Who wouldn’t love themselves some extra cash? The idea of being an entrepreneur is exciting, but let’s be honest, the risk of losing everything is real. Everyone is talking about how the job market is going down and most people earn only enough to get by. The majority of us live from paycheck to paycheck, and even if you earn a decent living wage, adding a little extra cash to that amount isn’t going to hurt.
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It is considered essential to be mentally tough in order to survive in the competitive world we live in today. Successful entrepreneurs also assert on the need to remain mentally tough in spite of facing hurdles along the path to success. So if you are in the process of finding out how to cultivate mental toughness, here are some tips to help you out. Read more
The world we live in today has become a breeding ground of sorts for entrepreneurs. Every day, hundreds of individuals take on the role of entrepreneurship with dreams of making it big in the field. Alas, most of them fail to do so while only a few go on to achieve success. So what makes the successful few different from the others? Read more
Entrepreneurship is all about taking right decisions that could boost the overall financial and organizational health of any business. Aside from decision-making, proper planning also plays a pivotal role in ensuring that all respective components of a business setup work the way they are supposed to. When businesspersons and managers compromise with any of these abovementioned prerequisites, what follows is unmanageable organizational lethargy and non-performance of the entire business setup. Read more
Entrepreneurship is all about seeing the opportunity, starting a business, making plans to manage it, and acquiring problem-solving ability. Any budding entrepreneur just cannot rely on his whims and fancies to see things falling into place since businesses are prone to challenges, and, hence, require the right attitude towards problems. One needs to understand that decision-making and problem solving are at the heart of any business undertaking. Therefore, it is but imperative for budding entrepreneurs to master the art of problem solving in right earnest. In this article, we intend to suggest a set of established and innovative ways to help emerging entrepreneurs acquire and improve problem-solving ability. Read more
Some entrepreneurs are very successful and they are able to succeed in whatever they do, while on the other hand, we have entrepreneurs who are not able to achieve such great success. Surely, there are reasons behind such stark difference in performance and our main aim in the following sections will be to look at those reasons.
A leader should be mature enough to accept responsibility in case things go wrong. In addition to it, failure is a learning experience, which helps us to improve further. We will now look at the recent incidence of Gurbaksh Chahal to understand how entrepreneurs in general should not behave and it is a classic example of things entrepreneurs should not do if they want to succeed in their profession.
A leader: the traits that make him who he is
A leader is a person who leads; this definition is probably the most basic one and everyone is aware of it. However not everyone is aware of the different roles a single leader has to play for his team. A leader is a person who is responsible for the failures and the success of the team of individuals he is responsible for. A successful leader needs to have a bunch of qualities that actually make him successful. One of them is integrity and the other one is good communication skills. The others include his ability to motivate and inspire the people around him plus his capability to take decisions
Different kinds of leaders
There are many kinds of leaders and some of them are listed below:
- The enforcer: These kinds of leaders work with a positive set of mind and make sure that the set objectives are accomplished no matter what. Integrity is one of their strong points and they firmly stand by what they think is right. Commitment is also their many qualities and they stick to their job for a long time.
- The deal maker: these kinds of leaders have excitement in abundance and that is why they serve as magnets for most people. They like the idea of experimenting with new things and usually think out of the box. They have a lot of energy and that is what makes them to look for change wherever possible.
- The visionary: the leaders that fall in this category inspire a lot of people but they rarely show them the way to that greatness. Few people are actually able to bring themselves to follow these leaders.
- The serial entrepreneur: imagination is one of their many strong points and they also have good calculation skills. These kinds of leaders are full of energy and are totally committed to their work. These leaders are capable of accomplishing the targets that will seem impossible to get to most people.
Now you can understand that a leader has to play many roles and he is always responsible towards the people who follow him. A good leader takes his followers with him to the right path that always leads to success. There are many qualities that can help you to identify between a good and a bad leader.