How to be a Successful Entrepreneur?

Dr. A. Devaraj, P.G.D.M.C., M.A., B.L., M. Phil, Ph D

Senior Faculty in EnglishLoyola College, Chennai-34

• An entrepreneur is one who starts a commercial enterprise, involving financial risk.

To be a successful entrepreneur one need to have the right spirit & skill. As Thomas Browne says, “To believe only possibilities, is not faith, but mere philosophy”

In fact an enterprising entrepreneur should

“expect the unexpected”. He should “hope for

the best and prepare for the worst”.

What does it imply?

It warrants us A sense of pre-preparedness &

anticipation A sense of perseverance especially

during the times of adversity A presence of mind A mind to restart besides the skill

required for that enterprise

He should have dedication

He should get organized especially when chaos prevails

Determine responsibilities

Don’t own the problems, especially when they do not belong to you

Set aside the last day of the week for tidying up

Change your attitude. By changing your attitude you can change your life

Learn to relax, unwind the tension of the week

Prioritise

What to do & When to do

Take interest in your work

Run an extra mile

Be confident

Acquire training & develop yourself

Have a positive self image of you

Build positive relationships; successful relationships help build your business

Believe in change

Be sensitive to other’s needs. Be affectionate, helpful to your employees. Be warm & friendly. Do care for their needs

You cannot be a successful entrepreneur if you have negative mind pattern

Control your finances• Be thrifty• Be wise in your spending• Control your desires

Above all, the foundation of success depends on your attitude

Make use of your opportunities.Opportunities, people say, knock only once

Some are wise. Many are otherwise. Successful entrepreneurs are wise people

Respect the human resources. Humans are more valuable than any other asset in your enterprise

Learn

• Learn from your education• Learn from your experience• Learn from nature, ambience &

environment

Be an entrepreneur of positive attitude

The qualities of a positive entrepreneur

having a pleasing personality man of enthusiasm, energy & life inspiring & motivating helpful to others willing to learn always

Believe in team work

Helpful in solving the problems of others

Avoid bitter feelings, anger and negative thoughts. This helps in having a worry-free, blood pressure free, good healthy life

• Act wisely• Be positive• Change for the better & DEVELOPMENT IS YOURS

All the best, new, upcoming entrepreneurs!