An entrepreneur is someone who created a job for himself and in the course creates employment for other youth. Before a person could be called a successful entrepreneur, he/she must have passed through so many things, but there are some tasks that must be done if he wants to be regarded as ‘boss’ and not just a boss but a well-known boss throughout the world.
These tasks are the traits that differentiate a failed entrepreneur from a successful entrepreneur. These tasks can also be called the things that an entrepreneur must do/possess for him to be successful, these tasks are listed below:
HE MUST BE PRAYERFUL
This attitude has been taken with levity hands by so many entrepreneurs; they never know that the spiritual controls the physical and as someone planning to be great, he/she needs the support of giver of success which is God and this can only be possible through prayers. A prayerful life is a life full of success because it put everything in the hands of God
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ENTREPRENEUR MUST BE READY TO TAKE RISK
An entrepreneur must be ready to take the risk. Taking risk is part of an entrepreneur who will be successful and great in future because in a situation where other entrepreneurs back off due to lack risk are taking; you as a risk taker might succeed. The higher the risk you take, the greater the chances of your success and achievements.
AN ENTREPRENEUR MUST NOT CREATE A BUSINESS FOR PROFIT SAKE
This may sound funny and unrealistic, but it’s the truth, many companies or enterprises that fold up shortly after their inventions was because they are eager to make a profit and in the process, they were unable to get customers will purchase their product and services. As a new entrepreneur, establishing yourself must be your priority, and if that is achieved, you can then move on to chase after profit and gain and wealth. During this time, you already have many customers, many sales and many other valuable resources that can generate income for you.
LEARN TO SAVE
As a young entrepreneur making it to the top, you must be able to spend less and save more, the more you will determine how prepared you are for the days of an emergency. You must always know that in business there is always a day of emergency, this day can make or match a company, if you save, there is a great probability that you will have the financial resources to tackle this day but if you spend almost what you earn as profit, then when this day comes, you are definitely going to be destroyed cause you lack the financial status that can save your business.
NOTE: An emergency day is a day that you may have an order of goods or service that is much greater than what you have in store, you can easily purchase with the money you have saved for some time. Think wise and save today for it pays to save for future purpose
Finally, an entrepreneur should be ready to work tirelessly; if he wants to achieve greater things in life. All these traits must be seen in an entrepreneur that wishes to be at the top of the world.