Ciesla and Yairi had passion, drive and the persistence to push through their bad luck because they believed in their product and the ability to give customers a unique experience that had been taken away with the introduction of newer technology. According to the Tactus website they have a strong belief for their product and its capability because “tactile feedback allows for superior discrimination when successive data needs to be rapidly resolved, the feel of touch is about five times faster than vision” (Tactus Technology). Because Ciesla and Yairi had persistence they were able to overcome the challenge of finding someone to fund them and now are on the verge of creating a product that can be used for many more applications then initial intended. …show more content…
If I were in their shoes I would have to have a passion for the product, if you do not love what you are trying to create or accomplish then there is no reason to peruse it. Another thing that comes to mind is that of being able to accept risk, as a wise man once said “you can’t get anywhere in life without taking risks (Esme n.d.) and the same concept can be applied to business. Finally, having persistence is key because everything is always going to take longer than one anticipates and it can be very difficult to keep pushing forward when it seems everything is standing still (Akalp,
Ciesla and Yairy had a vision and innovation towards the future. They saw a new technology that is a blue ocean product. Their new concept and perseverance was one they will value with this innovation and new product. Raising the funds for their company was challenging. However, their hard work paid out. I recently read an article in Bloomberg Business week informing the public of invention improving usability of touch screen devices (Tactus Technology Inc., 2012). This vision helped them continue with their efforts to build the company. I know that if I will have an innovated vision as they did. I too will be persistent with my business venture and vision towards my innovated dream. One cannot give
In order for one to succeed in any situation, business or otherwise, two things are necessary. Both an individual’s personal ability to succeed, as a result of personality, training, willpower and determination, etc., and favorable circumstances or situational
You 've got to want to clip on the wires and turn up the juice. In other words you and your team must be highly motivated to try new things to reposition your product.
decisions clear and concise, have support from our top management team, have a product with
Adaptability – This is the ability to cope in any situation you find yourself as a successful business leader. So, it is very essential to adapt to any condition you find yourself. Initially, starting up a business might be tedious to adapt; but, bearing in mind that business is a risk. You either succeed or fail. So, in any situation the business dribbles you, you should keep striving for survival. Although, you will stumble into things that you did not expect but, don’t give up. Even people may deceive or try to frustrate your organization never give up. With perseverance, you will succeed.
VC funded start-up produces smart finger sense technology that accurately determines the angle of your finger on the touchscreen and allows the user to extend interaction with their devices intelligently.
3. A business plan that helps you to stay with your big idea but also keeps you focus on the
In one of the video of Sara Blakely presented on fortune, she talked about the characteristic on her company Spanx is all about taking risks. How to be innovate and listen to her customer wants, and ask many questions. I believe the creative potential is all about ideas and feedbacks that got back from the consumers. In order to be successful, targeting what consumers want by gather information, think of how to solve the problem with different approaches. The ideas generate from our attentions toward details, and adjust our plan to fit the problems. In her story, I liked the way of how she talked about why she is comfortable to take risks, being encourage to fail at young age gave her experiences. Furthermore, she said that failure is not trying
Willingness to stay the course and not get distracted or zone in on one area of the business.
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
It had been their unique first all-touchscreen smartphone. It has also been sluggish and buggy. It was unsuccessful. If a business is going to improve their business, they require a great cause to do this. They even need the time and persistence to do it appropriate. It is important to think out of the box and innovate. Doing exactly what other companies do to attract customers is not the correct way to approach.
In 5th grade, I taught the whole class about my culture. Since many kids were bored during class, I decided to “spice” things up to an extent. Numerous people did not know my true identity of diversity. I brought yoga videos, food, etc. just to teach uniqueness. One such example was the classic rock candy. I brought in rock candy, beautiful crystal candy encased with sugary sweetness that people ate. Their miniscule size was complimented by their immense taste. Initially, my classmates were a little skeptical, thinking “why is he bringing this in?” Once people in my class started to taste it, they could not stop wanting it. By the end of the year, instead of declining to accept the culture, they begged me to bring what I could to them so they could experience the culture I did. Small steps like this define the characteristics of an entrepreneur like
There are many behavioural characteristics that can be identified amongst those individuals who have succeeded as entrepreneurs and have consequently become self-made millionaires. One of the most important of such desirable and acquirable attitudes is the habit of being persistent.
Another trait possessed by successful women entrepreneurs is persistence. Starting a business is one thing; but sticking to the entrepreneurial process is another. Nothing good comes easy; you must give a good fight and persist on what you want; if you are to really achieve success in the business world. Without persistence, I don’t think you can become a successful business woman.
It should be the thrill of the journey that keeps you going. Most women fail when they can’t make the transition into business ownership from corporate America. Two of your greatest predictors of success are confidence and determination. Your confidence creates the courage and strength to do what others only dream about. Your determination will provide stamina to keep going. Successful female entrepreneurs have a vision and know clearly where they want to take their business. They are so driven they often get ahead of themselves.