{"id":1807,"date":"2019-05-16T13:43:06","date_gmt":"2019-05-16T11:43:06","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=1807"},"modified":"2019-05-16T13:43:10","modified_gmt":"2019-05-16T11:43:10","slug":"entrepreneurship-defined-what-it-means-to-be-an-entrepreneur","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/entrepreneurship-defined-what-it-means-to-be-an-entrepreneur\/","title":{"rendered":"Entrepreneurship Defined: What It Means to Be an Entrepreneur"},"content":{"rendered":"
<\/div>\n

The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone willingly sets out on such a path.<\/p>\n\n\n\n

Yet despite all these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition and fill a need they see in society. They open brick-and-mortar businesses, launch tech startups, or bring a new product or service into the marketplace.<\/p>\n\n\n\n

So what motivates entrepreneurs to venture forth when so many others would run in the other direction? Though each person’s motivation is nuanced and unique, most entrepreneurs are spurred on by one or more of the following motivators:<\/p>\n\n\n\n

Autonomy \u2013<\/strong> Entrepreneurs want to be their own bosses, set their own goals, control their own progress and run their businesses how they see fit. They recognize that their business’s success or failure rests with them, yet they don’t view this responsibility as a burden but, instead, as a marker of their freedom.<\/p>\n\n\n\n

Purpose \u2013<\/strong> Many entrepreneurs have a clear vision of what they want to accomplish and feel compelled to work tirelessly to make that happen. They genuinely believe they have a product or service that fills a void and are compelled by a single-minded commitment to that goal to keep pushing ahead. They abhor stagnation and would rather fail while moving forward than languish in inactivity.<\/p>\n\n\n\n

Flexibility \u2013<\/strong> Not everyone fits into the rigidity of a traditional corporate culture. Entrepreneurs are often looking to free themselves from these constraints, find a better work life\/balance or work at times and in ways that may be viewed as unconventional. This doesn’t mean they are working fewer hours \u2013 oftentimes, especially in the early stages of growing a business, they are working longer and harder \u2013 but, rather, that they’re working in a way that is natural and instinctual to them.<\/p>\n\n\n\n

Financial success \u2013<\/strong> Most entrepreneurs realize they aren’t going to be overnight billionaires, but that doesn’t mean that they aren’t at least a little bit seduced by the potential of making a ton of money. Some may want to establish a financial safety net for themselves and their families, while others are looking to make a huge profit by creating the next big thing.<\/p>\n\n\n\n

Legacy \u2013<\/strong> Entrepreneurs are often guided by a desire to create something that outlasts them. A segment of this group is led by ego and a craving for notoriety. Others want to create a brand that has longevity and becomes an institution. Another group wants to pass on a source of income and security to their heirs. And, there are those entrepreneurs who hope to make a lasting impression on the world and leave behind an innovation that improves people’s lives in some tangible way.<\/p>\n\n\n\n

If you’re contemplating an entrepreneurial venture, you should first identify which of the above motivators serve as a guiding force. Then consider if you have the specific character traits and attributes that will enable you to thrive as an entrepreneur.<\/p>\n\n\n\n

To help you determine if you’ve got what it takes, here’s what 25 company founders and business leaders told Business News Daily about what they think makes a truly successful entrepreneur. <\/p>\n\n\n\n

