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Discovering Your Entrepreneurial Talent    posted by Peter J. Patsula

The most consistent common denominator found in successful entrepreneurs, is the sheer will to win, the need to achieve in everything they do.
-MARK MCCORMACK

What is an Entrepreneur?

    Don't be misled into believing that somehow the world owes you a living. The boy who believes that his parent, or the government, or anyone else owes him a livelihood and that he can collect it without labor will wake up one day and find himself working for another boy who did not have that belief and, therefore, earned the right to have others work for him.
    - DAVID SARNOFF Founder RCA

The word entrepreneur is derived from the French word "entreprendre" which means to undertake or take action. An entrepreneur is thus often referred to as someone who undertakes the risk of starting a small business.

A more complete definition would be follows:

Entrepreneurs ...

  • COMBINE existing resources in new and more productive ways


  • CREATE value out of raw materials and human manpower which before were worthless


  • IMPROVE what already exists using new technology
    SHIFT economic resources out of low output areas to areas of higher productivity and greater yield


  • SYSTEMATICALLY search for and respond to unmet needs and new consumer demand brought about by change.


Qualities of Successful Entrepreneurs?

Successful entrepreneurs are . . .

  • ABLE to make great discoveries because they keep alive in themselves the curiosity and wonderment of a small child exploring the universe for the first time


  • BLESSED with good old-fashioned common sense


  • DETERMINED to live life to the best of their ability


  • FILLED with an insatiable desire to learn


Do You Have What it Takes to be a Successful Entrepreneur?

Take the following quiz to find out if you've got the right "stuff" to start and run a winning business.

Go to "Analysis of Results"
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