Wednesday, March 12, 2008

Do You Have The Entrepreneurial Spirit?

Entrepreneur Magazine recently published an interesting article about "The Spirit of the Entrepreneur". According to the article, "the entrepreneurial spirit is a gift that inspires [you] to become the best [you] can be."

It goes on to list passion, positivity, adaptability, leadership, and ambition as the top 5 characteristics that entrepreneurs should have. The two that stand out most to me are passion and adaptability.

Passion is very much needed in business to get you through the times when you're not making money. Too often, a business idea is abandoned because of lack of revenue. Being passionate, however, when things are slow will help you stand the test of time. It will drive you to be more confident, and to be more positive when your bank account is negative.

Adaptability is also very key. As you grow your business, you will learn some hard lessons. When starting out, you likely will have a very elementary way of thinking and planning. After falling on your face, you must learn to adapt your mindset to a strategical and logical way of thinking. This will, in turn, help you to be more realistic in your decision-making and your brainstorming.

Whatever you do, time will tell if you truly have the entrepreneurial spirit. True entrepreneurs will stay the course, and will eventually learn how to generate consistent revenue. Their patience will finally pay off, and they will join the long line of business leaders that have found success.

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