What does it takes to be an entrepreneur??

I think its not a designation, being an entrepreneur is a mentality. Its the way you think, not the title that you own. People think that just because they have a vision, that's good enough to qualify as an entrepreneur.

Are you self-driven ? Are you the kind of person who takes initiative or are you the kind of person who needs to be pushed into action. An entrepreneur can be spotted in an office, at a public park, in the queue at the railway station, anywhere. You can tell an entrepreneur by his eagerness to take initiative.

A person with clear vision always leads with his positive attitude in every field. An entrepreneur should have capability to face unforeseen circumstances on the way to reach his goal...

People after their education and having acquired different type of experiences in their profession wish to start their own business. But everybody can not start their business they like that requires finance, the ability to run the business, and the organizing & resource mobilization capability, and also the acumen in dealing with the human resources. Hence certain people prefer to remain in services.

Then what makes people to become an entrepreneur, the DIFFERENT THINKING only. The successful people think differently and they differ from others in doing things in a better and remarkable ways. They are well equipped to face challenges and do things differently to make a mark.

In case of professionals turned entrepreneurs, they may not be able to do certain things as they like due to their bosses who are sitting in the helm of affairs. Under the circumstances, their dreams could not be converted into the action or realization. Therefore, these category of peoples venture into starting on their own and becomes the kings of their own empire.   

Thanks for the referral Ms. Veena.

Veena; I appreciate your efforts.  Entrepreneurs would like to know more about black stone group too.  An entrepreneur, ideally looks for an opportunity; innovates to be there and standardises to continue to be at the place of opportunity.  Funding is very crucial.

To be an entrepreneur is to have an attitude to make difference in the society.To make the presence felt in society by creating employment, wealth to the nation and society. Money, status, recognition comes in as a package automatically if the above mentioned are performed responsibly. But this thought is triggered by THE ATTITUDE TO MAKE DIFFERENCE

To be an entrepreneur one needs to be very passionate about what he plans to do.  This will trigger his inner drive to do better.  He has to do a proper SWOT analysis to create a UNIQUE SELLING PROPOSITION to carve a niche against the competition that exists.

It's A Calculated Gambling And Risk Taking Tendencies...

The govt.should encourage in leaps and bound for Entrepreneurial qualities

the self help group

To be a Entrepreneur is good for proving yourself with idea and skills,which you have. 

everybody wants to win but very few have the courage to begin,take a risk.In spite of having all the virtues attributed by all our friends,one who is courageous to take  a risk and has the endurance to withstand all the stress and strain becomes a successful entrepreneur.One who sees the invisible does the impossible.

More than 80% START UPs shut down within first 3 Years!!Not because they lack Money OR Positive Mental attitude OR Skills.Its primarily because they lack the ability to persuade others toward their ideas or merchandise.In reality”Selling is one of the top 3 skills a CEO needs.The other TWO  are listening and delegating”Book Ref: HOW TO ACT LIKE CEO by D A Benton

One of them is GUT FEELING towards their idea (be it a hobby or the need of the market) & POSITIVE ATTITUDE towards any situation (whether personal problem or red-tapism). And the most is the PATIENCE, till your idea turns into a Venture. Not only in a Venture but in a viable big business. And also one cannot calculate the marketing trends & predict the Break Even, easily in short run.

And above all Entrepreneurship is another name for RISK TAKING (calculative risks).

In short it not complicated to construct a business, but it’s difficult to run it & sustain the relations (Customers, Employees, Suppliers, Government, Shareholders & most with the FAMILY).

Human beings live in a society, to do any entrepreneurial activity the entrepreneur is dependent on the society, be it product, service, concept etc.  Unlike government body an entrepreneur do not have the tax axe, nor can he arrest or serve search warrant, so he has to rely  on the society where he lives or operate where such environment exist or he has to create it.

It is the entrepreneurs who create wealth (capital in terms money, human resource, physical assets intellectual property, new operating standards) by mobilizing existing resource in a country thru their initiatives; the government is a canopy to provide guidelines to allow such initiatives to bear fruits.

Entrepreneur makes the ordinary extra-ordinary, as they themselves are extra-ordinary, look at Bill Gates an ordinary college dropout became “extra ordinary” now feeding more than half of the world, it took him some three decades writing software codes for x86 Intel chips to reach where he has reached today. Is it “passion”? Is it “conviction”? Is it “vision”? Or was it that IBM kick from the PC DOS project!! Today IBM recommends Windows 7 for their Think pads & desktops, with Intel inside. So who kicked whom? Microsoft head office is located in Redmond a city in USA not on Moon or Mars or Andromeda galaxy or in some remote cave in Afghanistan.

Thank you Veena.

 Courage/ Faith/ Dynamic/ Simplicity / Focus/ Knowledge/ Relations/ Capital/ Endurance