PROFILE OF AN ENTREPRENEUR
In my last we have discussed about of being an entrepreneur. Now this article is deals with profile of an entrepreneur. You don’t necessarily be a family member of businessmen nor should possess a MBA degree. What matters is common sense i.e. business mindset. Even a school drop out can become a successful entrepreneur. We have the living examples right from Microsoft’s Bill Gates to Wall-Mart’s Sam Walton.
An entrepreneurs profile will not be complete unless until they possess the following qualities:
1. Self-confidence
It’s the #1 attribute. Its confidence, confidence & confidence. There is no exception 
to this rule.
2. Risk Taker
Entrepreneurship is about taking risks. It’s about reaping the risks and the reward that comes from all this, but within the articulated guidelines of a business.
3. Scarifies
Scarifies is the hardest part to par with it for an entrepreneur. Many businessmen start their business in the prime of their careers after being recognized as great managers. A great manager means bulky salaries, perks & luxurious life. But for an entrepreneur it’s applying CBA (Cost Benefit Analysis) theorem. It’s flying in an economical class, living in a hotel which is economical sometimes even less than $50. Its all about sacrificing luxury lifestyle, being economical with your expenses which lead to success. Do not compare with what you have left behind.
4. Freedom & Discipline
Entrepreneurs love freedom but are also much disciplined. They like taking instructions from more competent people & customers. Freedom however comes with great responsibility and accountability.
A good entrepreneur is an highly disciplined person.
Freedom to an entrepreneur means the ability to choose a life of business & goals consistent with stake holder ambition.
5. Money
Its always been said & is correct that money matters. Same is the case with entrepreneurs. They just love money. Entrepreneurship is generating more wealth from wealth. Its about creating legacies in many walk of lives.
A lesser fact is that 65.8% of the empire is owned by charitable trust. The Bill & Melinda Gates foundation is arguably the world’s second richest charitable organization with assets that stood at $26.9 billion in 2006. Without affection for wealth it wouldn’t be possible.
IT’S ALL ABOUT MONEY!
The fallout of American economy and ongoing financial crisis had affected every one. As a rescue measure US government has announced a total package worth about 990 billion dollars. Some of the European countries have also announced a bailout package. The collective of US & Europe comes to about 1.8 trillion dollars. In the same way the Black Money of various politicians, diplomats, entrepreneurs deposited in Swiss Banks should be utilized. But you will ask why?Here is the answer. As per Swiss Banking Associations Report on ‘Black Money’ the 5 major countries have their money in Swiss Banks. According to an official of Swiss Bank, the money deposited by Indians is so much that Switzerland’s 10 Five year plans can be completed.
|
Rank |
Country |
Amount($ crores) |
|
1 |
India |
14560 |
|
2 |
Russia |
4700 |
|
3 |
England |
3900 |
|
4 |
Ukraine |
1000 |
|
5 |
China |
960 |