  1. “Entrepreneurship is at the core of the American dream. It’s about\u00a0blazing new trails<\/strong>, about believing in yourself, your mission, and inspiring others to join you in the journey. What sets [entrepreneurs] apart is the will, courage and sometimes recklessness to actually do it.” \u2013\u00a0Derek Hutson, president and CEO of\u00a0Datical<\/a><\/em>
    <\/li>
  2. “Entrepreneurship\u00a0is a\u00a0pursuit of a solution<\/strong>, a single relentless focus on solving a problem\u00a0or doing something drastically different from the way it is done today. [It’s]\u00a0aiming to do something better than it’s ever been done before and\u00a0constantly chasing improvement.”\u00a0\u2013\u00a0Blake Hutchinson, CEO and small business expert at\u00a0Flippa<\/a><\/em>
    <\/li>
  3. “Entrepreneurship is \u2026 the\u00a0constant hunger for making things better\u00a0<\/strong>and the idea that you are never satisfied with how things are.”\u00a0\u2013\u00a0Debbie Roxarzade, founder and CEO of\u00a0Rachel’s Kitchen<\/a><\/em>
    <\/li>
  4. “At its core, [entrepreneurship] is a mindset \u2013 a way of thinking and acting. It is about\u00a0imagining<\/strong>\u00a0new ways to solve problems and create value<\/strong>. Fundamentally, entrepreneurship is about … the ability to recognize [and] methodically analyze [an] opportunity, and, ultimately, to capture [its] value.” \u2013\u00a0Bruce Bachenheimer, clinical professor of management and executive director of the\u00a0Entrepreneurship Lab<\/a>\u00a0at Pace University\u00a0<\/em>
    <\/li>
  5. “The most successful entrepreneurs are the ones who\u00a0possess grit<\/strong>. Grit is made up of persistence, passion and resilience. It’s the passion to achieve long-term goals, the courage to try again in the face of rejection, and the will to do something better than it has been done before. The most successful entrepreneurs tend to be gritty ones \u2026 they do not give up until they exceed their goals. When the going gets tough and they get knocked down, gritty entrepreneurs bounce right back up and try again.” \u2013\u00a0Deborah Sweeney, CEO of\u00a0MyCorporation.com<\/a><\/em>
    <\/li>
  6. “The ability to listen<\/strong>, whether it be to the opinions of customers or employees, is also integral to success. While … you must have the confidence to make your own choices, it is still incredibly important not to become detached from the people whose needs you are trying to meet.” \u2013\u00a0Tirath Kamdar, founder and CEO of\u00a0TrueFacet<\/a><\/em>
    <\/li>
  7. “Being an entrepreneur is like heading into uncharted territory. It’s rarely obvious what to do next, and you have to rely on yourself a lot when you run into problems. There are many days when you feel like things will never work out and you’re operating at a loss for endless months. You have to be able to stomach the roller coaster of emotions that comes with\u00a0striking out on your own<\/strong>.”\u00a0\u2013\u00a0Amanda Austin, founder and president of\u00a0Little Shop of Miniatures<\/a><\/em>
    <\/li>
  8. “To be a successful entrepreneur, you must have a\u00a0passion for learning\u00a0<\/strong>\u2013 from customers, employees and even competitors.” \u2013\u00a0James Bedal, president and CEO of\u00a0Bare Metal Standard<\/a><\/em>
    <\/li>
  9. “Entrepreneurship is, fundamentally, the art and science of building\u00a0profitable systems to help people in ways that other systems do not. The\u00a0core competency of the entrepreneur is not business acumen or\u00a0marketing ability but rather empathy \u2013\u00a0the ability to understand the feelings and needs of others<\/strong>.” \u2013\u00a0Logan Allec, CPA and owner of\u00a0Money Done Right<\/a><\/em>
    <\/li>
  10. “Being a successful entrepreneur also means\u00a0being a good leader<\/strong>. Leadership\u00a0is the ability to bring people to a place where they want to follow you,\u00a0not feel like they are forced to follow you. This takes investing in your\u00a0team personally. They must know you’re not only going to hold them\u00a0accountable and drive them to be better, but [you will] also look out for them when\u00a0they are struggling. It’s not transactional, it’s a relationship.” \u2013\u00a0Steve Schwab, founder and CEO of\u00a0Casago<\/a><\/em>
    <\/li>
  11. “Entrepreneurship is the ability to recognize the bigger picture, find where there’s an opportunity to make someone’s life better, design hypotheses around these opportunities and\u00a0continually test your assumptions<\/strong>. It’s experimentation: Some experiments will work; many others will fail. It is not big exits, huge net worth or living a life of glamour. It’s hard work and persistence to leave the world a better place once your time here is done.” \u2013\u00a0Konrad Billetz, co-founder and co-CEO of\u00a0Offset Solar<\/a><\/em>
    <\/li>
  12. “A key skill an entrepreneur must possess is\u00a0self-awareness<\/strong>. An\u00a0entrepreneur must know who they are and what they need. Self-awareness is\u00a0the first step for an entrepreneur to build their team.”\u00a0\u2013\u00a0Krystal Nelson, founder of\u00a0impakt<\/a><\/em>
    <\/li>
  13. Entrepreneurs “have to\u00a0be people-oriented<\/strong>. Your business will die without a good team to back you up. Study management techniques, learn from great leaders, review where you’re succeeding and failing so you can help others improve. An entrepreneur has to be able to build a team who cares about its work, and to do that, you have to care about how you create your team.” \u2013\u00a0Jonathan Barnett, president and CEO of\u00a0Oxi Fresh Carpet Cleaning<\/a><\/em>
