Making the most of your Entrepreneurial talent
June 21, 2006 by
Adam
Filed under
Entrepreneurship
Well this is officially my first post on Blogtrepreneur.com, and I would like to take the opportunity to focus on the real benefits of being an entrepreneur.
Recently, I have seen many people claiming to teach entrepreneurship. Although I agree that the skills involved in being an entrepreneur can be taught, manipulated and improved, I would have to say that the drive and motivation possessed by many budding young entrepreneurs today cannot be taught. I, for example, never had a money-motivated background or family, in fact, I took many of my life luxuries for granted.
However, I always had a passion for making a lot out of nothing. Whilst becoming the next best eBay mastermind can help you get to a position of strength, there are sill a lot more qualities that many entrepreneurs possess. One of these is the ability to strive for success. Giving up is simply not a term in the dictionary of an entrepreneur.
According to Wikipedia, “Business entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional, or financial risk to pursue that opportunity.” This in itself is proof of the pudding that entrepreneurship cannot be inherited, as the decisions that such a person makes are based truly upon instinct and character.
Whilst an entrepreneur may possess this remarkable trait, it seems to me that today, this attribute is not being used enough. I read that this year the UK alone had the highest number of business closures. What does this mean?
This fact simply states that our British businesses are taking the easy option out of a difficult situation. Many simply choose to back-out of a seemingly dead-end situation.
Although these people may have reasonable excuses, without trying to sound too spiritual (!), they have been given a talent which has not been used to the full extent. My advice is that if you are in a difficult situation, or find that you are facing a “brick wall”, take a moment to reflect upon what your goals are for the specific project and what you hope to achieve by pursuing this idea.
This step has definitely helped me to keep on track as the next big entrepreneur, and a step which has enabled me to be writing for you today as the Blogtrepreneur. So once again, welcome to my site, feel free to look around and contact me, and always make use of the talent you have been given to build up your entrepreneurial empire!
Great to see that you haven’t given up on the whole entrepreneurial game and that you have found some renewed vigour in pursuing your efforts.
I agree with you on your assessment of what defines an entrepreneur. To borrow a phrase from the football pundits, ‘bouncebackability’ is an essential quality in making a success of any venture in life. Having the ability to overcome the inevitable hurdles and failiures as well as the qualities that you mentioned is probably one of the best assessments of the character of an entrepreneur.
Thanks for the comment Peter,
I definitely agree with you that the ability to “bounce-back”, just like our favourite footballers (Rooney!), is a great entrepreneurial gift, and one which should not be forgotten.
I agree that entrepreneurship is more of a character trait than a learned skill. You can learn the tactics of being an entrepreneur, but without the endless drive to invent new things and willingness to take on risk, a learned entrepreneur will not be a true entrepreneur.
Hello adnan,
I certainly agree with you on the term “Failure is not in the dictionary of a successful entrepreneur”. Well thats the thing which i learnt from many of my experiences
regards
aditya
Thanks Aditya,
I think it is our personal experiences too which can have a great effect on how we go about dealing with success or failure.
I know that when I made my first financial loss, I was more determined to succeed with my next ventures.