To be a truly successful entrepreneur, there can never be any doubt in your mind that you will accomplish your goals, even if you must occasionally alter your plans or refine your targets. Your success is as much a matter of your belief in yourself as it is of the skills you will develop on your journey.
One of the key features firstly is respect, throughout the organisation there must be a mutual understanding as to who is who and what their roles are, staff are encouraged to have respect for each and every member of staff regardless of their responsibilities. It is not realistic to assume that each staff member will get along and be the best of friends, however in the work environment we aim to leave personal issues at the door, if there is lack of respect between colleagues this can impact not just group performance but individual performance and ultimately impact the service that the organisation is providing. It is vital that any issues which do occur within staffing groups are communicated to the manager or senior to find a solution, additionally there must be respect for these positions in order for the team to be managed properly otherwise individuals may not understand the boundaries as an employee and therefore do as they please, inevitably damages the trust between management team and staff team.
To conclude I would cite the philosopher Ralph Waldo Emerson: “Do not go where the path may lead, go instead where there is no path and leave a trail.” Being an entrepreneur means being able to go where nobody else went before you, being able to take risks, being able to see opportunities where nobody has looked before you… In my mind there is different ways to succeed in
Customers: They are the people who shop and regularly visit the company. They assess the financial position of its suppliers which is necessary for them to maintain a stable source of supply in the long term.
The quotes above represent many of the truths I learned along my journey towards entrepreneurial success. Below are a few interesting facts about my journey to success that I would like to share with you. Through them, you will see, I am just like you. If I can find success, so can you:
If you could start any business right now, knowing it was going to be successful before you even started, what business would you start? Stumped aren’t you. While the answer of this question may come easy to some, it does not for most others. This is a question that I used to form my own company. First, let me give you some crucial background on myself. I love business, and since I was in sixth grade, I knew that I would study business in some form or another. I sold candy in middle school and in my senior year in high school. This year, I have started a calculator renting business and a clothing brand called “Entr3pnr™” that encourages people to become and think like entrepreneurs. To me, the calculator renting business only serves as passive income for me; however, I have a vision for my clothing brand, “Entr3pnr.” Ideally, I want to grow it to be large enough so that it becomes a full time job, so I will never have to actually work for another person a day in my life. However, I am not writing this paper to discuss my businesses. I am writing this paper to illustrate the position I take on entrepreneurs and entrepreneurship. The position I am taking is that everyone should strive to be an entrepreneur at some point in his or her lives. Before I get into the arguments of my thesis, I must first define the word entrepreneur. According to Webster, an entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in
Satisfying the customers by its service and giving them a good response and getting a good feedback from the consumers. Getting the detail information of the customer’s needs and demand.
I also got to learn about the skills and characteristics of a entrepreneur. You need lots of traits to be a entrepreneur. You need to be able to be flexible and self-reliant, be able to structure yourself is very important. You must be confident and be able to take risks, being an entrepreneur means knowing when to take action and when not too. You have to have traits like patience and creativity, a entrepreneur must be able to be resourceful and must be able to see problems when they occur. You have to be able to work
Organization need to make sure information from customers is fed back into the heart of the organization. In essence all activities in the organization are based around the customer. The customer is truly a king!
Being an entrepreneur is the dream of many, but as most people who try it, know it is not an easy task. “The simplest explanation for the failure of business is that it ran out of money” (Kurowski, 1997, Para 2). Whether it be understanding the market, preparing a full plan for business, or knowing how you will advertise, you must be knowledgeable in your field of work. Most people attempting to start their own business fail to realize this and will fail within their first year of work and shut down as a result.
By providing exceptionally great customer service, you will not only make happy customers, but you’ll have customers who will continue to come back. In the short run, this may end up costing your company a bit more money, but in the long run you’ll see the benefit, because each customer will not only spend more money with you, but they’ll tell their friends about the great experience they had with your company.
Mahadevan (2014) stated that, “The better the business can manage the relationships it has with its customers, the more successful it will become” this shows that organisations today need to understand its customers in order to succeed.
While it may seem counterintuitive to strike out in a different direction and into unfamiliar territory, that trajectory puts one into a position of learning, being open-minded, and relying upon others for help. Those ingredients contribute to a recipe for entrepreneurial success because they force one to evaluate the entire business system from a new and fresh perspective. And they set the stage for working on the business without having to actually be physically in the business on a day-to-day basis. That premise of designing a business that works for its owner – rather than the owner working for it all the time – is vital for becoming a real entrepreneur versus becoming simply the most important employee of one’s own selfemployed venture. Those who understand that fact can rise to the next level of entrepreneurship. Level Two: The Managerial Perspective Those with a managerial outlook are often in a great position to succeed as entrepreneurs, expect for two big misconceptions that lead to massive problems. Many managers believe that if a business is not working, the solution lies in hiring more employees. They throw extra bodies at the problem, but this only aggravates the situation because it fails to address the underlying root cause of the difficulty or lack of profitability. Another