What makes a successful entrepreneur?
- Thread starter averygirl
- Start date
The quality an entrepreneur must have to be successful is to have confidence in himself. Secondly must have sound understanding how to make profit from his business. Doing business is an art but needs nurturing and patience. Not all business owners know how to make profits from their business.
An entrepreneur must have a never say die attitude. He/she should not be someone who gives up easily.
I would say persistence, willing to take risk and hardworking are basic traits needed for an entrepreneur.
A successful entrepreneur is someone who is able to identify a need in the marketplace, develop a plan to meet that need, and execute the plan with dedication and perseverance. Successful entrepreneurs have a clear idea of their market, the competitive landscape, and the resources required to meet their goals. They also possess strong problem-solving skills, the ability to think strategically, and a willingness to take calculated risks. Finally, successful entrepreneurs are often resilient and have the tenacity to push through difficult times, while also staying flexible and open to learning from their mistakes.
For me i believe a successful entrepreneur is not just someone who runs a business to make profit, but i believe its someone who is able to startup a business from scratch and is able to make profit and at the same time create customer satisfaction.
Being an entrepreneur is not about making immediate profits but about long-term gains. If you buy a product for $1 and sell it for $2 you are just making immediate profits, however, if you add value to the product and sell it for $3 you are an entrepreneur.
Being able to add value to a product is a nice aspect of entrepreneurship. And this requires innovation and creativity. You have to think outside the box.
For an entrepreneur to be successful in business, it is essential to first seek for adequate knowledge about the business and also continue to learn because life is changing as technology is developing
The truth is that when customers are duly satisfied, profits would surely follow. That's one thing a business person should always pursue. Customer satisfaction.
You cannot be a successful entrepreneur if you lack in management skills when it comes to taking care of your business because it is what is going to determine how far you are going to be able to hold the business in the right direction.
