Who becomes a successful entrepreneur .

According to me . . .

There is no exact common formula for an entrepreneur. And no one is a born entrepreneur. It is a learnt set of Characteristics, which makes them successful.

Skill

            

Skill is nothing but the ability to do something well. For anyone to start a business, they must have an expert skill in any domain of his knowledge. Skills must cover up to date technologies, in depth. Knowing things are not important, but to what extend you know things is important. That shows your unique skill level. In today’s world the skill you posses, would be similarly posed by more than 10 people. So think how good is your skills are???

Commitment

             

Commitment is the state or quality of being dedicated to a cause, activity. Either an engagement or obligation that restricts freedom of action. When we do things we like, we generally temp to forget the world. It is better to be bit awake and rest stay back in your world and give your whole hearted input to things you like, to things which you are passionate about. Entrepreneur is a long-term commitment, and attempting to plan as much as possible at the beginning is a noble impulse. In reality, however, planning for everything and having a ready solution for all possible risks may prevent you from even taking the first step.

Discipline

            

Discipline is    the practice of training people to obey rules or a code of behavior, Entrepreneurs enjoy what they do. They believe in themselves and are confident and dedicated to their project. Occasionally, they may show stubbornness in their intense focus on and faith in their idea. But the flip side is their demonstrated discipline and dedication. For any entrepreneur to start up, there would lot of pressures from the world. In spite of all these things he is too ethical.

Personal qualities and their correct demonstration with the right stakeholders are the determining factors for success or failure as an entrepreneur. There are various institutes where one can develop their entrepreneurship.

This post was written by Vallimayil, I year PGDM