Becoming a successful entrepreneur requires one to have a robust set of essential principles and skills. To begin with, there are personal characteristics or principles an individual should have including being optimistic, take the initiative, listen more and talk less, be resilient, and develop the appropriate ethics (Brännback & Carsrud, 2015) . Stay focused on one thing and do the best. Before initiating a business, get complete knowledge. Avoid looking too far ahead this is to ensure one is no overwhelmed. Know when to continue and when to walk away. Risk-taking; be sure of the risks, when to take and when not to make them. Managing the risks taken. Reduce fear and have visualized goals (Drummond, 2009) . Planning the available finances. Knowing the customers and listening to their complaints.
How my Entrepreneurial Tendencies fit this Description.
I believe an entrepreneur is equal to being an own boss, from the idea I understand that my business's success depends on the effort I put. My skills and principles as an independent business individual, match the description above in the following ways I give my customers the priority and treat them with integrity, fairness, truthfulness, and trust.
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How I can develop the Skills, knowledge, and Abilities
Through consulting with experts, reading several case studies, learning from a mentor, practicing communication skills, having the desire to control or lead the rest, managing my budget, and training myself on delayed gratification.
My Goals for Starting a Business
| Goal Type | List of Goals | Example Citation |
| Personal Goals | 1.Flexibility 2.Security and Benefits 3.Freedom | Working hour’s flexibility. Financial security after retirement. Freedom of making own decisions. |
| Financial Goals | 1.Increasing my earnings 2.Gaining supplement earnings 3. Replace earnings | Having an earning backup. |
| Professional Goals | Professional Growth | Having the chance to do things my own way. |
Amazon Company
Jeffrey P. Benzos founded Amazon that is the today's worldwide online retailer, in 1994. He quit his job with Wall Street at 30 years old (Roy, 2011) . Out of the twenty products, Benzos could sell online, he finally settled for books due to their universal demand and low cost.
Walmart
Sam Walton founded Walmart in 1962 with the idea of offering excellent services at low prices (Roy, 2011) . Sam had started this business to provide for his family after he retired from Military in 1945 at the age of 44 years.
References
Brännback, M., & Carsrud, A. (2015). Fundamentals for becoming a successful entrepreneur .
Drummond, H. (2009). How to be a Successful Entrepreneur . London: Kogan Page.
Roy, R. (2011). Entrepreneurship . Oxford: Oxford University Press.
