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PPT : Are You Ready To Be An Entrepreneur?
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Important Entrepreneurial Traits
* Tends to create a “vision” in his/her mind, in advance of starting a task, for what it should look like when it’s done.
* Likes to keep many “balls in the air” at once, becomes bored with singular tasks.
* High energy level, enthusiastic, optimistic, self-confident and self-reliant.
* Pro-active, likes “making things happen”.
* Is impatient with indecision and mediocrity.
Important Entrepreneurial Traits (Cont’d)
* Likes to be challenged, enjoys the “risk of failure”.
* Is tenacious, not easily discouraged.
+ Training in how to do it “right”.
- Too little training on self-reliance and general resourcefulness.
+ Cash for new projects often available.
– Investment criteria often narrow and risk-avoiding….
Prior large-employer experience: Helpful or hurtful?
+ Support services plentiful.
- Wasteful overhead, all too often.
+ Employer’s name commands respect, facilitates getting things done.
- Often a “crutch” which supports poor ideas/projects….
Prior large-employer experience: Helpful or hurtful?
+ Perks and pay are often steady and high.
- Upside potential can be limited, meaningful equity ownership is rare.
+ Career growth opportunities are often plentiful.
- Politics and empire-building often become a primary agenda.
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Keys to Start-Up Success
1. Financing – Make sure you obtain all you need
> Sanity-check your idea & business model.
> Have a realistic business plan
> Be enthusiastic in presentations !
> Ensure target audience understands your venture’s goals and opportunities.
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Category : EntrepreneurSource : www.nebo.edu
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Tags: business model, career growth opportunities, employer experience, entrepreneurial traits, realistic business plan