This website uses cookies to ensure you have the best experience. Learn more

Leadership Characteristics Of A Successful Entrepreneur

955 words - 4 pages

Successful entrepreneurs are specialized types of leaders that have a definite set of leadership characteristics that make them good at what they do--motivate people. Successful entrepreneurs are usually very focused in their vision and are immersed in making their venture successful. A good entrepreneur uses a dynamic and charismatic approach to motivate their employees to feel the same sort of feelings of success that he or she feels towards the ultimate success of the business. Howard Shultz, the founder of Starbucks Corporation, uses a dynamic leadership style, charismatic personality and vision to propel Starbucks as the premiere specialty coffee house in America, and is well on the way to becoming the global name for specialty coffee houses.Entrepreneurs, by the very nature of the definition, are self-starters that are highly motivated to make their business successful. Most people that start their own business do so because they have the personal drive to put their own ideas into a business venture. It takes a very motivated individual with personal convictions to make a business become a profitable and successful business. Obviously, if a person has enough gumption to take the steps to start their own business, then they are, by nature, very motivated individuals that want to make their project succeed. People who are not highly motivated will not become entrepreneurs or will more than likely fail if they try to make a half-hearted attempt to start their own business. To make a business succeed requires a vision of where the company should be after a specific time period. All entrepreneurs know in their mind what they would like their business to be in one year or five years or ten years. Successful entrepreneurs have a focused vision of what steps need to be taken to make their business succeed.The very best entrepreneurs are not only motivated themselves, but are able to spread their motivation to others through a charismatic leadership approach. People that become successful entrepreneurs have the ability to make those around them get excited about the business, just like they are. If the people that work in a company are motivated to work towards making the company a success, then the company has a much better chance of becoming successful. All entrepreneurs are excited about their own business, but not all of them can get the people that work for them just as excited. A dynamic entrepreneur is able to motivate others to want to produce a better product or service because they provide the employees with motivation and direction.Motivation is probably the single most important factor that an entrepreneur can provide to their employees, but creating a shared vision for all to work for is almost equally important. People will work harder for a company that has ideals and principles that they also believe in and share. Successful entrepreneurs are able to create a vision for the company; they provide a goal or ideal that employees and...

Find Another Essay On Leadership characteristics of a successful entrepreneur

Characteristics of a Leader and Two Types of Leadership

1001 words - 5 pages When talking about a leader, there is no set of characteristics that can describe one. But there are a couple of characteristics that may work especially well. Vision is one of those characteristics. A strong vision by definition is the core values of a company. It defines purpose, and describes what leaders see for their business in the future. [2] In every aspect, vision brings meaning to work, and helps people become proactive. A good vision

Characteristics of the Entrepreneur and Maximizing Opportunities for Innovation

1072 words - 5 pages LEARNING OUTCOME (01) – CHARACTERISTICS OF THE ENTREPRENEUR Entry 1 Entrepreneurship is a process carried out by individuals by identifying opportunities and converting them into marketable products or services. Entrepreneur makes an investment, sets up an organisation, markets the product / services and makes profit from it. In my view, to be a successful entrepreneur, one must be confident, should be able to take calculated risk, flexible and

Entrepreneurial characteristics, successful factors, distress they have faced , growth aspirations for small businesses by interviewing a operator of Xinhui ltd

1693 words - 7 pages aspects: entrepreneurial characteristics, successful factors, distress they have faced growth aspirations and where they get support.1. Entrepreneurial characteristicsAn entrepreneur is defined as a founder who is talent and experienced pursuing attractive opportunities, which are able to attract the right and the necessary people as well as financial and other resources to make the venture work. In other words, the entrepreneur is the soul of the

Characteristics of a Leader

1903 words - 8 pages complaints? Why they are? And what are their solutions? Moreover, I will discuss about the leadership characteristics that would need as a manager of health centre, factors contributed to the development of chosen issue, contemporary theory of leadership, strategies that would I used to manage the issues, evaluate the success of these strategies. Body 1.There are number of complaints by patients or consumers. There are number of complaints related to

