Essential qualities of entrepreneurs

Every entrepreneur should have some key qualities as well as some qualities which differentiates him from other entrepreneurs. The article ” For entrepreneurs, timing is everything” written by Mark Evans in the Globe and Mail talks about the extreme essence of timing for any entrepreneur.

An Entrepreneur is a person who organizes or makes a business, usually with both initiative and risk. He is the person who decides how the business would run, the business’s structure and design, and the culture of the company. As he is the ‘main boss’ of the company, he ought to be disciplined, calm and risk tolerant.

In the article, Evans talks about his entrepreneur friend reply’s and reasoning, when he asked his friend about the starting of his own law firm. Evans argues that he could have started his own firm long time back. To this his entrepreneur friend replies that the timing was not right for him then to start his own business then, as he was incapable to make the commitment which involved a degree of risk.

Another essential quality that every entrepreneur should have is that, they have to be able to take decisions at crucial moments. After all, it is his company, so he is the one who has to always take the final call.

 

Reference – http://www.theglobeandmail.com/report-on-business/small-business/for-entrepreneurs-timing-is-everything/article2224284/

 

 

 

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