The 3 Features to have a successful entrepreneur
Guts: Guts means you have an entrepreneurial instinct, which results in the desire to own their own business. It must have the guts and dedication to get to grips with achieving the objective.
Intelligence: While it is important to have adequate academic training, business intelligence than scholastic achievements. To be a successful entrepreneur, you must have a working knowledge of the business you want to start before starting. The necessary intellectual capacity is the common sense combined with appropriate experience. Prudence, follow through and attention to detail are paramount.
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Capital: You will need to have own money and with sufficient cash to maintain a positive cash flow for at least the first year. In a future session you will see how to forecast future cash requirements through cash flow control. Can be found in many different small-scale and with a small investment firms. As the business grows and you gain experience, you can use the cash flow generated by the company for growth. In some cases it is not necessary to have initial capital to hire other people, because in the beginning can do everything yourself. This way of doing things is a good way to learn everything about the business and also gives you the tools to delegate work to others later. You can control risk by setting a limit on how much to invest in the company.