepreneur