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Do You Have the Guts?
you want to be an entrepreneur? Before the mid-1990s, entrepreneurs were
generally seen as failures, people who were unable to conform to a
corporate environment, and as risk-takers. Few members of the population
were able to venture into what were perceived as very high-risk
endeavors. But the Internet-business boom of the late 1990s created a
whole new class of entrepreneurs and want-to-be entrepreneurs; suddenly,
entrepreneurs were seen as respected members of the community, people
who created jobs. However, the allure of instant riches interested most
newcomers more than the creating of new products and services or the
discovering of new ideas and market segments.
Although entrepreneurs are still perceived
as risk-takers, in reality, entrepreneurs who are passionate about ideas
carefully plan on how to proactively put those ideas into effect while
taking only calculated risks. True entrepreneurs are much more
comfortable with managed risk than with the dangers of get-rich-quick
entrepreneur, planning permeates every aspect of strategic decision. The
very decision an entrepreneur makes about starting a business—as a means
for exploiting a business opportunity—is a strategic decision. It is
equally essential to recognize the strategic alternatives available. As
you consider becoming an entrepreneur, you’ll need to ask yourself a
whole lot of questions, a handful of which I’ve listed here:
you want to become an entrepreneur and what do you want from it?
your entrepreneurial idea affect your personal life?
resources do you have access to?
personal resources are you willing to commit? What is your risk
professional operating and management experience do you have or are
you willing to acquire through learning?
Are you a
“product” or a “service” kind of person?
your destination goal? Do you have an exit strategy?
success to you?
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