09 Oct 10 3 Traits of a Successful Entrepreneur
What makes an entrepreneur tick? Why some becomes successful and other fails? What should I do to be successful in my field? The questions regarding entrepreneurship could be many. Different people ass different questions, but when we look closely every question boils down to this: how can I be successful as an entrepreneur?
It is believed that there are many factors that need to come together to make an entrepreneur tick. There could be many factors, but in my mind, there are only 3 things that you need to put right in order to be successful as an entrepreneur. And for the rest? They will take care of themselves.
Ability to see the need gap
To me, a prime difference between an entrepreneur and small business owner lies in the fact that small business owners follow the pack. He or she sees an opportunity and hop onto that with full gusto. There is nothing wrong in it, but doing what others are doing is not something entrepreneurs are after. They are more concerned about fulfilling the need gap.
A successful entrepreneur has the knack to find the need gap.
Ability and dedication to find the solution
For anyone to be called an entrepreneur, he or she has to have the ability to find the solution for the need gap he or she has recognized. A solution needs to be found, just knowing the problem is not enough.
A successful entrepreneur knows that the solution might not be immediate, but if he works hard, he will be able to find solution to solve the problem (need gap) he has identified.
Passion for the work
A successful entrepreneur is passionate about what he does. It is not a meager feat to identify a problem, that too on an ongoing basis. Identifying the problem may come easy, but finding a solution to it never comes easy. And an entrepreneur has to be fanatically attached to the problem to be able to find the solution, regardless of the odds.
The aforementioned traits may look nothing, but they pose the most insurmountable challenge for an entrepreneur. Those who get ahead of these, succeeds, and those who do not fails.
Tags: 3 Things, Dedication, Entrepreneur And Small Business, Gap, Gusto, Insurmountable Challenge, Knack, Odds, Passion, Small Business Owner, Small Business Owners, Successful Entrepreneur, Tick, What Makes An Entrepreneur
09 Oct 10 3 Traits of a Successful Entrepreneur
What makes an entrepreneur tick? Why some becomes successful and other fails? What should I do to be successful in my field? The questions regarding entrepreneurship could be many. Different people ass different questions, but when we look closely every question boils down to this: how can I be successful as an entrepreneur?
It is believed that there are many factors that need to come together to make an entrepreneur tick. There could be many factors, but in my mind, there are only 3 things that you need to put right in order to be successful as an entrepreneur. And for the rest? They will take care of themselves.
Ability to see the need gap
To me, a prime difference between an entrepreneur and small business owner lies in the fact that small business owners follow the pack. He or she sees an opportunity and hop onto that with full gusto. There is nothing wrong in it, but doing what others are doing is not something entrepreneurs are after. They are more concerned about fulfilling the need gap.
A successful entrepreneur has the knack to find the need gap.
Ability and dedication to find the solution
For anyone to be called an entrepreneur, he or she has to have the ability to find the solution for the need gap he or she has recognized. A solution needs to be found, just knowing the problem is not enough.
A successful entrepreneur knows that the solution might not be immediate, but if he works hard, he will be able to find solution to solve the problem (need gap) he has identified.
Passion for the work
A successful entrepreneur is passionate about what he does. It is not a meager feat to identify a problem, that too on an ongoing basis. Identifying the problem may come easy, but finding a solution to it never comes easy. And an entrepreneur has to be fanatically attached to the problem to be able to find the solution, regardless of the odds.
The aforementioned traits may look nothing, but they pose the most insurmountable challenge for an entrepreneur. Those who get ahead of these, succeeds, and those who do not fails.
Tags: 3 Things, Dedication, Entrepreneur And Small Business, Gap, Gusto, Insurmountable Challenge, Knack, Odds, Passion, Small Business Owner, Small Business Owners, Successful Entrepreneur, Tick, What Makes An Entrepreneur
04 Sep 10 How a Virtual Assistant Could Skyrocket Your Profitability
A virtual assistant is one whom you hire off the Internet and who lives in a remote location away from you. In most cases he or she lives in a developing country, and because of which he costs less to the employer than a regular employee would.
But, why people got involved with virtual assistants, if their works were successfully done by regular employees, and whom the employer can monitor from the comfort of his office? This question quizzes everyone who has never used a virtual assistant for his business and for these people only I have written this article. Read it to the end and you will know why to use a virtual assistant.
Why to hire a virtual assistant
Low cost
By charging less and allowing extra cash to sit in the employer’s pocket, a virtual assistant gives a competitive advantage to its employer which is hard to match using a regular employee. A small business owner hiring a virtual assistant has an unfair advantage. He can attack the competitors by lowering the price below the industry’s norm. He can do it as his operation cost is low.
Comparable quality
When compared, the output produced by a virtual assistant is same as the output of a regular employee of the similar capability. If both of them produce comparable results then why to hire one who costs more?
Operational flexibility
A company that runs an online business could keep his operation manned 24X7 by hiring a person from across the globe. If you are in the United States then you can hire a virtual assistant from Asia, so that your virtual assistant works when you sleep and sleeps when you work. This way you could keep your online shop open and manned the entire day.
Use as a Swiss knife
You can use a virtual employee as a Swiss knife by making him do all kinds of administrative and promotion jobs. Unlike most of the regular employees, a virtual employee keeps himself involved in many fields.
Hire a virtual assistant and see your profit skyrocketing. I have seen many small and mid-size businesses transforming themselves by hiring one to do the works for which the presence of an employee in the office is not required.
Tags: Asia, Capability, Comparable Quality, Comparable Results, Competitive Advantage, Developing Country, Extra Cash, Globe, Manned 24x7, Norm, Operational Flexibility, Profitability, Question Quizzes, Sleep, Small Business Owner, Swiss Knife, Unfair Advantage, Virtual Assistant, Virtual Assistants, Virtual Employee
