Sunday, May 18, 2008

Qualities of an Entrepreneur

Are you desperate to start a business of your own? Passion is one of the qualities required for an entrepreneur. Not every one can succeed in business. Quite a few businesses close down after trying to run for a while.

One of the most important qualities to succeed in business is common sense. Common sense can be described as the ability to judge things on the basis of past experience and acquired knowledge.

Self confidence is the key to any entrepreneur. An entrepreneur should have faith in his own ability. He should be willing to work hard. He should be willing to put in the extra effort.

Specialized knowledge in the field of your business would be of immense help for you to succeed.

You should be very passionate about what you are doing. Bjorn Borg said he is earning a living from his hobby. You should love what you are doing. It is only then you would not feel the strain of the extra hours you are working.

You should dream or visualize, the result of your effort. Imagining things and constantly striving towards your goals will give you the result. If you get this into your subconscious mind then it will drive you relentlessly towards your goal.

You should have a larger goal and smaller goals which would be steps in the attainment of the larger goal. You should have a plan and strive constantly towards its attainment. This does not mean that you have to stick to your plan with mulish obstinacy. As you gain experience mid course corrections in the plan can be made. But the ultimate aim should be achieve the goal at any cost.

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