Entrepreneurship: Planning for Success
a big-looking word, entrepreneurship is pronounced just like it
looks phonetically (Click
HERE to hear). It is derived from the
French word entrepreneur. Entrepreneurship is developing a
business from the ground up. It begins with an idea.
Then, we have to turn that idea into a money-making
business. This is easier said than done.
What does it Take to Succeed?
To create and manage a successful business, one needs a variety
of skills. Exactly what it takes depends on the
entrepreneur, their background & experiences, and the type of
business. Sometimes it also takes a little luck.
Some people believe there is no such thing as luck -- we just
need to be prepared when opportunities come along.
A notable business magazine, Forbes, publishes many articles
about being a successful entrepreneur, including
The Six Disciplines Entrepreneurs Need To Succeed which
includes the following points:
Conducting Market Research:
Doing market research will provide you with key
information about the industry in which you operate.
Testing Your Ideas:
Don't just assume things will work.
Developing Business Plans:
Creating a plan in the beginning forces you to think about
and plan for critical issues you will face down the road.
The Art of Negotiating:
Knowing how to negotiate is one of the most powerful skills
an entrepreneur can acquire.
Saving vs. Spending:
A new business owner should have at least six
months of operating costs socked away before going into
Mental Toughness: If
you’re not resilient, you won’t be able to bounce back from
the setbacks that you will face. Every entrepreneur
inevitably faces setbacks and failures.
. Are You Fit to Be
a Manager? Now You Can Find Out With This Interactive Tool
The Entrepreneur Quiz
Take this informal quiz to see how your personality compares
with the popular profile of today's successful
entrepreneurs. Do You Have What it Takes to be an The Entrepreneur
. Take the
Entrepreneur Test online to see if you have natural
This questionnaire includes 50 statements, and
will take about 10 minutes to complete. There are no right
or wrong answers. Your honest opinion is what counts.
Entrepreneurial potential self-assessment
The 10 Myths of Entrepreneurship
4 Things You Need to Know Before Starting Your Own Business
7 Habits of Young Entrepreneurs
10 Legendary Rules from Legendary Entrepreneurs
[The] 15 Characteristics of Effective Entrepreneurs
Advice for Entrepreneurs (Richard Branson)
Advice for Young Entrepreneurs: Startup America
Entrepreneurship: Motivation Video
[The] Power of Entrepreneurship
Qualities of Successful Entrepreneurs
Starting Your Own Business for Teens
Young Entrepreneurs and Youth Entrepreneurship