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Introduction To Becoming an Entrepreneur

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       Introduction To Becoming                 an Entrepreneur

 

An Entrepreneur is “a person who starts a business and is willing to risk loss in order to make money. " You are never too young or too old to start your own business.

 

With a one-in-a-million idea, your dreams can turn into big profits.

It’s all about taking the first step through finding an idea, doing the research, and knowing that you are learning along the way.  Mistakes come with learning.

 

Some people hit the ground running toward success but others have to start off finding an idea.

 

Finding the right idea is one of the most important aspects of becoming an entrepreneur.

Keep this in mind, after you start a business It Is important to apply the FLON CARE principle, which is…

Stay Committed, Accountable, take full Responsibility and a have a lot of Enthusiasm (C.A.R.E.).  Enthusiasm means having a good attitude and getting satisfaction from getting things done while pursuing your dreams.

Characteristics and Skills that an Entrepreneur need to be Successful

 

Risk –Takers:  Entrepreneurs are risk-takers.  A tolerance for risk-taking is a necessary attribute for entrepreneurs 

 

Creativity:  To name a few Steve Jobs, Oprah Winfrey, Warren Buffet, Mark Zuckerberg and other successful business men and women, had very creative ideas that has produced millions and billions of dollars.  

Initiative:  Entrepreneurs lead. If you are not willing to start without being pushed, your new business may not get off the ground.

 

Independence is a paramount attribute for entrepreneurs. Nobody holds an entrepreneur's hand, and they don't want any handholding.

 

Problem-solving skills are a process of achieving a goal by overcoming obstacles, using critical thinking, decision-making, creativity, and information processing.

 

Organizational Skills: these are your abilities to manage time effectively, prioritize tasks, set goals, and develop systems for achieving those goals.

 

Communication:  Entrepreneurs must be able to effectively communicate with potential lenders, investors, business partners, and customers. Sooner or later, most businesses will need capital to grow.

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