    <\/li>
  14. “To be a successful entrepreneur, you\u00a0need perseverance<\/strong>. Most successful business people or entrepreneurs have never given\u00a0up on their idea. When challenges arise, they have found innovative ways\u00a0of overcoming them. You must be able to adapt to changing economic\u00a0conditions, and innovate and embrace technological advances to keep your\u00a0customers engaged. These things take determination and a strong focus on\u00a0the end goal.” \u2013\u00a0Stacey Kehoe, founder and director of communications of\u00a0Brandlective Communications<\/a><\/em>
    <\/li>
  15. “Entrepreneurship is the mindset that allows you to\u00a0see opportunity everywhere<\/strong>. It could be a business idea, but it could also be seeing the possibilities in the people who can help you grow that business. This ability to see many options in every situation is critically important; there will be unending challenges that will test your hustle.” \u2013\u00a0Preeti Sriratana, co-founder and chief strategy officer of\u00a0Sweeten<\/a><\/em>
    <\/li>
  16. “Entrepreneurs and business owners\u00a0definitely need to\u00a0get used to taking risks\u00a0<\/strong>\u2026 You have to get\u00a0comfortable being uncomfortable. Trying to grow a company or execute on an\u00a0idea is difficult. It’s not always going to be roses and unicorns. At some\u00a0point, you’re going to run into issues, lose customers and have financial\u00a0constraints. It’s at this point you need to get back on the horse and take\u00a0another risk whether it’s in the form of a new product, new marketing\u00a0campaign or a new customer recruitment strategy.” \u2013\u00a0Mathew Ross, co-founder and COO of\u00a0Slumber Yard<\/a><\/em>
    <\/li>
  17. “Successful entrepreneurs look past [the] ‘quick buck’ and instead\u00a0look at the bigger picture\u00a0<\/strong>to ensure that each action made is going toward the overall goal of the business or concept, whether or not that means getting something in return at that moment.” \u2013\u00a0Allen Dikker, founder and CEO of\u00a0Potatopia<\/a><\/em>
    <\/li>
  18. “Being an entrepreneur is\u00a0ingrained in one’s identity<\/strong>. [It] is the culmination of a certain set of characteristics: determination, creativity, the capacity to risk, leadership and enthusiasm.” \u2013\u00a0Eric Lupton, president of\u00a0Life Saver Pool Fence Systems<\/a><\/em>
    <\/li>
  19. “Entrepreneurship is an unavoidable life calling pursued by those who are fortunate enough to take chances. [They are] optimistic enough to believe in themselves, aware enough to see problems around them, stubborn enough to keep going, and bold enough to act again and again. Entrepreneurship is not something you do because you have an idea. It’s about\u00a0having the creativity to question, the strength to believe and the courage to move<\/strong>.” \u2013\u00a0Jordan Fliegel, managing director of\u00a0Techstars<\/a><\/em>
    <\/li>
  20. “You may need to also\u00a0be a bit of a contrarian.\u00a0<\/strong>Sometimes it takes a person who thinks differently than the herd to start\u00a0something new and defy the odds.” \u2013\u00a0Akshay (Asher) Khanna, founder of\u00a0CareClinic<\/a><\/em>
    <\/li>
  21. “Entrepreneurship is seeing an opportunity and gathering the resources to\u00a0turn a possibility into a reality<\/strong>. It represents the freedom to envision something new and to make it happen. It includes risk, but it also includes the reward of creating a legacy.” \u2013\u00a0Maia Haag, co-founder and president of\u00a0I See Me!<\/a>\u00a0Personalized Books and Gifts<\/em>
    <\/li>
  22. “An entrepreneur must be able to accept failure.\u00a0Everyone thinks they can accept failure until they come face-to-face with\u00a0failing at a major thing they have put their everything into. To be a\u00a0successful entrepreneur, you have to be someone who is able to\u00a0risk failure\u00a0at the deepest personal levels<\/strong>.” \u2013\u00a0Steven Benson, founder and CEO of\u00a0Badger Maps<\/a><\/em><\/li>
  23. Entrepreneurs “must be able to pivot. If something isn’t working,\u00a0keeping at it won’t make you successful. But changing your approach,\u00a0changing your business model, changing your plans to make it work is\u00a0the\u00a0power of the pivot<\/strong>. You’re adaptable regardless of what’s thrown at you.” \u2013\u00a0Michael Maher, chief idea officer of\u00a0Matters of the Cart<\/a><\/em>
    <\/li>
  24. “Entrepreneurship is about\u00a0always moving forward<\/strong>. Never stopping, never allowing self-doubt or fear to take over, and believing wholeheartedly that even a wrong decision is better than no decision.” \u2013\u00a0Adam Sherwin, founder of\u00a0Viakix<\/a><\/em>
    <\/li>
  25. “Entrepreneurs are the\u00a0dreamers and the visionaries<\/strong>. Without them, the\u00a0world stagnates and progress stops. Society needs entrepreneurs the same\u00a0way the body needs air.” \u2013\u00a0Cynthia Kirkeby, founder and CVO of\u00a0Seasonally Fresh<\/a><\/em><\/li><\/ol>\n\n\n\n

    Source:
    https:\/\/www.businessnewsdaily.com\/7275-entrepreneurship-defined.html<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

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