Showing posts from August, 2010

Seven vital tips for success for aspiring entrepreneurs

--> The term entrepreneur was coined in France over 200 years ago. According to Wikipedia “an entrepreneur is a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome”.

The challenges that faced entrepreneurs in the 1800’s have not changed significantly. There any many who chose this path and failed, as well as, many who chose not to try. However, there are many who have succeeded, improved their standard of living, introduced innovation, new products and services, provided jobs and significantly catalyzed economic change.

From my observation of and interaction with successful entrepreneurs I discovered seven characteristics they all have in common:

Every one of the successful entrepreneurs that I have had the pleasure to meet all had a clearly defined vision. Once they defined this vision, they were all able to articulate, share it, sell it and live it.

Sometimes this vision or idea co…