Several steps are needed to follow for an
entrepreneur, to startup his/her own business, but the very first step will be
to get the idea behind your business.
To explain the word "Entrepreneur",
we need to refer to its French meaning; a French term used to identify a person
who assumes the risks associated with running his own business.
As a Risk Taker, an Entrepreneur must have
certain abilities; including the following:
1) To lead
others
2) To have a high-energy
personality
3) To have self-confidence
4) To have organizational
skills
5) To be able to act
quickly and decisively
6) To believe
in his/her business idea
7) To have the ability
to accomplish business goals
An Entrepreneur, sometimes, is called, "small-business
owner". These owners are innovators who start firms to go after their
ideas and convert their dreams into real life experiences. They're independent,
goal-oriented people, they're creative and competitive.
Becoming an Entrepreneur….find
answers first
There are some questions any entrepreneur should
pose before getting started his new business; such as:
- What is
new about my business idea?
- Are
there similar products or services to the one I will offer?
- Which
market segment I will target?
- How much
cost will be needed for startup?
- Will I
need to develop my product or service afterwards?
- What
technology can I use in processing my products?
- Who are
my current and potential competitors?
- What are
the challenges that can face me in the marketplace? Can I handle these
challenges and overcome them?
Similar questions must be answered by the
entrepreneur himself before taking his first step to start his new business.
Answering such questions can save a lot of further time and effort for him if
he waited until he faces these issues afterwards while running his new
business.
