Wednesday 28 September 2011

Motivation of Entrepreneurs

This blog is aimed at understanding what it takes to become a successful entrepreneur...

- Creativity: Inventing new products, taking existing products and improving them, taking exisitng technologies and finding new uses for them, profit signalling mechanism.
- Taking calculated risks: Doing something completely different to your competitors, re-searching chances of success, making informed decisions.
- Initiative: to gain competitive advantage, finding a gap in the market, to push your idea forward, indentify if your product will work.
- Hard working: Being dedicate to your business/idea and putting in the necessary hours of work.
- Resilience: Being able to take criticism and improving your product, not giving up when your idea is put down by others.
- Self confidence: The ability to believe in yourself, being an outgoing individual who can encourage others to invest or purchase your product/idea, believe that you can make your idea work.

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