Forums: Discussions for entrepreneurs and small business.

I think being an entrepreneur is neither genetic nor a calling. It is a resolve. Thus it is a resolution.

A successful entrepreneur is a product of several factors, key of which is mental strength. I believe that without the strength to venture out to the unknown and to face all attendant challenges, no entrepreneur will survive.

An entrepreneur is also adaptable and innovative. He studies trends and predicts the future. This leads to action that improves the business or saves it in times of peril.

One more quality is risk taking and risk management. Being able to assess the business environment fast and as accurately as is humanly possible, the entrepreneur takes risky but studied risks that may or may not be appropriate. Without taking risks, no business can survive. But to be able to take a risk, one must have the skill and experience gained from wide and deep training as well as mentorship.

These are only three qualities. There are hundreds more that I believe are critical to the definition.

I really think that being an entrepreneur is being able to see the opportunity in a variety of situations.  I believe it goes beyond just business.

An entrepreneur is someone who decides to take up a (business) opportunity at the cost of being exposed to risk.

Nice article. Thanks.

I personally don't think entrepreneurs can be pegged. Ironically a lot of successful entrepreneurs did not do so well in school. They were odd - thought differently. Many were drop outs.

Entrepreneurs often see things before they exist. Visionaries. If you are one and feel out of sorts - WELCOME!

Society may initial laugh at you - but if you stick to the vision and provide a product or service that facilitates daily living for a segment of the population, your critics will become your customers and some may even one day call you BOSS.

I have been a entrepreneur for over 30 years in several different fields. There is nothing like working for your self. You have no one to blame when things go wrong. You do not have a boss breathing down your neck either. Being a entrepreneur is not for everybody. Some people need to be told were to go,what time to be there,how long to stay and so on.

anyone that has a passion to build nothing to something and has original ideas is an entrepreneur imo

Being an entrepreneur is more of a mindset than anything else. It's tied closely to the idea of the American Dream - the idea that we shape our own destiny. It's also the belief that we are responsible for our future, finances, and results in life.

It's taking a risk, making life an adventure, and growing as a person and as a business owner.

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In my opinion, entrepreneurs are funny and irrational animals (I'm one of them). Statistics show that only 1 out of ten new businesses survives beyond 5 years. In other words it is safer to go to Vegas and put all your start up capital on black or red and let it roll.

The amazing thing is that we all think that we are the one out of ten person and you know what, that's ok. I believe the secret of successful entrepreneurship is persistence. Because if you try ten times, you are bound to eventually hit the "one out of ten" business idea.