An entrepreneur is an individual who starts a business by identifying and fulfilling what he or she sees as a need in the marketplace. While entrepreneurs are often associated with starting new businesses, they also can be found working within existing organizations to introduce innovative products, services or processes. These individuals are sometimes referred to as social entrepreneurs, corporate entrepreneurs or intrapreneurs.
While all entrepreneurs are different, there are a few qualities that are often shared among successful ones. They are usually highly driven and focused on their goals, despite obstacles and uncertain circumstances. Aggressive entrepreneurs can quickly assess a situation and make decisions on the fly to ensure that their company stays competitive in its industry. They are often experts in their field and have a wealth of self-imposed knowledge and experience.
Being able to spot opportunities is another essential quality for entrepreneurs. They are always on the lookout for ways to improve a product, service or process and are not afraid to take risks. They are also able to find solutions to problems that others may not have identified. For example, Pleasant Rowland saw a need in the doll market for girls aged 8-11 and created American Girl, a line of dolls and books that has sold over 36 million copies.
Finally, entrepreneurs are able to communicate their ideas and vision to their team members, investors and customers in a way that is clear and concise. They also typically have a strong work ethic, but are careful not to burn themselves out. They are able to maintain a healthy work-life balance and take time off for themselves and their families. The real Batman