Characteristics of Entrepreneurs
If you spend any time reading self-help books or home business adverts they all center on two things: optimism ...you can do it! (which is really what they are selling), and assuming we are all a standard model. The reason the last of these is misleading is that we are obviously not all the same. Thus any model or template that uses a standard method is doomed to failure. The few people who do work it become the examples and testimonials but the majority it does not help remain unheard in silence. Most assume that those that failed did not follow the recommendations or were not motivated enough, which may be true, but there are other major INNATE reasons. In A Nutshell
What makes a successful entrepreneur?
Venture capitalists and business analysts know... wealth researchers such as Napoleon Hill came to the same conclusion. It takes a good idea or system to find or create value and.......
• Guts & decisiveness • Optimism & frugality • Consistency & persistency • Intelligence & perceptiveness
Notice these are all character traits, not degrees or large amounts of capital.
This is further broken down according to what type of business we are talking about. Whether you are using the financial markets, property or marketing will have an effect on the unique set of characteristics needed. Selection Gymnast coaches, great artists, maestros, martial arts masters, and special force’s instructors select young apprentices or students who they believe or determine have the talent or aptitude to become great or proficient.
They can and will mould them, but they need to work with the basic raw materials, the right stuff.
When it comes to home businesses, all and sundry can have a go.
This is in part as it is primarily a selling industry… there is no selection as it is in no one’s interest to qualify a prospect.
In the wealth-based reality TV shows, potential groups are whittled down by an entrepreneur. Then regardless of whether it is Branson, Trump or Sugar they all select the best candidate.
But how can we select ourselves? After all we are all we’ve got.
The sad fact is we are not all talented a) with money management and b) with business. Yet everyone needs and wants what money can do or satisfy.
Buyer Selection Pressure
People are most often motivated by pressure to act either for gain or to avoid pain. Exams and cramming, April and tax returns, end of month and bills, no money and look for ways of getting more = Business Opportunities.
Thus people who need more money form the largest part of the market buying and trying business opportunities.
Mutually Exclusive: Good Money Management and Need for Money
Mutually Exclusive: Poor Money Management and Business Success
As a result before anyone even starts there is a selection pressure for the wrong type of person. The potentially unpalatable fact is that many of us may not be suited to a particular business system or indeed to being an entrepreneur. I only started to make real progress when I realised that I wasn’t the stereotyped entrepreneur and took the appropriate actions to compensate for this “weakness”. One size does definitely not fit all… you will have an optimum match, but someone selling you their system, book, or business doesn’t have you or your make up in mind. They have their pocket in mind or their experiences and talents.
To see the effects of different entrepreneurs on home businesses... click here
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