Discussion Reply Amie- Response 1-2 paragraphs with 1-2 references

profiledwilliams1911
Entrepreneurship1.docx

Running head: CHARACTERISTICS OF ENTREPRENEURS 1

2

CHARACTERISTICS OF ENTREPRENEURS

Characteristics of Entrepreneurs

Name

Institution

Characteristics of Entrepreneurs

After reading the article by Patel (2017), there is much insight worth sharing. The author gives emphasis to the fact that successful entrepreneurs attribute their journey to nothing, but character. One vital character is being creative. Creativity comes with thinking outside the norms and developing a new idea (Patel, 2017). I personally believe there is always room for improvement in already existing products and services, being able to develop ideas and optimize them to create employments and profits makes an individual a successful entrepreneur.

Entrepreneurs should be passionate of their ideas. With an idea, an entrepreneur will need to research more, come up with efficient and effective selling preposition, and also be able to pitch their ideas to investors (Patel, 2017). This I believe is only successful when they are passionate of the change they are bringing. Entrepreneurs must be passionate when pitching to the investors to convince them makes funding decisions; this also boosts their confidence in evaluation of the business plan, product, company and recruitment of their team. They should also be persuasive, this will in turn enable them to easily convince customers to buy their products, investors to invest in their businesses and also create a strong network of connections that will lead to the growth of the business.

Optimism is one of the most essential characteristics of entrepreneurs. It leads the idea bearer to new experiences, ideas and new possibilities. Due to this an entrepreneur is able to come up with various mitigating factors and also plan on the unforeseen circumstances (Patel, 2017). It also helps in considering new options and change of businesses and lives for the better. In the current fast-paced and increasingly technological world, it is important for entrepreneurs to ensure that they are more flexible in every area of their business, from their business ideas to employment policies and network management to be able to survive. (Patel, 2017) defines flexibility in business as the different ways of finding something that works more efficiently and effectively than what already exists to ensure the company remains profitable.

References

Patel, S. (2017, September 2nd ). 10 essential characteristics of highly successful entrepreneurs. Inc. Real Talk. Retrieved from https://www.inc.com/sujan-patel/10-essential-characteristics-of-highly-successful-.html

Running head:

CHARACTERISTICS OF ENTREPRENEURS

1

Characteristics of Entrepreneurs

Name

Institution

Running head: CHARACTERISTICS OF ENTREPRENEURS 1

Characteristics of Entrepreneurs

Name

Institution