Tuesday, November 24, 2009

Personal attributes of an Entrepreneur

Running your own business successfully requires a wide range of skills and personal attributes, before going into it alone you must be sure that you fit the bill" - Unanimous
The success of any venture, may it be business or personal, as I have seen it, depends on it's relevance to Personal Interest, Educational Background and experience.
However, there are common characteristics in all failures which need to be avoided. Success is no mystery but simply the result of consistently applying some basic principles. Basic characteristics of a human that contributes to success...
1. Attitude
2. Motivation
3. Self-Image
4. Self-Esteem
5. Inter-Personal Relations
6. Habits
7. Goals
8. Values & Vision
If you evaluate your business idea based on your abilities categorized into the above 8 factors, the end result will be obvious. If your answer comes out to be negative, you might be better advised to reconsider whether starting up a business is really for you. It really is a massive undertaking and not having the proper attributes and character traits may well spell the difference between the success and failure of your venture.

1 comment:

Anonymous said...

Dear Vivek Sir;
Thank you for sharing your experiences and enlightning us yesterdat at MITSOM.
The "projected business" Vs "reality" as demonstrated through the "Attitude" presentation referencing to CAR on HIGHWAY was a real eye opener.

I personally could relate myself to most of the events and topics you covered. Thank you for taking efforts in explaining the topic to the level where most of us could get excited about.

Best,
Shweta S.