Entrepreneur is defined as the name given to the person who creates a new business or project, transforms it into reality, and develops it. To ensure success, the entrepreneur provides the necessary resources in terms of organizing resources, determining the necessary capital, providing raw materials, and appropriate employees, in addition to taking into account the risks and expected returns, in order to ensure the fulfillment of customers’ desires and achieve success.
Entrepreneur Terms
In order for an entrepreneur to be able to come up with innovative, unfamiliar ideas, there are several conditions that he must meet, and the following are the most important of them:
Creativity
This is through the entrepreneur’s ability to develop a unique business, provide a distinctive service to the market, and think outside the box to search for new opportunities in order to come up with creative solutions to problems. In order for the entrepreneur to be creative, he must have several qualities, and the following is a list of them:
- The ability to draw inspiration from existing services and products in the market.
- Searching for new opportunities not previously worked into the market.
- Understand the needs and desires of the market.
- The ability to know the strengths and weaknesses of the organization.
Packet
By not hesitating to take decisions, the successful entrepreneur knows what he must do and does not hesitate to take decisions that lead him to success. In addition to taking advantage of opportunities, there is no delay in the field of entrepreneurship, and therefore the successful entrepreneur must be firm in making decisions, bearing results in the event of problems and their resolution, and taking the right positions with determination.
Persuasion
This is through the entrepreneur’s ability to change the convictions and actions of another person or group of people around a particular idea. Persuasion is to promote his idea, and in order for the entrepreneur to be able to persuade, he must have several qualities, and some of them are as follows:
- Stay away from intimidation and blackmail and resort to enticement instead.
- Do not be overly persuasive.
- Listen to others’ points of view and negotiate with them in order to reach a solution.
- Choose the appropriate method of communication.
- Lack of excessive urgency, which negatively affects work goals.
Adaptability
Because entrepreneurship is a continuous process, constantly changing and presenting new challenges and opportunities in the work environment, institutions must adapt to potential damages or consequences and take advantage of opportunities, and therefore entrepreneurs must maintain a positive view of their work no matter how bad things are in order to achieve the set goals.
Focus on the future
Since the successful entrepreneur always seeks to move forward, he is always focused on the future and knows what to do. For this, you must set specific smart goals and do everything necessary to ensure that the goals are achieved, in addition to focusing on the entrepreneurship process from start to finish, when the entrepreneur has a future vision that will make him or her able to move forward towards the path to success.
Perseverance
Entrepreneurs should not give up easily and make a great effort to reach success. Learning takes time and effort, and therefore the entrepreneur must be fully prepared before doing any work. The entrepreneur’s success is limited by his willingness to learn from his mistakes and continue to try and persevere in order to achieve his goals.
Not being afraid of failure
The reasons for failure that may occur with entrepreneurs are varied, such as a defect in the business model, a lack of focus or motivation at work, low profits, etc., and it is possible to avoid these risks, but some of them are inevitable, so you must prepare well for risks and face them. Learn from mistakes, keep trying, and make the best decisions that serve entrepreneurs and their businesses.
Curiosity
By looking for new opportunities or exploring new ways, there is an urgent need for successful entrepreneurs to learn and know everything that excites their desire to search for answers to everything that is unknown, which in turn will motivate them to achieve the goals.
Team building
This is done by entrepreneurs creating good teams in order to determine what the business requires of them and find the right people for this project, in addition to the team’s ability to work as a team, which gives them the opportunity to highlight their strengths and provide them with the necessary skills to work to help them reach common goals. Working in a team is based on a set of foundations and skills, which are summarized as follows:
- Participation of team members in the decision-making process.
- Listening to team members’ ideas and respecting their views.
- Assign tasks to team members and place the right person in the right place.
- Providing new job opportunities for team members.
- Provide positive feedback to the team, motivate them, and train them to perform the work well.
Read also: What Is The Goal Of Entrepreneurship?
