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Business Insights
ENTREPRENEURSHIP
A typical entrepreneur is not anymore
RISK SEEKING
than a typical manager
• Strong leadership qualities
• Highly self-motivated
• Strong sense of basic ethics and integrity
• Willingness to fail
•...
• Strong leadership qualities - you will get in wrong from time-to-time!
• Highly self-motivated – keep going, in spite of...
An entrepreneur is a person who
organizes and manages
any enterprise, especially a business with
considerable initiative
D...
• Entrepreneurs are clever risk managers, seeking to mitigate risks.
• Entrepreneurs don't avoid risk, but rather seek to ...
Try it for yourself
• Develop a more entrepreneurial mid-set
• Initiate things, solve problems, get things done
• Take the...
Join our COMMUNITY
• Put your entrepreneurial talent into action
• Share your insights with others
• Be recognized by your...
Thanks for watching
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Entrepreneurship: Are Entrepreneurs risk takers?
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Entrepreneurship: Are Entrepreneurs risk takers?

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Did you konw that the average entrepreneur is no more risk taking that the typical manager.

Published in: Business, Education
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Transcript of "Entrepreneurship: Are Entrepreneurs risk takers?"

  1. 1. Business Insights ENTREPRENEURSHIP
  2. 2. A typical entrepreneur is not anymore RISK SEEKING than a typical manager
  3. 3. • Strong leadership qualities • Highly self-motivated • Strong sense of basic ethics and integrity • Willingness to fail • Serial innovators • Know what you don't know • Competitive spirit • Understand the value of a strong peer network Traits of a successful entrepreneur
  4. 4. • Strong leadership qualities - you will get in wrong from time-to-time! • Highly self-motivated – keep going, in spite of obstacles/failures • Strong sense of basic ethics and integrity – don’t cut corners! • Willingness to fail – don’t be scared of failures, learn from them • Serial innovators – solve problems with products/services/processes • Know what you don't know – surround yourself with experts • Competitive spirit – play to win and have fun doing it • Understand the value of a strong peer network – collaboratex 10 …in the context of risk (and reward)
  5. 5. An entrepreneur is a person who organizes and manages any enterprise, especially a business with considerable initiative Definition of an entrepreneur
  6. 6. • Entrepreneurs are clever risk managers, seeking to mitigate risks. • Entrepreneurs don't avoid risk, but rather seek to manage it through thoughtful experiences and leveraging resources But how? • Do you perceive the relevant risks and have you taken steps to mitigate them? – Ask Others! • Weed out the weak ideas and inspire revision of the good ones! • The average entrepreneur changes business models six times prior to launch, be prepared to change yours Successful Entrepreneurs…
  7. 7. Try it for yourself • Develop a more entrepreneurial mid-set • Initiate things, solve problems, get things done • Take the lead on projects, ideas and actions • Be the one to make it happen, not the one who watched it happen or the one who wondered what happened! • Reduce risks and increase success • Identify as many risks as possible • Ask others to help point out the risks (they will love this) • Prioritise and mitigate as much as possible • Reflect on the process • Contrast where you started with where you end-up (iterations) • Highlight your successes and learn from your failures • Share your feedback and earn credits for online purchases from our site www.101businessinsights.com
  8. 8. Join our COMMUNITY • Put your entrepreneurial talent into action • Share your insights with others • Be recognized by your peers as an expert in your field • Earn credits for each Insight that is published • The more you contribute the more credits you earn • Redeem credits for on-line purchases • Check out www.101businessinsights.com/index.php/contribute
  9. 9. Thanks for watching FOR MORE BUSINESS INSIGHTS SUBSCRIBE NOW www.101businessinsights.com

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