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Entrepreneurship is a process that starts when a self-motivated individual
comes up with an idea, weighs the opportunities and threats inherit in
building an enterprise around that idea, then works with a sense of urgency
in gathering needed resources (including partners, employees and money)
and proceeds to start, grow and, hopefully, harvest the results of the
creation.
Along this challenging and exhausting venture-building journey
are a wide variety of problems, from disgruntled employees to angry
customers and from noncompliant
partners to hostile stockholders. The list is endless. Yet at the end of the
day, the rewards — especially self-esteem, self-determination and money — make
the often downright scary trek worth it.
More than that, however, the most successful entrepreneurs I
know have learned how to juggle demanding careers in new venture
creation along with the equally
important demands of being good spouses, effective parents and contributing
citizens. They take care of business at home, at school, at church
and in the community
as well as in the marketplace. They have experienced success beyond the bottom
line.
Based on years of observation and interaction, the following
characteristics seem consistent among those I know who have experienced
this success of which
I am speaking.
• They understand that they are in charge. They willingly accept
the opportunity to be in control of their own destiny.
• At the same time, they understand how crucial it is to build
effective teams. While they don't mind being in charge, they also don't
mind sharing responsibilities with others.
• They are willing to deny themselves instant gratification.
Most have had to delay some of the outward trappings of success in order
to plow profits back into a growing business. |