en·tre·pre·neur
Pronunciation: “änn-tr&-p(r)&-’n&r, -’n(y)ur
Function: noun
Etymology: French, from Old French, from entreprendre to undertake
Date: 1852
: one who organizes, manages, and assumes the risks of a business or enterprise
Merriam-Webster Dictionary, 2003
Five Start-up Tips for Small Business
- Drive, dedication and commitment
- Know your business by doing your research well
- Know your market
- Create a business plan
- Meet your banker
Drive
Entrepreneurs do more than dream, they act. They take risks and can live comfortably with the uncertainties associated with these risks. They exhibit passion for their work and business.
Thinking Ability
Entrepreneurs are curious and have vision through original thinking, analytical thinking, critical thinking and creative thinking. They are never quite satisfied or content, as there is always a better way to do things.
Human Relations Ability
Entrepreneurs are persistent and keep trying until they hit the right combination for their business. Entrepreneurs are aware that human relations ability is comprised of emotional stability, sociability, cautiousness, consideration, cheerfulness, co-operation and tact.
Communications Ability
Entrepreneurs must be persuasive and able to influence bankers to supply money, employees to work harder and better, suppliers to furnish materials at the
lowest cost and customers to buy. This ability requires a combination of verbal and written communication skills.
Taken from Starting a Successful Business in Canada, 1998
