5. “a way of thinking, reasoning, and acting that is
opportunity obsessed, holistic in approach, and
leadership balanced.”
6. Why do some individuals see opportunities where
others see none?
7. He/she is not necessarily an “entrepreneur,” but an
individual who acts and thinks with an
“entrepreneurial mind.”
” The notion that people are born entrepreneurs has
long been discounted, but perhaps it bears repeating
that, instead, entrepreneurs are individuals who
adopt a certain pattern of behavior.
This was Apple’s advertising campaign 1997 – 2002. If you listened to it carefully, you may have picked up words such “invent”, “imagine”, “heal”, “explore”, “create” and “inspire”. These all can be used when describing entrepreneurial attitude. Albert Einstein, Bob Dylan, Martin Luther King, Jr., Richard Branson, John Lennon (with Yoko Ono), Buckminster Fuller, Thomas Edison, Muhammad Ali, Ted Turner, Maria Callas, Mahatma Gandhi, Amelia Earhart, Alfred Hitchcock, Martha Graham, Jim Henson (with Kermit the Frog), Frank Lloyd Wright and Pablo Picasso.
We want to introduce you to Jeffrey A. Timmons, who is known internationally for his research, innovative curriculum development, and teaching in entrepreneurship, new ventures, entrepreneurial finance and venture capitalWe will explain you, how Timmons defines entrepreneurial mind or attitude by referring to Goossen’s report.
Timmons defines entrepreneurship as “a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced.”
First, the entrepreneur will require “commitment and determination” to overcome inevitable obstacles and challenges.
Entrepreneurs are defined by Timmons as ‘patient leaders, capable of instilling tangible visions and managing for the long haul . . . a learner and a teacher, a doer and a visionary.’ Having and communicating a vision is a key skill of both entrepreneurship and leadership.
The successful entrepreneur typically focuses on a single opportunity and pursues it with passion. An entrepreneur realizes that, while there are many ideas in the marketplace, there may be few opportunities, particularly ones that fit the entrepreneur’s skills. Thus, when there is a good fit, the entrepreneur pursues the opportunity passionately.
Entrepreneurs are constantly assessing risks and determining which opportunities to pursue, all the while putting a good portion of their net worth on the line. Ambiguity is high— entrepreneurs must often make choices without knowing all the facts; thus, they learn to exploit available information as much as possible, and to reach decisions without having all the details, as an opportunity may vanish with prolonged deliberation.
entrepreneurshave to welcome and adapt to new environments, even when others pine for the way things have always been.
”Timmons notes, “Entrepreneurs are self starters who appear driven internally by a strong desire to compete against their own self-imposed standards and to pursue and attain challenging goals.”
Timmons presents other desirable behaviors as well, but these are not as acquirable
TWO roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth;Then took the other, as just as fair, And having perhaps the better claim, Because it was grassy and wanted wear; Though as for that the passing there Had worn them really about the same,And both that morning equally lay In leaves no step had trodden black. Oh, I kept the first for another day! Yet knowing how way leads on to way, I doubted if I should ever come back.I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I — I took the one less traveled by, And that has made all the difference. We would like to finish our pitch with a poem by Robert Frosthttp://www.youtube.com/watch?v=ZzUm0wqhE7E
