Entrepreneurial Success

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Entrepreneurs ONE: What kind of person tends to be successful as an entrepreneur? In the book Small Business Management: An Entrepreneurial Emphasis, the authors portray an entrepreneur as confident of his or her abilities, as a "risk taker" because often they use their own cash, because if they have left a secure position with a company they are placing their family at some risk albeit the kinds of risks an entrepreneur takes is considered "moderate" (Longenecker, et al, 2005, p. 16). Moreover, the authors offer six categories to describe the traits, skills, and other aspects of the proto-typical entrepreneur. Those six categories include: a) commitment and determination ("entrepreneurs are tenacious, decisive, and persistent"); b) leadership (entrepreneurs are "team builders" and they are honest in their business relationships); c) "opportunity obsessive" (entrepreneurs are acutely aware of customer needs and market realities); d) "tolerant of risk, ambiguity, and uncertainty" (see "risk-taker" above); e) "Creativity, self-reliance, ad adaptability" (being flexible, open-minded, and uncomfortable with the "status quo" defines an entrepreneur); and e) motivated to excel (being goal-oriented and fully aware of their own flaws and weaknesses is important) (Longenecker, 16). Are entrepreneurs working in corporations different? According to Morris, et al, some managers that act out entrepreneurial behaviors in a "revolutionary manner" tend to "cross the line of good judgment

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