Are you an entrepreneur?

Over the years, through experience, observation and discussion, I think I have an idea on what makes a successful entrepreneur. A successful entrepreneur has three important things: idea, vision and execution.

The most important aspect of any entrepreneurial activity is the idea. What is the idea? How is it going to serve the current market? How much demand is there for the specific idea?

Second the vision. Ideas can be great but it needs vision. What is the long term goal? How much can the idea grow? Does the idea serve a niche market or can it serve a lot of people?

Third the execution part. Having the idea is great, vision is equally important and tantamount to it is execution of that idea. Is it a pioneering idea? Can you gain a first mover advantage by executing that idea? How quick do you adapt to the changing marketplace?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s