Traits of Entrepreneur : Ethical Consciousness

The next trait in an entrepreneur is ethical consciousness. Being in entrepreneurship there are many ethics to be followed by an entrepreneur .This is important so that they don’t misuse their business skills or discriminate their clients or customers. There are clearly wide variations in ethical standards between cultures and countries and probably even greater differences among entrepreneurs in a given country. One way of analysing these variations is to define different levels or stages of ethical consciousness in a business. Business ethics has a lot to do with profits and survival. As borders break down, as competition increases, as the ability to compete and survive depend increasingly upon quality, faster and more reliable delivery, and customer service, values such as honesty and integrity take on a new significance.

One good example entrepreneur for this trait is John Mackey. While devoting his career to helping shoppers satisfy their lifestyle needs with high quality natural and organic foods, Mackey has also focused on building a more conscious way of doing business. For 15 consecutive years, FORTUNE magazine has included Whole Foods Market on its “100 Best Companies to Work For” list. He has been recognized for his work over the years by being named Ernst & Young’s “United States Entrepreneur of the Year,” and FORTUNE’s “Businessperson of the Year.” Mackey co-founded the Conscious Capitalism Movement to challenge business leaders to rethink why their organizations exist, and to acknowledge their roles in the interdependent global marketplace.

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2. John Mackey

   Businessman
3. John Mackey is an American businessman. He is the current co-CEO of Whole Foods Market, which he co-founded in 1980. Named the Ernst & Young Entrepreneur of the Year in 2003, Mackey is a strong supporter of free market economics. Wikipedia
5. Born: August 15, 1953 (age 61), Texas, United States
6. Spouse: Deborah Mackey

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Traits of Entrepreneur : Ability to learn from mistakes

Next will be another trait that is the ability to learn from mistakes .Nothing comes easy in life and every person will make mistake in their life. Mistakes doesn’t mean that person is weak or failure but its their chances of learning something new in their life.So, same goes here where all the entrepreneurs need to learn from their mistakes in their entrepreneurship. Successful entrepreneurs are risk takers who have all gotten over one very significant hurdle.Which means they are not afraid to fail.    In fact, entrepreneurs are often successful because they are calculating and able to make the best decisions in even the worst of cases. 

One famous entrepreneur for this trait would be Milton Hershey. Everyone knows Hershey’s chocolate, but when Milton Hershey first started his candy production career, he was a nobody. After being fired from an apprenticeship with a printer, Hershey started three separate candy-related ventures, and was forced to watch all of them fail. In one last attempt, Hershey founded the Lancaster Caramel Company, and started seeing enormous results. Believing in his vision for milk chocolate for the masses, he eventually founded the Hershey Company and became one of the most well-known names in the industry.

Milton Hershey Biography

(1857–1945)

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American manufacturer and philanthropist who founded the Hershey Chocolate Corporation and popularized chocolate candy throughout much of the world.

Traits of Entrepreneur : Perceptiveness

The next trait in a successful entrepreneur is perceptiveness. Perceptiveness  is when a person is insightful , intelligent and can be able to see what others cannot see.This trait is very important for an entrepreneur. This is because they need to be intelligent enough to develop their business .An entrepreneur also need to have the ability to see what others cannot see.This brings meaning that they could think differently than others.This is important for them to come up with new way of trades and producing new kind of product in market.

One successful entrepreneur for this trait is Walt Disney.One of the most creative geniuses of the 20th century was once fired from a newspaper because he was told he lacked creativity. Trying to persevere, Disney formed his first animation company, which was called Laugh-O-Gram Films. He raised $15,000 for the company but eventually was forced to close Laugh-O-Gram, following the close of an important distributor partner. Desperate and out of money, Disney found his way to Hollywood and faced even more criticism and failure until finally, his first few classic films started to skyrocket in popularity.


WALT DISNEY 

Disney is one of the most recognized brands in the world, but few know as much about the man behind the Magic Kingdom, not to mention the hundreds of animated cartoons, countless feature films and endless toys that bear his name. An influential innovator and entrepreneur in the mid 20th century, Disney went from sketching a rabbit (yes, a rabbit) to running a multi-billion dollar empire

Traits of Entrepreneur: Time Competence

Another traits for an successful entrepreneur is time competence. Time competence is the ability of an individual to perform a specific role in a quality way .Every single task in life should have quality in order to satisfy anyone’s requirement .This also can be related with time management for an entrepreneur.An entrepreneur need to know how to manage their time when handling their business . They also will need to overcome the struggle of managing their time for entrepreneur , family and so on.

            One good example entrepreneur for this trait is David Lai.As he says "When I was growing up my father would always tell me, 'We all only have 24 hours a day. It's what we choose to do with that time that defines us. He even says that it's the one thing you can never get back. As a business owner, if you don't keep a short leash on your time, the day quickly slips away. You have to make the most out of every hour to succeed, Hello Design CEO and Creative Director David Lai says. It was the right choice. Fifteen years later, he's running an award-winning creative agency in Culver City, Calif., that helps build and execute digital strategies. Clients have included Sony, Nike, and Toyota.

David Lai

Hello Design: Web Design Agency

Introduction

Entrepreneurship is a process of starting a business or other organization. The entrepreneur develops a business model, acquires the human and other required resources, and make the business to be successful with the motive to get profit and practice of difference strategic.

Joseph A. Schumpeter

An entrepreneur is a modifier and innovator that will not allow the economy system went to a crisis atmosphere.

Max Weber

He is arguably an attempt to correlate the relationship between religion or belief with activities of daily living. 

McClelland

Individuals who have high performance requirements are those who prefer to take responsibility to achieve goals on their own.

Traits of Entrepreneur: Decisive

         The entrepreneur must feel comfortable with making decision, although that decision has risks and uncertainty existed. But we know that entrepreneur is always learned from their past mistakes, and form better assessments in the future. Other than that, the entrepreneur that running a business need to make a decision on the day-to-day business operation, including: marketing, financing, production, and much more. Moreover, an entrepreneur is a leader, leadership requires an entrepreneur to able to make key decisions effectively. 

Steve Job

Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

- Steve Jobs

Trait of Entrepreneur: Versatility

         An entrepreneur with versatility are open-minded and willing to accept various opportunities as compared with those who aren’t. The entrepreneur is characterized with versatile are able to socialize at everywhere. The entrepreneur is learning the cultures and its languages in order to communicate and socialize with their customers to build a strong business relationship with his clients and other people. Versatility makes an entrepreneur to seek for new opportunities since they are keeping in touch with various people every day. Moreover, the entrepreneur has also obtained information on a regular basis in order to be more competitive than other businesses. With this, they can quickly identify the changes and seek solution for the changes. Additionally, entrepreneur with this trait has always left the comfort zone and do whatever is needed to maximize value creation. 

Manny Pacquiao

“Life is meat to be a challenge, because challenges are what make you grow”

- Manny Pacquiao