Entrepreneur SOP

There is a huge problem that I have been seeing on the Internet these days when it comes to starting up an online business. The problem is that people are unable to actually turn their startup business into a profitable company. To put it simply, I find that new business owners are thinking like employees instead of entrepreneurs. What do I mean by that? Well, let me explain.

When you are an employee of a company you have the mindset of going to work for forty hours a week and collecting a paycheck when the week is done. This gives you a sense of security knowing that you have some type of money coming in, but in reality your are renting out your labor for the rest of your life.

To be honest, this mindset isn’t all that bad. There is nothing wrong with being comfortable with the knowledge that you will have more money to pay the bills with next week, but it is NOT the mindset that you need to build a successful business.

A true entrepreneur knows that it is going to take a little while before their company starts to be profitable, but that’s o.k. – They are in it for the long run. Now compare a business on the Internet with one in the physical world. On the Internet, there is generally a low cost (if any) to starting up, where in the physical world there is usually a large sum of money involved. Take franchises for example, on the very low end you are still looking at around $20,000 just to start your business.

Since the startup costs are far lower on the Internet, it is much easier for people to cut their losses and get out if they are experiencing any sort of trouble. It is not uncommon for new Internet business owner to still be showing slow results with a webpage at the end of their third month, especially if you don’t have that much experience in internet marketing. This is partially due to the fact that it takes about three months for search engines to really locate your site.

It is important that if you want to think like an entrepreneur, you have to have specific goals in mind and be set on achieving them. Some of the best Internet marketers I know took around ten years to reach $10,000/month but now they are making millions. I guarantee you that if you asked them whether or not it was worth the trouble they wouldn’t hesitate to tell you it was. It may have taken them a while to reach their goals but now they have positioned themselves in such a way that they have income coming in for life.

I urge all you new business owners out there to remind yourselves of your business goals, begin to think like an entrepreneur, and never give up on your dreams.

To your success,

Andrew Leone

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Characteristics of an Entrepreneur

What is an entrepreneur? According to Wikipedia, an entrepreneur is a person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. To translate it into simple terms, an entrepreneur owns a business of which the entrepreneur is responsible for the risks and outcomes. To be an entrepreneur, one has to possess defined characteristics of an entrepreneur.

What are the characteristics of an entrepreneur? Are these characteristics vital? It’s a no-brainer actually, of course it’s important! Your chances of business success is significantly lower if you do not possess these characteristics. The characteristics of an entrepreneur consists of:

1. Good leadership

Leadership is a rare characteristic. It is very hard to find individuals with good leadership qualities. This is because not many people dare to take responsibility, or take the lead. Alan Keith of Genetech once said, “Leadership is ultimately about creating a way for people to contribute to making something extraordinary happen.” Precise and right to the point.

To be a good entrepreneur, you must be a leader. You must be able to guide, direct, influence and affect people. This way, all your business problems can be overcomed with ease.

2. Risk taker

All businesses involve risks. There is not a single business in the known world right now that is 100% risk-free. You can’t make money if you are not willing to take risks. If you are not willing to take risks, then you are bound to fail in the business world.

But, a successful entrepreneur does not take all the risks he faces. All risks must be evaluated first, before taking the dive. You wouldn’t want to dive into some unknown waters, would you?

3. Honest and Trustworthy

This is an undeniable characteristic that all entrepreneurs MUST have. Let’s face it, would you give your money to some stranger that guarantees you to make 1000% profit on the street? No you would not. Maybe if that stranger asked for $10 dollars or he convinced you with hard facts, you would, but that’s out of the case. As the saying goes,”Honesty is the best policy.” Every one likes honest and trustworthy people.

Being honest and trustworthy is considered one of your most important characteristics. It would take years to build your credibility and honesty, but it would take just a few seconds to totally destroy your image should you do something dishonest.

4. Your Passion

Your passion fuels your actions. And your actions make money. Any entrepreneur should be passionate about their business to be able to perform well. You must maintain your enthusiasm and interest in your field. For example, when making money online is your passion, you wouldn’t feel working even if you stick yourself to the monitor 24hours a day.

Your passion makes it easy for you to act. Working no longer means working when you work with your passion. It just means doing something you like. If you like to play games and playing games is your 12-hour job, it certainly wouldn’t feel like working 12 hours a day.

5. Intelligence

No, I don’t mean you need to have exceptionally high IQ to success. But what I mean is that an entrepreneur should be clever and witty in all your business dealings. You have to show that you are concentrated and 100% focused on your job to be able to gain your clients’ respect and trust.

