The Skills, Qualities, Knowledge, Attributes Required to Be an Entrepreneur - Essay Example

The skills, qualities, knowledge, Attributes required to be an entrepreneur Entrepreneurship entails the four basic skills that I adopted. They 1. Personal traits. 1. A Optimism Am a very optimistic person and I tend to believe that negativity in life and business is what makes me keep going as well as exploring new business world. Vision. I will strive to see ahead of what is happening today as well as exploring any new business venture that might arose in the future and plans today. 1. C Risk taker I have believed that to succeed, one must risk and thus I have invested heavily in risky business that commands lots of cash inflows and this what makes me successful. Bill gate inspires me so much. He had to risk in order to be the successful and billionaire entrepreneur in the world due to risk taking. 2. Interpersonal skills. As an entrpreneuer, I did work closely with other people in order to create a strong association with others such as the customers, the workers or the shareholders. This skills that help me developed strong interpersonal skills are 2. A leadership and motivation I do believe am a leader since, I can convince other to follow me and at the same time ensuring that I deliver my vision. This is only possible since, I always ensure that there is delegation of responsibility. 2. B Communications skills. I do believe am competent and well enough to ensure that there is effective communication (Alain Fayolle 2006). I do pay attention to listening as well as ensuring that there is an ideal relation with others and at the same time I observe ethics in my entrepreneurship. 3. Critical and creativity skills I do believe that my creative skills of coming up with new idea each day is what make successful since I always make an informed entrepreneurial decision that is good for the businesses time. Am also good in problem solving since I always come up with solution to the problem promptly. Am very much inspired by the extent to which Google company are always creative in the nature of their management. it is exemplary and males ,me to be more creative. 4. Practical skills I always set new goals and objective to be met frequently as well as creating a plan of how to achieve the goal as well as putting the objective into practice (Alain Fayolle 2006). I do have an effective planning and organizing skills as well as the making an informed decision based on ideal information and by weighing the potential impact of my decision to the success of my entrepreneurship. Reading summaries I concluded on summaries of lecture week that, as an entrepreneur, I must be able to define who an entrepreneur is as well as the skills of a successful entrepreneur as well as understanding the growth stages of a successful entrepreneur as well as creating, shaping and resizing an opportunity in ion order to capitalize on returns. This is the key pillars to successful entrepreneurship that I believe i must employ in my entrepreneurship. Workshops Bi Weekly The difference between for profit and social entrepreneurial as discussed in the workshop slides profound that for profit entrepreneur center on short term gain as well as they focus on making profit at ends of the business and the profit is shared amongst the shareholders. On the other hand, the social entrepreneur focus on building long-term capacity to an organization as well as the ideas is based on core competency (David Smallbone 2008). The profit they generate is ploughed back to the mission and they risk’s organization’s asset, image and public. In social entreprenuralship, brain trust is significant in concluding the shareholders, social venture as well as the shareholders. They tend to build values where there is both economic values and social contribution And thus, entrepreneurs leads by example as well as ensuring that there is high work ethics, integrity and competency as well as engendering trust and confidence at place of work so as to improve the success of the entrepreneurship as well as sustain the workers motivation. The management team might make different in the venture success and consequently, the growth and quality of management team is key to business success and continuity. ICT and social media I do comprehend the social enterprise, since it plays a significant role my creating a mission to that will upheld social values as well as engaging in a continuous innovation ,adopting as well as learning (George Vozikis 2014). Social enterprise therefore arises due to unconscious spirit of kindness within various group of people who generate a facility to envision, resource as well as enables activities. I do focus on building the long-term benefit of the business as well as ideas is based on core competence and mission. The founder of face book company is a person who I live up to. he has transformed the entire world in to different social world where we can network globally at the same time earn more. zuckerberg is one of the richest man on earth due to social platform. Communication and network It is evident that Am an effective entrepreneur with effective communication skills. Some of the attributes that makes me effective in communication is that am a good listener as well as I try to ensure that employees are included in the business process by delegating duties and as well as making an informed decision in terms of problem solving or initiating anew business ideas. Inspiration I do inspire my workmates by motivating them at placed of work in order to ensure that they feel are part of the business and thus inspiration makes my entrepreneurship improves since, there is mutual cooperation between me and workers which makes us keeps on going. Am very much inspired by the entrepreneurship of Steve job, his journey to success is full of downfall from starting the company to being fired by his own friend whom he introduced to the business as the marketing manager to one of the top best intelligent entrepreneur. Creativity AND Innovation Each day I strive to ensure that I come up with new business ideals as well as perform the feasibility study on the new product in order to ascertain the relevance of the project in the market in terms of custom, my satisfaction and the need of the new product to the business in terms of profit (Mahin 1981). Being creativity is what differentiates me from other entrepreneurs and my successful skills. Risk taking Is a risk taker by nature? I love investing much of my cash flows in risky venture in order to capitalize on huge profits and thus risk taking is what has made me a successful entrepreneur in the market today. Am very much moved by the life of Steve job since, he is an exemplary risk taker, the life history depict some success and downfall of hi, but he never loss hope with the journey of being one of the greatest entrepreneur and founder of Apple company. Social and ethical responsibility I participate much in giving back to the society as part of my corporate social