Friday, July 12, 2013

All Great Entrepreneurs Have This




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Jul 12, 2013

All Great Entrepreneurs Have This

Management skills don't make an entrepreneur great. Neither does access to capital or innovative thinking. It's something much more simple.
Color Conscious Sass
Dacian Groza
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What makes an entrepreneur successful?
Some people believe it's the ability to innovate. However, many startups are refinements of existing business models or improvements on how everyday products and services are delivered.  Being innovative helps, but it's not the deciding factor.
How about access to capital? It's admittedly difficult to start a business if you don't have the money to get it started.  Even so, there are plenty of successful startups that survived on the thinnest of shoestrings for their first few years.
Management skill? Give me a break. Entrepreneurs are famously short-tempered and few have the patience to coach employees.  If they wanted to play politics, after all, they would be working in a big company, not starting something new.
There is one thing and one thing alone that every great entrepreneur absolutely must possess: courage.
And courage is very rare in our world.  Numerous surveys of the population at large have shown that, above everything else, most people value security.
Most people will tolerate just about anything--a bad marriage, an intrusive government, a horrible boss, a job that they hate--if only that thing can make them feel more secure.
It's sad, really.
But entrepreneurs aren't like that.
It takes courage to forego the predictability of a corporate job.
It takes courage to sacrifice your nest egg to your startup.
It takes courage to take the risk of failure.
It takes courage to make your dreams into reality.
And it takes courage--lots of it--to hand over the reins when your startup grows beyond your ability to manage it.
That's why entrepreneurs are--rightly--the true heroes of our modern world.


Geoffrey James is seeking out Sales Source readers to review advance chapters of his forthcoming book, Business Without the Bullsh*t. If interested, email: gj @ geoffreyjames dot com. @Sales_Source




swit resh · Friday at 9:34am
if you think Ray`s story is impossible..., 4 weeks ago my brothers father in-law basically got paid $8438 workin a 20 hour week at home and there neighbor's ex-wife`s neighbour did this for six months and easily made over $8438 part time from a mac. applie the guidelines from this web-site...www.bay90.ℂℴm
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swit resh · Friday at 9:33am
if you think Ray`s story is impossible..., 4 weeks ago my brothers father in-law basically got paid $8438 workin a 20 hour week at home and there neighbor's ex-wife`s neighbour did this for six months and easily made over $8438 part time from a mac. applie the guidelines from this web-site...www.bay90.com
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Dw Dunphy · Friday at 8:23am
The difference between a courageous entrepreneur and a courageous dreamer is capital. You can be the King Kong of your field, but if you don't have the money to get your message heard, you're just climbing the walls. I know I'm coming off as churlish -- I probably am rightly pegged as churlish -- and this is meant as an inspirational piece for the most part, but we have to get real here.

You have a 90% failure rate if you don't have the capital to make your business happen. That's not a reason to not try, but what every entrepreneur truly needs to succeed is a clear-eyed view of the situation. Plenty of broken dreamers out there with maxed-out credit cards and business college loans that aren't getting paid off.

It takes courage to be an entrepreneur, but to jump in without the guarantee of money to make it work is self-destructive.
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nyagaanthonyhnjiru · Friday at 8:10am
Before that was something else but to day seems to be different.
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Naico ITS · Friday at 5:16am
Good Entrepreneurs should always try to improve their work processes by learning from other entrepreneurs . They skip a critical step of talking to potential customers before starting the business. It should be one of the early task for entrepreneurs to make sure their start-up is a success. A Good Entrepreneurs should be passionate, humble, strong and respected leader to all. I do think that if someone has a good heart and a desire to lead, then they can reach the heights of success.

Nelson Mandela said "you must lead people from behind and put others in front when times are good, but lead from the front when times are bad".
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