Hi,
Good morning. Hope you had a great week. I must tell you that I have a good library of books at my home. There have been several of them I haven’t read yet. But now that I have a promise to keep posting the Notes that I make while reading the books, I have started taking one after another of them, reading them, making the notes, and posting them on my blog. This week, I laid my hands on the book, Going For IT! - (How to succeed as an entrepreneur) authored by Victor Kiam. I am sure you will find reading this week’s notes truly rewarding.
If you think buying or starting your own company is the only way to be an entrepreneur, you are wrong. As Victor Kiam sees it, entrepreneurship is a way of life. One can be an entrepreneur in a huge corporation, in a home, while at school, in government, or in retirement. Entrepreneurship is not only a philosophy of financial success, it is also a philosophy of life. It is life with liberty lived in the pursuit of happiness which can be achieved by anyone with energy, persistence, courage and a little bit of luck. In his book, GOING FOR IT!, Victor Kiam tells not only how he did it, but also how anyone can do it.
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What is an entrepreneur?
While dictionary says, “Someone who organizes or manages any enterprise, especially a business that involves considerable initiative or risk," Victor Kiam says that entrepreneurs are those who understand that there is little difference between obstacle and opportunity, and are able to turn both to their advantage. He says that they are the people who willingly assume responsibility for the success or failure of a venture and are answerable for all of its facets.
Where can they be found?
Entrepreneurs are not just only those running their own business. They can also exist within the corporate mainstream as employees, in the government organizations as staff, in schools and colleges as students, homes as home makers, etc., They can be found everywhere. Everyone can explore and exhibit entrepreneurial principles in what they do.
What is an entrepreneur’s profile?
To find the entrepreneur in YOU, Victor Kiam suggests that you ask yourself the following questions:
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This is the essence of the first chapter of the book, GOING FOR IT by Victor Kiam. By asking the questions listed above, one will get a fair amount of an idea what it takes to be a successful entrepreneur, be it as an employee working for any organization or as a business owner running a company. By becoming one, you are going to get many rewards…satisfaction of creating something out of nothing; a positive sense of self; respect of your peers and superiors, and of course the financial rewards.
Wishing you THE BEST always,
With love and regards
Siva
value4value@gmail.com
Good morning. Hope you had a great week. I must tell you that I have a good library of books at my home. There have been several of them I haven’t read yet. But now that I have a promise to keep posting the Notes that I make while reading the books, I have started taking one after another of them, reading them, making the notes, and posting them on my blog. This week, I laid my hands on the book, Going For IT! - (How to succeed as an entrepreneur) authored by Victor Kiam. I am sure you will find reading this week’s notes truly rewarding.
If you think buying or starting your own company is the only way to be an entrepreneur, you are wrong. As Victor Kiam sees it, entrepreneurship is a way of life. One can be an entrepreneur in a huge corporation, in a home, while at school, in government, or in retirement. Entrepreneurship is not only a philosophy of financial success, it is also a philosophy of life. It is life with liberty lived in the pursuit of happiness which can be achieved by anyone with energy, persistence, courage and a little bit of luck. In his book, GOING FOR IT!, Victor Kiam tells not only how he did it, but also how anyone can do it.
-----------------------------------------------------------------------------------------------
What is an entrepreneur?
While dictionary says, “Someone who organizes or manages any enterprise, especially a business that involves considerable initiative or risk," Victor Kiam says that entrepreneurs are those who understand that there is little difference between obstacle and opportunity, and are able to turn both to their advantage. He says that they are the people who willingly assume responsibility for the success or failure of a venture and are answerable for all of its facets.
Where can they be found?
Entrepreneurs are not just only those running their own business. They can also exist within the corporate mainstream as employees, in the government organizations as staff, in schools and colleges as students, homes as home makers, etc., They can be found everywhere. Everyone can explore and exhibit entrepreneurial principles in what they do.
What is an entrepreneur’s profile?
To find the entrepreneur in YOU, Victor Kiam suggests that you ask yourself the following questions:
Questions to ask oneself
|
Essence of it
| |
| 1 | Do I have confidence in myself? | You have to believe in yourself. An entrepreneur must be able to motivate people, inspiring them to share in his commitment. In a corporation, you want the people working under you to follow your lead, and your superiors to respect your judgement. If you’re running your own business, you may want investors to place their money and trust behind you. You want your client to catch your enthusiasm and to believe in your product or service. How can you inspire them if you don’t believe in yourself. |
| 2 | Do I have confidence in my venture? | Anything you become involved with must be worth your total commitment. Do you believe it has a chance to make it. Go for it. If not, it is not likely that you will give the project the support it requires, and it may fail. Though you must always give your maximum effort, it is harder to do when you believe you’re backing a lost cause. Your confidence in the product or venture must be strong. You can’t sell anything that you wouldn’t buy yourself? |
| 3 | Am I willing to make sacrifices? | If you are an employee, forget watching the clock. Nine-to-five doesn’t exist for you as an entrepreneur.To find an edge over others, you must be willing to make some sacrifices. And once committed, you must be prepared for the effects that will have on your life-style. Your work should become your play. If you are an entrepreneur running your own business, the financial sacrifices would be even greater. You lose the security of your weekly or monthly salary till them time you have established your company and it started generating revenues for you. “No pain, no gain.” That should be the credo of every entrepreneur. |
| 4 | Am I a decision maker? | As an entrepreneur you’re pretty much on your own. You’re responsible for your business or division. If you are in a corporation, try to think as the President of the company would. Make it a habit to figure out what course of action you would recommend if the ultimate decision were yours. Being able to think that way and assuming responsibility will help you score points with your superiors. |
| 5 | Do I recognize opportunity? | This is the key. Approach, each idea thinking, “How can I make this work for me?” |
| 6 | Can I keep my cool? | The entrepreneur is generally like a captain of his ship..his company, his division, or his team of people. Everybody working for and with you will take their cue from you. If you’re down, your company is down; your team is down. You must maintain a cool balance, especially in tougher times. As an entrepreneur, you command attention. Your swings in behaviour will affect others. “If one’s company is to remain calm, then the chap at the top must give the appearance of being calm.” |
| 7 | Do I have high levels of energy and stamina? | For an entrepreneur, sixteen-hour workdays are not unusual. You will need stamina. You need energy to grab the opportunities and hold onto them without allowing them to slip away from your hands. Commit yourself to life and you will find a reward you wouldn’t have bargained for: the fountain of youth. |
| 8 | Am I willing to lead by example? | It’s common sense, really. You can never ask an employee to do something that you yourself are not willing to do. You have a responsibility to work even harder than they do. You have to motivate the people around you, Leading by example is as good a way as any. |
This is the essence of the first chapter of the book, GOING FOR IT by Victor Kiam. By asking the questions listed above, one will get a fair amount of an idea what it takes to be a successful entrepreneur, be it as an employee working for any organization or as a business owner running a company. By becoming one, you are going to get many rewards…satisfaction of creating something out of nothing; a positive sense of self; respect of your peers and superiors, and of course the financial rewards.
Wishing you THE BEST always,
With love and regards
Siva
value4value@gmail.com
1 comment:
Hi sir,
Thank you so much because you are sharing beautiful insights/essence of knowledge with us.
I am so happy because am getting wide knowledge at my door steps.
After all life seems to be the business and we are the entrepreneur of our life....
Great blog post sir eagerly waiting for next blog and excited to see which topic you will explore to us
thanx again
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