A TRUE ENTREPRENEUR GIVES HIMSELF UP TO QUESTION EVERYTHING RELATING TO THE STATUS QUO OR THE USUAL WAY OF DOING THINGS.
When complacency lures a company into not seeing new customer problems and discovering new solutions to them, stagnation will set in. For good, the true entrepreneur designs the organisation to give place to learning and proactivity rather than complacency and stagnation. The defining characteristics of great entrepreneurs are worth considering in the spirit of progress.
The true entrepreneur is attentive to the needs and preferences of the customers. This sharpens the entrepreneur’s innovative bent. Hiring in employees aligned to your entrepreneurial ideas and business philosophy will help you to flesh out your ideas fruitfully and deliver the greatest possible benefits to your customers.
Focusing on a customer problem well-known to you and starting out with a big idea of a solution to the problem reveals enough factors that will help you to determine whether the solution is the right or wrong one. Thus, you are provided with a platform enabling you to pivot away promptly if the situation warrants it. In effect, the dynamic entrepreneur gets a buy-in on progress through this process.
A true entrepreneur gives himself up to question everything relating to the status quo or the usual way of doing things, think a notch higher than others, and plan for the big time.
Going in for introducing something new to a business model is what a true entrepreneur does. He discovers a better way of doing things compared to the traditional operators within an industry. His broad thinking pattern enables him to adapt a model from another industry to one steeped in orthodoxy.
The true entrepreneur sets himself to work at building strong teams to harness opportunities offered up by a change.
Effectiveness for the true entrepreneur is achieved at developing social networks, social capital, that aids him or her to identify and pursue opportunities, acknowledge his strengths and weaknesses, and hire people who complement his talents and experience. The true entrepreneur upholds the knowing that success is accomplished through teamwork.