Entrepreneurialism Information

Compensating for Your Entrepreneurial Style-or Lack of Style


I recently took an entrepreneurial quiz which evaluated my answers and informed me I would do best as a hired hand! So why am I a successful home business owner? Because I've learned to fill the holes in my entrepreneurial style, and compensate for my deficiencies.

Let's start with a list of qualities that might benefit someone working for him/herself:

1. Ability to see the big picture and plan accordingly;.

2. Self-discipline;

3. Ability to use time wisely;

4. At minimum, a moderate drive to achieve;

5. Adaptability;

6. Autonomy;

7. Decisiveness;

8. A feeling of control over your own destiny;

9. Having (energy) drive and enterprise;

10. Motivation to grow;

11. Sense of intuition;

12. Ability to spot opportunities;

13. Perseverance;

14. Problem-solving abilities;

15. Risk-tolerance;

16. Self-confidence;

17. Social skills.

As an example, let's look at John Doe. John has an excellent nose for a good opportunity; he drives his wife crazy with always turning everything into a new business idea. He's not afraid to make a decision and take the risk. He has a huge drive to achieve; he wants to be rich! John is confident that he can accomplish everything he sets out to do.

Then the reality of the rest of John sets in. He's not real good in the follow-through; as a matter of fact, he starts one business only to come up with another, and yet another, idea over and over. He writes up proposal after proposal, and always stumbles over the concrete details, such as turning goals and visions into action plans, and projecting budgets. He starts and stops, never stopping long enough to evaluate and plan ahead for the success of the next venture.

John could benefit from postponing his next decision until he hones his problem-solving skills a bit. He needs to understand where he's gone wrong and plan for success the next time. John also could put his vision for his work and his life down on paper, and learn to use this vision to help choose opportunities that are in sync with his financial and career goals.

John is confusing working hard with getting ahead. He needs to continually evaluate the tasks he is engaged in to determine if he is, indeed, using his time wisely.

And lastly, John would learn a lot from finding a business opportunity that would combine teamwork, successful strategies and skill building to encourage him to apply his abundant perseverance to ONE business until he succeeds.

John can look at this list and see how one strength could compensate for another weakness. If he wasn't very decisive, he could be spared many a bad quick decision, and strong problem solving skills could bring an eventual understanding of the right path for HIM. What he lacked in self-confidence could be made up for with social skills that enabled him to work well with a mentor or a knowledgeable team. Lack of enterprise or drive could mean he isn't cut out for over-the-counter or door-to-door retail sales. But he might shine in the backroom day-in-day-out details of getting a job done, or in website-based business.

Oh yeah...and John could also listen to his wife, and just give it all a rest at least one day a week...

About the author:
Glenn Beach is a poet, writer and home business entrepreneur in Nova Scotia, Canada. Free newsletter, more articles, and business start-up info at: http://www.work-at-home-business-opportunity-canada.com


MORE RESOURCES:

Property BEE crunch time: role for advocacy and entrepreneurialism ...
eProp.co.za, South Africa - Jul 23, 2008
SAIBPP’s campaign, as reflected in a recent newsletter, is to create an awareness to aspiring and potential black entrepreneurs , of key Government and ...


Attacking the stupidity of unfettered gun ownership
Casa Grande Valley Newspapers, AZ - 2 hours ago
Most American ingenuity and entrepreneurialism is spent figuring out how to get $30 million bonuses from companies the bonusees have just run into the ...


You’ve heard of road rage. You’ve heard of PMT. Now there’s e-Rage.
Real Business, UK - Jul 9, 2008
A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular ...


Should we penalise firms that price-fix?
nebusiness.co.uk, UK - Jul 22, 2008
And if a company was to capture, say, 80% of its market, shouldn’t we be celebrating the management’s shrewd entrepreneurialism rather than sending for the ...


The Business Limitations To Entrepreneurialism
Gather.com, MA - Jun 25, 2008
by Nazeer D. From a business perspective, entrepreneurialism is vital to commercial success and the health of the economy. We need individuals with bags of ...


Don’t Ride The ‘Doom & Gloom’ Bandwagon
ZDNet UK, UK - Jul 18, 2008
The spirit of entrepreneurialism has never been stronger than it is now in the UK with programs such as The Apprentice and Dragons Den. So all in all, ...


MLive.com

Terry Duperon: The balance of power, part 2
MLive.com, MI - Jul 17, 2008
All seven have it. Terry Duperon is president of Duperon Corp. in Saginaw and a speaker, author and educator on innovation and entrepreneurialism.


Igniting Your Business Spark
Gather.com, MA - Jul 9, 2008
by Nazeer D. Entrepreneurialism and business go hand in hand, and igniting your initial business spark and passion is an important process in getting any ...


Hiscox Study Reveals the DNA of an Entrepreneur
FOXBusiness - Jul 23, 2008
Despite market concerns, the study also reveals that the spirit of entrepreneurialism that defines America is alive and well. When compared with their ...


The China Code: From Robotic Depersonalization to Epic Ambition
Huffington Post, NY - Jul 17, 2008
Today, entrepreneurialism has complicated matters, but men still progress with precision through key life markers - buy an apartment by the age of 28, ...

Entrepreneurialism - Google News

home | site map
© 2006