The paper "How Did I Become an Entrepreneur" is a perfect example of business coursework. Many people desire to become entrepreneurs but being a successful business owner is not easy. However, some people think they can easily succeed as entrepreneurs. Many assume that starting a business and developing into a successful enterprise is easy. Many people think of successful entrepreneurial businesses like Facebook, Google and IKEA and think they can also make it. One always wonders about what is special in the minds of individuals who make it successful as entrepreneurs. However, some traits, skills and capabilities are necessary to make individuals successful entrepreneurs.
It has been argued that some individuals fail at successfully starting and running businesses because they lack some desirable qualities of entrepreneurs. My journey as an entrepreneur has taught me that not every person can become a successful business founder. Entrepreneurial success is the product of hard work, ability to work long hours and to persevere the most difficult of times. An entrepreneurial idea is not enough to guarantee the success of an investment. Great investment ideas have to be supported by marketing research that will confirm that consumers need the product that is central to the entrepreneurial idea. Qualities of an entrepreneur While successful entrepreneurs can be distinguished by certain common qualities no group of people can be said to be typical entrepreneurs (Foley 2008).
I am a quiet entrepreneur who is very effective at getting things done while some other entrepreneurs are outgoing and flamboyant. Success as an entrepreneur is dependent on the ability to develop innovative solutions to contemporary human problems (Wenhui and Bei 2010). However, some common characteristics can be found in some of the most successful entrepreneurs.
I possess most of these traits which I owe to my success as an entrepreneur. Learning from others: entrepreneurs maintain great professional networks that avail opportunities for learning (Puga and Garcí a 2010). I used my internship opportunity to learn about the area of industry where I would later make my first investment. For individuals who want to be entrepreneurs, they can seek apprenticeship opportunities in businesses where they can gain skills to start off on their own. Confidence in their own ability: Entrepreneurs believe that they have the ability to bring their entrepreneurial ideas to fruition (Brandstä tter 2011).
Self-efficacy is a trait that is concerned with an individual’ s belief they could control events in their lives (Liang and Dunn 2010a). As an entrepreneur, my self-efficacy has helped me succeed in most of the entrepreneurial ventures I have been involved in. When my new pub employed twenty employees I was confident in my ability to manage this team. Whenever the club was chosen to host a great event I was optimistic and confident my club would offer a nice experience to the guests (de Pillis and Reardon 2007).
After hosting several high-level events my pub soon became the choice venue for all local red carpet events. Entrepreneurial self-efficacy (ESE) has been associated with high levels of confidence to take on entrepreneurial tasks. According to Hakola (2011), entrepreneurial self-efficacy is one of the main prerequisites of successful entrepreneurs.
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