Inspiring you to achieve great success
Getting started page 2
Genius is one per cent inspiration and ninety nine per cent perspiration. Accordingly, a 'genius' is often merely a talented person who has done all of his or her homework.
Thomas Edison
The entrepreneurial quality check
What is it that makes someone an entrepreneur? What major characteristics do entrepreneurs exhibits? How do you know if a person is an entrepreneur or not? These are all extremely important questions about the concept of entrepreneurship, and they do not come with easy answers.
A typical entrepreneur will have the following key qualities:
Self-confidence - a self-belief and passion about your product or service - your enthusiasm should win people over to your ideas.
Self-determination - a belief that the outcome of events are down to your own actions, rather than based on external factors or other people's actions.
Being a self-starter - the ability to take the initiative, work independently and to develop your ideas.
Judgement - the ability to be open-minded when listening to other people's advice, while bearing in mind your objectives for the business.
Commitment - the willingness to make personal sacrifices through long hours and loss of leisure time.
Perseverance - the ability to continue despite setbacks, financial insecurity and exposure to risk.
Initiative - the ability to be resourceful and proactive, rather than adopting a passive "wait and see" approach.
A good business idea
A good business idea could be an invention, a new product or service, or an original idea or solution to an everyday problem. It might also be:
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a gap in the market that you can fill
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a business related to the work you do already
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an interest or hobby that you can turn into a business
Whatever your idea is, you need to be sure that it fits with your needs as an individual, as well as being a viable business proposition.
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