7 Things Confident Entrepreneurs Never Do

‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’

“It is now very clear to us that you cannot run a business half-heartedly. Clear, good decisions cannot be made at the last minute; time and energy must be put into every decision in order to do well in the business world.”

Rockefeller, Andrew Carnegie and J. P. Morgan is that you can’t always get what you want. You won’t always win some battles and you have to accept it. You will commit mistakes and it’s okay, as long as you learned from them. To not be greedy because wanting too much would not get you any better. To know and understand people because you have to be careful to choose whom you can trust. You have to make use of your strengths and try to develop your weaknesses because your competitors will always try to blow you at your weakest point. Being an Entrepreneur, failure is not always an option. The most successful people had an idea, believed it, build it and made it because they took the risks and never gave up. That in every uncertainty, there is an opportunity. You have to look for improvements, make your product even better or else, someone else will do it. The industry is a tough competition so you have to be smart in making decisions and solutions to your

Entrepreneurs are risk takers in the market. They are willing to gamble their hard work for a business that may fail or succeed. Many fail to keep their business alive, however; others are lucky to compete and survive in the market. Entrepreneurs like Maribel Galsim, owner of Maribel’s Daycare, were successful in their business. Maribel’s Daycare was successful because of hard work, patience, and being adaptable.

Confidence. I think a lot of people could probably relate to this and I don’t know what it is in our experiences that ultimately rub as a confidence, but there are so many people. I mean, one crazy statistic is, 60 percent of Americans are unhappy with their jobs. I think a lot of that has to do with maybe a lack of confidence along the way and conforming where we give up on something and we just go after the safe and secure bet. For me, it took me a long time to find confidence as an entrepreneur.

This article talks about how it can be difficult to be an entrepreneur but it’s worth it. An entrepreneur is when one lives off their own business. Eades talks about how by starting your own business you can make a positive impact no matter the risk that exists of failing. The author mentions a few people that are well known that became very successful; for example, Steve Jobs and Bill Gates. Following their footsteps is very extreme; it can be a goal but it is something

Business owners run this world, besides senior people. Entrepreneur has responsibilities like no other job in the American nation. They employ everybody, no matter the field. “Owning a vision” is the motivation that runs an organization to its highest point in power, or to the dirty ground (5). If you have the power to vision, use the same power to create that vision. “Providing the proper resources and build a culture” is another primary responsibility of an entrepreneur and is key (5). Choosing the right people to run a business to create a culture will bring moral and heights to your company. “Good decisions deliver the company 's performance (5).” Life is full of decisions and so being an entrepreneur is full of decision, good or bad, a choice needs to be made. While people work, entrepreneurs employ, which takes great responsibilities.

Repeat entrepreneurs know they have the ability to identify an opportunity and turn that opportunity into a business. In most cases, they have already done it at least once. Unfortunately, this does not mean that the first business was a success or that they will be able to repeat the success the first business may have had. In fact, if the first business was a failure, there are indications that the second business may fail as well. Recent research “shows that instead of learning from mistakes, entrepreneurs are just as apt to be overoptimistic after failure as before. Their overoptimism remains undimmed by failure” (Ucbasaran, Westhead & Wright, 2011). This overoptimism can cause an entrepreneur to take on risky opportunities, fail to properly plan for the unforeseen or waste financial resources instead of looking for and finding the right opportunity.

For example, Fernald et al. (2005) argue that most of the tasks and roles of entrepreneurs are leadership-based and Cogliser and Brigham (2004) emphasise that organisational leaders require entrepreneurial competencies to deal with the difficulties and impediments in the environment of current organisations. Specifically, scholars argue that entrepreneurial leaders’ competencies in anticipating the future, exploring new opportunities, creating novel ideas and providing an environment for staff that encourages and supports generating and implementing new ideas help organisational leaders face problems and achieve their vision (Burns, 2005; Gupta et al., 2004). Various factors such as personal characteristics, organisational and task performance demands and environmental factors affect the process of influencing followers that makes leadership as a highly challenging role for entrepreneurial leaders (Leitch et al., in press; Kempster & Cope, 2010; Kempster, 2009, 2006). Despite these differences, however, there are also key similarities between entrepreneurial leadership and the terms that construct the concept: entrepreneurship and leadership. For example, Fernald et al. (2005) argue that most of the tasks and roles of entrepreneurs are leadership-based and Cogliser and Brigham (2004) emphasise that organisational leaders require entrepreneurial competencies to deal with the difficulties and impediments in the environment of current organisations. Specifically, scholars argue that entrepreneurial leaders’ competencies in anticipating the future, exploring new opportunities, creating novel ideas and providing an environment for staff that encourages and supports generating and implementing new ideas help organisational leaders face problems and achieve their vision (Burns, 2005; Gupta et

But in some cases, entrepreneurs may develop the fear of feeling they are not well trained and educated enough to handle their business or cope with the challenges of the business. Overcoming this fear is fairly easy. Acquiring the right education and relevant training is the best and most effective way of overcoming this fear. For entrepreneurs facing this fear, you can extra steps to get yourself educated by preparing yourself and your business for difficulties you might encounter by taking PMP Exam Prep courses and completing project management training program.

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into

Managers must sometimes play the role of entrepreneur; they must add value to be entrepreneurial in their attitudes, confronting the need to innovate as part of strategy making. There is a considerable overlap between the role of manager and entrepreneurs. Finally both entrepreneurs and good managers must display creativity, sometimes of a very high value. Entrepreneurs are sometimes understood rather than plain managers, for not having the time or the leaning to make strategies be clearer.

As much as entrepreneurial mindset is important for business success, it is also vital to understand the current level in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success of entrepreneurs. The above statement relates with the fact that business success in the new economy is merely not a function of relevant skills; but requires people with entrepreneurial mindsets.

After finishing your graduation you will be at the crossroads of life. You will face

However, the experiences that an entrepreneur has can deter their optimism in venturing into further business options. At the same time, the experiences can also influence the adaptation of an entrepreneur to given situations. Those entrepreneurs who are incapable of succeed in their business ventures have a history of business failure. For these entrepreneurs, their likeliness of displaying comparative optimism is extremely low. Sequentially, the entrepreneurs these entrepreneurs with past failure experiences minimally adjust their comparative optimism.