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Think your company has what it takes? Apply Now » One of the biggest problems I see among the entrepreneurial crowd, especially the younger generation, is their overwhelming obsession for whatever feels good. The 7 Traits of Successful Entrepreneurs. This story appears in the January 2014 issue of Entrepreneur.
Subscribe » Enter "entrepreneurial traits" into Google, and the menu of frequent searches will complete the query with "... of Steve Jobs" and "... of Bill Gates," among others. These are the forces of nature that spring to mind for most of us when we think of entrepreneurs--iconic figures who seemed to burst from the womb with enterprise in their DNA. 10 Best Reasons to Be an Entrepreneur. I recently asked fellow members of the Young Entrepreneur Council--an invite-only organization made up of the world's most successful young entrepreneurs--just what it is that makes them work so hard.
Money? Success? Autonomy? Or do entrepreneurs just have big egos? Being an entrepreneur myself, I wanted to know why others work with such persistence and dedication. How to Become a Truly Successful Entrepreneur. Why Businesses Succeed and Fail. How can an entrepreneur position themselves to succeed when the majority of small businesses fail?
It helps to know which odds are in your favor. Paul Gompers, Anna Kovner, Josh Lerner and David Scharfstein set out to find why some entrepreneurs are more successful than others. They put together a Harvard Business School working paper, Performance Persistence in Entrepreneurship. In it, they answer some burning questions. Do first time entrepreneurs have it harder?
Managing Time. As a business owner you know how important time is.
You get sucked into so many things that you don’t want to be doing and at the end of it you’re left with frustrations at the idea of all the things you could have achieved instead of replying to emails, dealing with complaints or answering unnecessary calls. But we’re here to tell you it all gets better.
It’s a learning curve. Five Tools for Social Entrepreneurs. Social entrepreneurs use business ventures as a means to solve the world’s most complex problems.
These days, a growing number of social entrepreneurs are building for-profit business models, bypassing government association and the confining structure of the nonprofit classification. In a number of states, including California and New York, entrepreneurs can now form so-called B Corporations, which allow company directors to weigh social missions over financial returns.
As a result, more tools are popping up to aid the socially conscious business owner.