responsibility. I always strive to ensure that the community living around the business is contented with the business by improving the living standards, proving them with education materials as well as engaging them in the co9mmunity development that I initiate. Overall refection I do believe that as an entrepreneur, I must comprehend the trend in business situation am to venture in and thus this is one of the major factor that has made me success. I first identify the business; ascertain the market condition as well as the threat from external suppliers. The entrepreneurship skills I assumed is being a risk taker and thus I made an informed decision of investing in a venture with huge initial cash outlay without considering the risk am putting myself into but the profit I will earn. As an entrepreneur, I must work closely with my employees solve problem of, misunderstanding as well as ensure mutual cooperation between worker. This is only effective since, I do ensure that effective communication and delegation of duties is mandatory (Mahin 1981). This will be success when I did ensure that the goals and objective of the business is review each year in order to ensure that the business tactical plan remain focused as well as ensuring that workers clearly know what is expected of them in the business. These are some of my skills that make the business successful. The practical skills in me make me make an informed decision of setting new plan that will provide directive each year or in case of problem. The frequent review and planning skills ensure that the business remain active and strong in the ever changing business environment as well as ensure that the business withstand the fierce competition. Entrepreneurship skills is what drives the daily economy and thus one has to ensure that he is very much updated with the trend in the economy as well by understanding the nature of the inflation as well as understanding its impact on the business and for mitigating measures to curb such effect at the time of distress incase it open. Also, as an entrepreneur. I strive to ensure that the community living around is engage in the business operation order to create mutual understanding and cooperation between the business and the community. this is only achievable and by ensuring that I appreciate the social entrepreneurship as well as providing education and training material to the community and as well as running the road show campaign on product Awareness, health and importance of the business to the community in ensuring that there is green environment and safe living environment at all time. The leadership and motivation skills provide that I must lead by example (Robert N. Lussier 2014). This what makes me a successful entrepreneur? As a leader, I strive to set by example by ensuring that the right thing is done in the business as well as being a problem solver and providing a prompt decision at the time of intricacy. this leadership skills is ideal to my entrepreneurship since ,each day we as entrepreneur faces business challenges that is unplanned and consequently, were are expected to provide direction at all time to provide assurance that everything is okay in the business. This skills is important to business success since, the entire eyes at place of work looks upon me tom provide guidance on the way forward towards achieving the desired end result ion the business. I do inspire others and I presume that the sprite of inspiration in me is what makes going as a useful entrepreneur. Inspiring workers my providing incentives, job rotation and upgrade is what makes employees contend with the job environment and thus I believe that there must be motivation at place of work since, when worked are motivated, the company goals and objective is met. This is only possible by engaging the employees in part of decision making in order to make them fill part of the business. This will make them clearly understand what is expected of them as well as comprehend the company goals and objective which wil as well as improve the productivity. The current worlds is turning to social media as platform for doing business and thus as an entrepreneur, I strive to ensure that am as well as updated. Social media platform entails people with diverse traits and emotions and thus, I always ensure that am good listening as well as ensuring that there are effective communication skills. This attributes ensures that I clearly comprehend the customer attitudes towards a product or their demand of a product in the market as well as creating a plan and executing the plan by putting it into practice. this social entrepreneurial skills is vital to survival of the business and consequently I strive to ensure that am very much updated with the trend in the social media as well as get to clear understand what customer demand or how the react to the company product and service which will in turn give me a platform of appraising the product by identifying the areas of weakness and improving on it immediately so as to ensure that I keep the customer locked to the product. The customer lock strategy is one of the key entrepreneurial skills that I ensure I kept in mind as well as understand the demand in the market. The entrepreneurial skills and uses of an entrepreneur are broad phenomena that must be employed as one in order to ensure that one becomes an entrepreneur. I am optimistic towards challenge as well as I do take challenge as a motivation and thus it keeps on making me succeed at the time of intricacy. Am a risk taker and in every business opportunity I see so long as it makes profit or there is an opportunity of exploring more from afterwards, I do make a move immediately of investing as much as takes much capital inform of investment immediately, this skills commands the leadership and motivation skills in order to succeed in a risky and ever changing business environment and thus the broad skills I poses is what makes me a successful entrepreneurial now. The life and success of zuckerberg, Steve jobs and Bill gates makes me more focused and motivated since, they greatest entrepreneur whop had to be risk takers and focus to be what they are now. This makes more inspired and I do believe the entrepreneurship trait I portray will help me become one of the leading entrepreneurs in the near future. References Alain Fayolle, ‎K 2006, International Entrepreneurship Education: Issues and Newness. Alain Fayolle, ‎K 2006, International Entrepreneurship Education: Issues and Newness. David Smallbone, ‎W 2008, Entrepreneurship and Small Business Development. Dollinger, MJ 2003, Entrepreneurship: Strategies and Resources. George Vozikis, ‎M‎F 2014, Entrepreneurship: Venture Initiation, Management and. Kutzhanova, N 2007, Entrepreneurial Skill Development and how Best to. Mahin, PW 1981, Entrepreneurial Skills: Cases in Small Business Management. Nieuwenhuizen, C 2008, Entrepreneurial Skills - Page 1. Robert N. Lussier, ‎C‎K 2014, Entrepreneurial New Venture Skills - Page i. Read More