10 ways Entrepreneurs diff. #2

by Colleen McMorrow London Globe-Mail 1/06/11 Enhanced by Peter Wiz4.biz 3/13

5. Success can mean choosing between being Creative & being Managed. All founders of growing companies face a central decision: do they desire wealth (from being Managed) or hands-on involvement (to continue to exercise their Creativity)? The ability to make big picture decisions like these, makes or breaks entrepreneurs. Successful entrepreneurs navigate this carefully and move according to their ultimate goal.

6. Most see Opportunity where others see Problems. Success lies in the way entrepreneurs view the world. Every problem generated opportunities for entrepreneurial leaders willing to take them on. Our survey reveals entrepreneurs have – at their core – a unique way of viewing the world around them and acting on that view.
7. Failure is often the best Learning experience. The extent to which a culture celebrates or stigmatizes failure can make a difference in how entrepreneurial leaders see risk. Early business failures should be seen as providing vital “experience” for future successes.

8. True Entrepreneurs are Architects of their own vision. Seventy-six (76) per cent of those surveyed peg “Having a Vision” as the top quality of successful entrepreneurs. Those who succeed have helped people come together around a common purpose to achieve a goal. This comes from a vision owned, not only by the people in the business, but also by investors, customers, suppliers & all those the organization touches. The entrepreneurial leader must be the architect of that Vision to succeed

9. Entrepreneurs succeed by seeking to be Better. Although innovation is important, filling niches & market gaps does not need to involve radical new solutions. Often, an entrepreneurial business can simply fit a better business model or a more effective way of delivering a product or service. Pushing products, services & people to be better is at the core of the entrepreneur’s being.

10. They balance Blue Skies with the Bottom Line. To be an entrepreneur, you must not only be an opportunist, but also be an “optimist”. The world’s best entrepreneurs see opportunities and truly believe they can create ways to profit from them. Maintaining a deep-rooted sense of “optimism” doesn’t mean you are unrealistic. But it does allow entrepreneurs to push their ideas harder, sometimes giving them a competitive edge – that helps them succeed.

Comments: Do you know any other way that Entrepreneurs are different?