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What Defines A Successful Entrepreneur?

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                                           What Defines A Successful Entrepreneur?
                                                              By Nick P. Bentley



   Do you dream of sacking your boss? Do you feel an urge to succeed in business with just a good
idea and a lot of hard work?

An unstable economy and increasing costs makes most of us too nervous to consider such a drastic
move. Being a successful entrepreneur requires you have certain qualities and characteristics and a
certain mindset.

That 9 year old selling lemonade on the sidewalk on a hot summer’s day is really a successful
entrepreneur. He or she is betting that a cold glass of lemonade will appeal to many people walking
pass. He must be sure he's got plenty of lemonade, cups to serve his product, a table and a box for his
money to make change for his customers. That’s the entrepreneurial spirit.

A successful entrepreneur must have a little of the risk taking spirit. You must be willing to risk losing
your capital, while realizing the opportunity can also pay off in a big way. You've got to be willing to
take a chance on something, anything. You've got to be a creative thinker, decent planner,
well-disciplined, organized, persuasive and lastly, well funded. A good product would certainly help as
well.

Let's look at each element of a successful entrepreneur.

Do you have that risk taking spirit? Remember, if things go wrong, you stand to lose the capital you've
invested. Can you accept such an outcome?

Creative, innovative thinking demands inspection of your idea from all angles. Sketch out a number of
ways you might execute your plan. There is always at least several different paths. Look for flaws in
each preliminary plan. A successful entrepreneur irons out the details before launching the project.

Which brings us to planning and organization - A successful entrepreneur knows that these skills are a
necessity. Try to anticipate the monkey wrench you might run up against. Do your homework, and do it
thoroughly. You want to eliminate every possibility for failure due to lack of planning. You must be
organized and disciplined enough, along with good alternative options and routes in place when an
obstacle presents.


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If you can tackle your objective with these attitudes in place, you are on your way to being a successful
entrepreneur.

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                                   Be A Successful Work From Home Entrepreneur
                                                      By N. Robbins



A work from home entrepreneur does many things and people are impressed with how their mind
works. They have to juggle many different things each day. Are you ready to be a work from home
entrepreneur?

How does a work from home entrepreneur become successful?

 Great business ideas are what drive a work from home entrepreneur. Once the entrepreneur has a
business idea they must research it to see if it is feasible. They can only decide if they should file the
business idea away or if they should pursue it after they have gathered all the needed information. If
the work from home entrepreneur decides to pursue their business idea they will now need to focus on
generating the needed capital.

 Work from home entrepreneur projects are very carefully thought out and planned. To determine if the
business idea is feasible the entrepreneur must do demand research very carefully. The aim of a
work from home entrepreneur is to earn money, and entering an already established and saturated
market will not accomplish this. The business would be a failure before it gets started with this kind of
market due to the extreme competition.

 To be a successful work from home entrepreneur, they must work on the following concepts,
compounding capital, speed of business returns, ROI or return on investment, economy of scale, and
many others.

 The entrepreneur must know these concepts before they can become successful. If they have already
taken a business course then they are ahead of other new work from home entrepreneurs. If the
entrepreneur has not had a business course then I would highly recommend one be taken.

 Along with education, the work from home entrepreneur must have the right qualities and an attitude
to be successful. At least in the beginning, and maybe beyond, they must be a hard worker and willing
to work long hours.

 The entrepreneur will need to spend about eight percent of their time encouraging customers and
subscribers. If their work from home business is Internet related, their business will fail unless they
learn how to attract a lot of traffic to their website.

 Is the entrepreneur a risk taker? To be a successful work from home entrepreneur risks must be taken
and the entrepreneur must not be afraid of them. Risk taking must be done only after the proper
research and a careful study to determine the chances of success. The entrepreneur must not take
risks blindly or they are setting their work from home business up to fail.

Some new work from home entrepreneurs are afraid of taking risks because they are afraid of failure.
Successful entrepreneurs learn from past failures and some have failed several times.

 The work from home entrepreneur should be well organized and should know how to deal with all
kinds of people. For their business to succeed, they should win the trust of their subscribers and


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customers while building good will.

 If the new work from home entrepreneur has these qualities then they are well on their way to
becoming successful.

 Most work from home entrepreneurs choose an online Internet business. There are many
opportunities waiting for the work from home entrepreneur online. The online business takes less
money to start and to keep running. It is also the easiest to expand when the time is right.

 Are you a work from home entrepreneur that already has a business idea? Do your homework, start
your business and become a successful work form home entrepreneur.

Nial Robbins is the owner and webmaster of http://www.NDR-HomeBiz.com, the site for the 
best home business opportunities, free Internet home business training, as well as ideas for a work
from home entrepreneur and earn money at home . Get your own money making home business site
set up free today.You may publish my article provided you include the resource box at the end.




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Related eBooks:

Be A Successful Work From Home Entrepreneur
Are You An Entrepreneur?
How to create Abundance
Is Education needed to be an Entrepreneur?
How to Become a Successful Online Entrepreneur

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