What Makes Someone a Successful Entrepreneur?

Have you ever wondered who thought about the idea of creating a multinational retail corporation here in America called Wal-Mart? Sam Walton - founder of Wal-Mart was behind that idea. Sam Walton is an example of great entrepreneur who wanted to make his business successful. An entrepreneur needs a variety of skills but does not need to have a formal education. Being an entrepreneur is challenging even if an individual is well educated on the field or has no education at all. There is always the risk conducting business because of the competition with other companies. However, what does an entrepreneur do? Do you have what it takes to be on top the business world and compete ? An entrepreneur must have is a guide to start and run a business even if it is a big or small business.

People have learned to be resilient in order to overcome serious hardships. A person’s resilience can be seen through how they handle bad experiences; to be resilient in the face of adversity. People who never give up and always fight back even when it gets hard are resilient. Some believe that resilience is a trait that can be learned.

Entrepreneurs support economic activity and growth entrepreneurial process requires capabilities, such as skills, decision-making and business acumen technology entrepreneurs: the danger is having exclusive focus on the product or service without due consideration to whether it addresses a real market problem with customers who would be willing to pay for it.

According to Houston (2014) being optimistic provides improvement to one’s self. Optimism has always been the common element of financial and professional success and improvement. Optimistic persons have more room and chances for improvement than a pessimist. They usually don’t beat over their problems and tries to handle the situation faster. It is extremely

Interpersonal skills are what social equips an individual making them able to coexist in a work surrounding. This skill may vary but they contribute to one thing which is help an individual be more reliable and work efficient.

The most important skill we must cultivate as leaders is our skill as builder of relationships.

Running a business is extremely difficult. Even though there may be plenty of people who make it look easy the process can be challenging. There may be days when you want to give up. When those days come, it's helpful to have somebody there who will motivate you and encourage you. A business trainer will be really instrumental in helping you get through the hurdles that your business may run into. If you want to really experience business growth you'll need to push through difficult times. When it comes to entrepreneurship, it's really about learning and growing and

Optimism: Optimism is being positive and seeing the best in a bad situation. All situations are never going to be the same, and when things go south, it is always good to stay positive. This action is definitely needed when dealing with personal issues and then having to deal with the stress of the workplace.

Interpersonal skills are the skills that are required to communicate with other people. These skills include listening, assertiveness, negotiation, feedback, persuasion, interviewing, and coaching. Everyone is at a different level with each skill based on their personality and background. Although, there are many ways to test and improve these skills, and you can always practice and get better at using them.

Resilience is the ability to bounce back from failures, adversities, disappointments, and rejection. This is needed because bad things happen in life. People who are not resilient see failures as final and give up on their dreams. Resilient individuals learn from failures and continue to reap success.

While the idea of being optimistic may seem simple, many come to understand that looking on the bright side of life is more complex than what meets the eye. While some may think that being optimistic is just assuming that nothing will ever go wrong, they are mistaken. In fact, to be truly optimistic, one needs to instead come to the realization that even though everything in life may not turn out perfectly, one has the power to push through the tough times and find a solution to problems. The true benefit and power of optimism arises from being able to struggle through an obstacle and emerging with newfound knowledge. People every day make the decision to have a sunnier outlook on life and reap the plentiful rewards for a

Entrepreneurship is not an inborn skill; it is a product of environment. It involves a complex of economic and social behavior. To be successful, an entrepreneur has to remain dynamic and responsible to the whole environment. Entrepreneurship can hardly survive under any given circumstances. It can flourish only under right environment. It is a part of total system. The social values, culture, government policies, political system, technology, economic conditions, laws, etc influence the growth of entrepreneurship.

Most successful entrepreneurs exhibit certain characteristics. Some entrepreneurs are open-minded, able to learn quickly, and skilled at conceptualizing.

Business focus, this is profit orientated. This is the long and short term goals for the company in order to grow and succeed.

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