Great entrepreneurs are invaluable to business, the economy and to society as a whole. An entrepreneur venture is one of creativity and hope, surrounded by innovation, which is essential to the development of business. In this article you will learn about what an entrepreneur is exactly and how Sinnaps, the online project management app can help get you going with your own entrepreneurial ventures!
Índice
Introduction to Entrepreneurship
The nature of entrepreneurship is based in creating one or many businesses and scaling it or them to generate revenue and profits. Entrepreneurs are also characterised by developing new and creative ideas, some of which can help to transform the world for the better by solving problems that exist. Entrepreneurs help to improve and grow the economy, even helping to lower unemployment rates. This is why many Governments have initiatives to support them and their business ideas.
Entrepreneur Personality Traits
Entrepreneurs are each in themselves their own person, with their own individual personality characteristics. However, there are a few common personality attributes of an entrepreneur that are essential to their success. The following are some traits of successful entrepreneurs:
- Passion
- Motivation
- Optimism
- Creativity
- Not afraid to take risks
Are Entrepreneurs Born or Made?
This is an age-old question around which are surrounded many different opinions and debates. It is very reminiscent of the nature or nurture argument. The truth is that a lot of research shows that entrepreneurs are, in fact, born, however this comes as hard to swallow for many people who believe that hard work and perseverance can get you anywhere you want to be in life. Taking this into consideration, even though a lot of research says that entrepreneurs are born and not made, don’t let this scare you from trying your hand at entrepreneurship, especially when there is project management software as effective and easy to follow as Sinnaps available to you.
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Classification of Entrepreneur Types
Having outlined the most important characteristics of an entrepreneur, we can now move onto to looking at the various types of entrepreneurs in terms of business:
- Business entrepreneur: This is the most common type of entrepreneur. They create a new idea for a product or service and then create a business to bring their idea into reality. This requires a lot of careful planning and the right team behind you, all of which Sinnaps can help you do with the various project management tools that it provides.
- Trading Entrepreneur: This type of entrepreneur focuses on the trading of the product or service and not on its manufacturing. They are tasked with identifying markets with potential and work towards stimulating demand for their product or service. Identifying potential markets requires in-depth research that is sometimes difficult to keep track of. However, with a project management tool such as Sinnaps, all of the work that you carry out can be documented and kept in one safe place on the cloud.
- Industrial Entrepreneurs: This kind of entrepreneur focuses mainly on the manufacturing of products and how the way in which they are made can help to meet consumers’ critical success factors. This is a very product-orientated entrepreneur.
- Corporate Entrepreneur: The personal entrepreneurial characteristics of this kind are centred around creativity and innovation, especially in terms of how a business is run. These entrepreneurs manage and organise business in a new and modern way. They understand the needs of the modern workforce and that often people today tend to be decentralised creating a need for a software that is accessible to everyone involved with projects at any time and anywhere, precisely what Sinnaps offers.
- Agricultural Entrepreneur: The entrepreneurial values of an agricultural entrepreneur are to do with improving agricultural conditions and work, to make it easier to carry out. Mechanisation and technology applied to agriculture are often seen from this type of entrepreneur.
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Features of Entrepreneurship
If you’re wondering what makes a successful entrepreneur, taking into consideration some of the following features can help to answer your question. Having understood the most important characteristics of an entrepreneur, let’s take a look at some of the most common features of entrepreneurship:
- Innovation: This is what entrepreneurs do. They innovate. Fresh and new ideas that the marketplace has not seen before are essential for success and market advantage. Anyone can produce something that already exists, but it takes and entrepreneur to create something new and different.
- Human Potential: Leadership abilities and skills, creativity, ambition for success and other factors are what make and entrepreneur and what helps them to develop new ideas and to succeed. Apart from the entrepreneur themselves, they also need a competent team around them.
- Value: Most entrepreneurs provide value to society, the economy and to business from the development of their new ideas. They often create ways in which to improve our quality of life and to make everyday tasks easier and more efficient to perform. Many entrepreneur facts will show you the value of their activities.
- Risk: Entrepreneurs cannot be afraid to take risks. Most are major risk takers. These risks are what allow to see if their idea will work or not as usually, it has never been done before. A lot of the time, the risks have a great return.
- Try not to just Focus on the Product: Having a good product or service that is new and innovative to bring to the market is very important for entrepreneurs. However, it is essential not to forget about the other factors that would help bring the idea to reality and to place equal importance on aspects such as choosing the correct business mode, people and processes. Many well known entrepreneurs will tell you about the importance of the bigger picture.
Overall entrepreneurs are very goal driven and creative people that are able to think outside the box. They are essential to our society and to all businesses, inside of which they are classified as intrapreneurs. In this article you have learned about the traits and characteristics of an entrepreneur, what entrepreneurs do and how Sinnaps, the project management software can support entrepreneur and entrepreneurship ventures become a reality. 😊
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