Wealth Education Central

Scott Lindsay

Scott Lindsay is a web developer and entrepreneur. Make your own website in just 5 minutes with HighPowerSites at: http://www.highpowersites.com or Build A Website at: http://www.buildagreatsite.com. Start your own ebook business with BooksWealth at: http://www.bookswealth.com
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 Articles by this Author

8 Traits of the Perfect Entrepreneur

If you've considered the possibility of becoming an entrepreneur there are eight traits that are important in describing the perfect entrepreneur.

1. Risk Taker - Entrepreneurs understand that in order to make a profit they will need to assume a certain level of financial risk.

2. Business Manager - Entrepreneurs have a keen understanding of finance and are well equipped to manage the finances of a business.
In the development of a business there is a certain amount of research that must be conducted. Most entrepreneurs find themselves immersed in some form of research whether they like it or not.

For many burgeoning entrepreneurs there is a question of whether intense research or personal intuition is the best course of action in determining the direction needed in business decisions.
Many will view the world of entrepreneurialism as a means of developing a business to supply the financial requirements of household needs. The prevailing dream of most aspiring entrepreneurs is to work for themselves without the need to answer to a boss.

There is, however, a culture of entrepreneurs who not only seek to become self-sufficient in the business ventures, but they also seek to be agents of societal change.
Once you undertake the development of a business you utilize a variety of entrepreneurial skills. You find yourself working hard to keep things going, but there's a real sense of satisfaction in the work.

Recently I was told of a woman who had started her twenty-first business. In each case the business was related to cooking. The good news was this woman was a capable businesswoman and an excellent cook.
Today's motivation for young entrepreneurs is being fueled through a variety of mentor-based programs that work to assist in the development of great ideas while pointing out potholes to avoid.

Organizations like Entrepreneurs Only (EO) are working to foster growth in young entrepreneurs with a sizeable dream. The organization further encourages philanthropy as part of the goodwill associated with establishing the vision.
Technological advances have allowed a series of potential revenue streams in the world of ecommerce. Certainly the technological revolution has allowed brick and mortar commerce to open its doors to international clients. And while this is a rather large tip on a rather large iceberg it's not the sum total of available online wealth.

A Little Work: A Long-Term Reward

There are a number of methods online business can use to ramp up their income.
When you look at entrepreneurialism purely from the standpoint of statistics it's easy to come to the conclusion that becoming an entrepreneur may not be for you.

For instance the Small Business Administration reports, "The lack of business experience and expertise is the cause of 95% of business failures."

So if you lack experience does that automatically disqualify you from pursuing a dream of owning your own business? Rick Lobosco is quoted as saying; "Your chance of lasting in business for two years is less than 50%.
Many individuals interested in a business startup are under the assumption that there is a magic silver bullet (or formula) for success. They are convinced that the successful businesses they have encountered gained access to this formula and are simply unwilling to share the knowledge with other aspiring business owners.

Somehow if that knowledge could just be pried away from the 'successful' then the startup businesses might just have a chance to develop something equally successful.

Moneymaking and the Art of Argument

In order to make money you need to learn the art of argument. In virtually every moneymaking idea there are arguments that will have you believe the idea is too far fetched to be useful. Should your idea make it to the development phase you will likely encounter arguments about the ability of your business to last when compared to other similar businesses.

Protect the Visionary Entrepreneur?

"You cannot protect something by building a fence around it and thinking that this will help it survive." Wim Wenders

In America there is a push to provide protectionist status to American positions to ensure the viability of American business as well as American jobs.

Does this idea make sense for the entrepreneur?

The Internet has provided a means of tapping into a radical new business model.
It begins as an idea. Once fully developed, the idea takes on a life that has roots in marketing, research, customer service and personal vision while wrapped in a unique blanket of promise.

The growth of the entrepreneurial spirit has much to do with creativity. The following quote is not attributable to any author, but certainly goes to the heart of being a pioneer in business; "Visionary people are visionary partly because of the very great many things they don't see.

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