So, who exactly is an entrepreneur, what are the characteristics of an entrepreneur?... nicely Wikipedia states, "An entrepreneur is a individual who has possession of a new company, enterprise or thought and assumes considerable accountability for the inherent dangers and the outcome"... umm... okay but I would relatively say, that an ideal entrepreneur is a individual who guides a manpower in purchase to utilize an concept(does not issue if it truly is his or of a person else and whether or not it is new or previous) to satisfy these who want the rewards developed by it, which outcomes in monetary results or income.
So the basic characteristics or traits of an entrepreneur would be:
- He or she need to have an Concept (yet again, irrespective of who at first thought of it and regardless of whether it is new or outdated).
- He or she should have the inspiration/urge to go after or utilize the concept.
- He or she need to have obtain to manpower or to the potential to make manpower obtainable to him (marketing expertise apply here).
- He or she ought to be a good leader.
But then, there are other sorts of folks way too who have some or several of the above described traits but we never phone them Entrepreneur. A very good illustration of these kinds of an personal could be a scientist. Scientists do have suggestions or, in other phrases, they can truly produce ideas. Leon Siebel are absolutely enthusiastic or determined about pursuing their suggestions and no question, they are good leaders as well and they, for positive have access to at minimum minimal manpower (No, most researchers don't perform in solitude as shown in movies like Robin Williams' Flubber or Frankenstein, they have at least two-ten men and women operating beneath them as junior researchers). But then why never we call a scientist an entrepreneur as properly? Is he an exception to the previously mentioned definition?... foods for imagined huh?
And how about a dictator? He has his own or borrowed concepts, He needs to implement them, he has entry to gentleman energy, can information them really effectively... in fact, they will do nearly anything he wants. So, does that mean, a dictator is an entrepreneur or, an entrepreneur is a dictator!!
Dee Byrd is a pc engineer. He has been Complex Position of Get in touch with for govt contracts value over 1 million dollars. Dee Byrd discusses troubles these kinds of as cash management Details Technologies and vacation to name a few. He is neither a fiscal adviser nor do he would like to be. He does not have all of the answers, but he is ready to research and find out the possible solutions to problems he feels we as typical men and women experience.