Characteristics of a Pediatrician

2421 words - 10 pages look only at a student’s MCAT scores; they look at the students’ grades, MCAT scores, recommendation letters from advisors and professors, extracurricular activities and personal and leadership qualities. They will also take into account the difficulty level of the college classes taken. Many medical schools recommend going to a smaller school where there is a greater chance of success rather than getting by as an average student at a larger school

Characteristics Of A Comedy

1203 words - 5 pages Characteristics of Comedy There are many characteristics that make up a comedy. Characteristics such as mistaken identity, battle of the sexes, and jumping to conclusions are what set the comedic story apart from the tragedy. Within a comedy, no matter how much fault, and dismay may appear within the story, there always seems to be the classic ending of “…and they all lived happily ever after…” Comedies capture the viewer with a sense of

Characteristics of a Corporation

926 words - 4 pages There are many ways a corporation can be classified; however the best way to classify a corporation is by knowing the characteristics that makes a corporation. The unique characteristics of corporations are consist of limited liability of stockholders, free transferability of shares, perpetual existence, and centralized management. In relation to John Marshall who is the “chief justice in 1819 defined corporation as an artificial being

Characteristics of a Great Leader

1089 words - 4 pages What makes a great leader, and how can I be that person? Or maybe the better question is, could I be that person? I’ve spent some time this semester asking the people who I considered to be great school leaders what are the characteristics of a good Leader? Two of the most common answers included: A good leader is someone that empowers people to make their own decisions. This sounds good, however, implies that we let the employees make up

Characteristics of a Good Listener

2033 words - 8 pages when this is not practiced, leading to a sense of non-involvement as other things play on the listeners mind. These, tied together, show the importance of passive as well as reflective listening as characteristics of good listener, as well as possessing the ability to know the role you are in when, especially professionally, you have the responsibility of listening. In circumstances of crisis, such as death, grief, or loss, what are the

Characteristics of a Good Friend

695 words - 3 pages characteristics, but are actually rarely reflected upon by most people. If you really want to know if a friend is a good friend, then you have to evaluate them on the following criteria. Loyalty, Accepting, and Sacrifice are the three points that widen up to the treasure a person could catch when being close to someone you call valuable companion."Loyalty" the first action or is what brings upon the fingertips of lies in a good friend's heart. A good friend


527 words - 3 pages PrefaceThis project is a study on the life of Sunil Bharti Mittal, who is the founder and CEO of Bharti Enterprises. This project has been carried out as part of Foundation Course on Business, Entrepreneurship and Management. It has allowed students such as myself to understand the innovative mindset successful entrepreneurs like Mittal. The obstacles that were faced by him as well as his success story will come to be understood through the

Similar Essays

"Select A Successful Entrepreneur, And Outline His Management Styles And Leadership Characteristics. Consider How These Have Contributed To Success, And How They May Contribute To Failure."

1831 words - 7 pages Richard BransonRichard Branson: "An entrepreneur is somebody who is willing to go where others are not. Who doesn't often listen to accountants. Who if somebody says [something is] impossible, is determined to prove them wrong".Pick up any newspaper or magazine and there's a good chance you'll come across a picture of Richard Branson sporting his irrepressible toothy grin and trademark wooly jumper. Airline owner, daredevil stunt man and

Characteristics Of Successful Entrepreneurs Essay

1112 words - 5 pages Characteristics of successful entrepreneurs An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful

How To Be A Successful Entrepreneur

844 words - 3 pages available for kids at christmas. This increases Microsoft's income immensely. The more products that they release that are big hits, the more profit and revenue they will earn.To be a successful entrepreneur, you have to have years of experience in your field, have the courage to take big risks. You also have to have determination, and the ability to not get frustrated in bad times. All of these components are very important to become a successful

Characteristics Of Leadership Essay

907 words - 4 pages Characteristics of these leaders and of their styles:Mr. Eelkman Rooda completed his degree in business econometrics at Erasmus University in Rotterdam. He then went on to complete the Master of Business Administration course at the Amos Tuck School (Dartmouth College, in the United States).In 1977, Mr Eelkman Rooda entered employment at Esso Nederland B.V. (The Hague) and Esso Europe Inc. (London), where he held various positions in the area of