Entrepreneur
Great Ideas And Tips For Entrepreneurial Success
The Diverse Definitions of Entrepreneurship and the Qualities That Define an Entrepreneur
An entrepreneur is a visionary who brings forth innovative ideas, initiates business ventures, and assumes responsibility for both the risks and outcomes.
These individuals thrive in the competitive world of commerce, often recognized as business owners who establish and operate their enterprises.
The concept of entrepreneurship has evolved over time. In the 1970s, entrepreneurs were not as highly regarded as they are today. Society has since embraced their role with varying interpretations. Different dictionaries and scholars have defined entrepreneurs in distinct ways. For instance, the Webster Revised Dictionary (1913) described an entrepreneur as someone who produces goods for personal profit. While this holds some truth, it is an incomplete definition, as entrepreneurship extends beyond mere production.
A more comprehensive explanation comes from the Merriam-Webster Dictionary, which defines an entrepreneur as someone who organizes, manages, and assesses the risks of a business or enterprise. This definition is more precise, acknowledging that risk is inherent in every entrepreneurial endeavor, whether in investment or innovation.
Another perspective comes from Ashoka, which portrays entrepreneurs as catalysts for societal transformation. Social entrepreneurs, in particular, drive significant changes in fields like healthcare, education, and environmental sustainability, addressing pressing human needs.
Business entrepreneurs contribute to commercial innovation, while social entrepreneurs focus on societal progress. Collectively, these definitions highlight that an entrepreneur is not just a business starter but also a leader who fosters change within their industry.
Individual experts also offer unique interpretations. Dale Tucker describes an entrepreneur as someone who takes control of their future through self-employment, whether by launching a business or engaging in multi-level marketing. Meanwhile, Mark Hendricks emphasizes resilience, stating that an entrepreneur must confront business challenges head-on, whether facing success or failure, and possess the ability to adapt to competitive outcomes.
Certain qualities distinguish a successful entrepreneur. Effective planning and organization are crucial, as is financial management and the ability to develop and market ideas. Leadership, teamwork, and risk-taking are essential traits. An entrepreneur must also be goal-oriented, committed, and disciplined in meeting deadlines.
Financial acumen is vital, entrepreneurs must value money, maintain proper records, and understand various sales techniques. Strong management skills are non-negotiable, as is the ability to inspire others and collaborate within a team. In essence, an entrepreneur is a dynamic individual who blends innovation, risk-taking, and leadership to drive business and societal progress.
Entrepreneur: The goal of each and every Entrepreneur be they Home Based Business or not is to achieve success and rise to the top. For over two decades the world has been watching with Admiration and Awe the extraordinary achievement of Jeff Bezos the Founder and CEO of Amazon.com. Success does not come easily. It requires Hard Work, Commitment and Dedication to reach the top as an Entrepreneur. Attaining your goal is often easier if you can follow the path already trodden by Brilliant Entrepreneurs.
Pick up some Great Ideas and Tips that rocketed them to Fame and Fortune and try to implement them. In this respect the Phenomenal success of Jeff Bezos, dubbed by Time Magazine as the " King of Cybercommerce" comes to mind. His spirit of Adventure, Imagination, Innovation and Creativeness are some of the qualities that have made Amazon.com what it is today. In 1994 he set up his Home Based Business in a two bed roomed house in Seattle with extension leads running to his garage. There was no turning back and the tremendous progress he made is history. In 2014 Amazon served over 250 Million customers and well over 600,000 Associates.
Amazon.com is the Internet's most popular brand name. It is the largest Internet retailer in the world. Jeff Bezos the founder and CEO is a multi-billionaire and one of the richest men in the world. A few quotes of Jeff Bezos will display the characteristic thinking behind the success of this brilliant entrepreneur and the dominance of Amazon.com.
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1."A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well."
2."If you do build a great experience, customers tell each other about that. Word of mouth is very powerful."
3."There are two kinds of companies, those that work to try to charge more and those that work to charge less. we will be the second"
4."We see customers as invited guests to a party and we are the hosts. It's our job everyday to make every important aspect of the customer's experience a little better."
5." What we want to do is something completely new. There is no physical analog for what Amazon.com is becoming." About his vision Jeff Bezos says “Our vision is the world's most customer-centric company. The place where people come to find and discover anything they might want to buy on line.”
To top it up he places great emphasis on the importance of the six core values-he insists on.
1. Customer obsession.
2. Ownership.
3. Bias for action.
4. Frugality.
5. High hiring bar.
6. Innovation.
Here are some very useful Ideas and Tips that all Entrepreneurs including the Home Based Business Entrepreneur can pick up from Jeff Bezos.
You have to be:
1. A Dreamer and never give up your dream
2. An Optimist and be Confident in what you do.
3. A Strategist, ready to meet all situations and circumstances.
4. Prepared to tread into areas where others have never trodden before.
5. Customer focused more than Marketing focused.
7. Obsessed about customers not competitors.
8. Innovative and keep on innovating.
9. Always thinking Big.
10. Working hard and charge less.
Finally
a tip from Jeff Bezos for all Entrepreneurs,” Work hard, have fun, make
history". Yes,That's what the "The King of Cybercommerce" has done with
Amazon.com.
Charasteristics Of An Entrepreneur
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