The world is a mean one. Scammers are out there somewhere, preying for a weak target everyday. To resist being scammed or being duped, an entrepreneur should be smart and be alert of who you are dealing with. If not, you would eventually suffer some uncalculated losses.

These are one of the few characteristics of a successful business entrepreneur. These characteristics will, no doubt, help you overcome obstacles you may have to face when you are operating a business. And without these characteristics, your business may eventually fail and you will have to bear the losses.

What if you have the main characteristics of an entrepreneur already? Then study the market, find a solution or make a product, get some capital and you’re ready to make a killing in the ever-changing world of business.

Becoming a successful internet entrepreneur in today’s market can be highly competitive, nearly as competitive as becoming a Hollywood actor or a famous musician. The competition is tough and your competitors are highly talented, so in order to achieve the maximum amount of success in your internet business you must develop a few of the essential personality traits that are necessary to succeed in any creative endeavor. This article will cover the three most essential characteristics that you must possess and use constantly if you are to become financially independent and successful in this highly competitive market.

I have good news for you: The three essential personality traits that we will cover are not things that you need to be born with, but instead they are skills that can be learned and developed. A talent is something that you naturally possess or that you are born with, but a skill is something that you can teach yourself. If you are willing to work on developing these three skills within yourself, it can be possible for you to meet with unbounded success.

Persistence

This can be the most difficult trait to master, but you need to learn how to set your goals and then boldly continue to move closer to accomplishing them no matter what problems may arise. It is important to remember that persistence is not the same thing as being stubborn, and it is important to be able to distinguish between the two. Persistence is continuing towards your goals in the face of any obstacles or setbacks, but this can morph into simply being stubborn when the blatent facts are indicating to you that what you are doing is not working.

Concentration

The true art of concentration is to hold an object or ideal in your mind and focus on it so intently that you become aware of nothing else. This is a very important skill to teach yourself, because many times if you are not concentrating on growing your business then nobody else will be either. This is the great challenge of the entrepreneur, because unless you have the proper focus and unless you can hold your focus on growing your company, you may only see marginal results which can lead to discouragement.

Performance

If you can understand the nature of this principle, you will be able soar above your competition. Think about the example of a horse race, where the horse that finishes in first place will receive ten times the winnings of the horse that comes in second place. Does this mean that the first horse is ten times more talented, or ten times faster? No, the winning horse needs to only be incrementally better than his competitors in order to receive ten times the winnings. In business it is the same way, and if you are willing to put in the extra effort in order to make yourself even incrementally better than your competitors, you can set yourself up to reap big results. The truest test of your performance is your end results, and you only need to be marginally better than your competitors to receive massive results.

In the field of business, the people involved in the playoffs are called the entrepreneurs. They are also referred to as businessmen. They own and run their own businesses. In the strictest sense, the definition of what a real entrepreneur is varies.

The only certain thing is that, entrepreneurs are very much involved in today’s American business arena. Tracing history back, it is said that the term entrepreneur has been conceivably recognized as an adamant part of the economic world only in the mid 1970s. The concept has then started to evolve with various meanings depending on the understanding of the society that gives meaning to it.

In an online dictionary as defined by the Webster’s Revised Unabridged Dictionary, in the year 1913, entrepreneur has been defined as the person who makes some products for his own benefit or account. This gives about the idea that the term has successfully evolved way back in the year 1913. Now such definition may quite be blurry.

How can a person be called an entrepreneur when he does nothing with that product aside form creating it? What term will be labeled to a person who takes other people’s products and make a success out of them? Will they be not branded as entrepreneurs too? According to Merriam-Webster dictionary, an entrepreneur is someone who organizes, who manages, and who assumes the risks posed by the business or enterprise world. Now this definition of an entrepreneur is richer in content compared with the first one. Risks-these are literally faced by entrepreneurs as they pursue with any type of investment in the market.

In a much formal definition of Ashoka, an entrepreneur goes to refer to an organizational society that promotes nothing but social change. Social entrepreneurs are those individuals who open up some new and major possibilities in the areas of health, education, environment, and all other areas of the human needs.

To drive a stricter point, the business entrepreneurs are those who lead the innovations in the world of commerce while the social entrepreneurs are those who drive social change in the society. In more ways than one, such definition all the more points out that those business entrepreneurs not only start with any type of business but they do promote change within the business range.

Dale Tucker, a personal entrepreneur, goes to define the term as an individual who decides to take hold and control of his own future and therefore become a self-employed person either by creating his own business or by working with a team just like what multi-level marketing means. On the other hand, Mark Hendricks suggests that for one person to be called an entrepreneur, he needs to be particularly daring. He must be able to meet the challenge of either winning or losing in the business. He therefore must be open to the possibilities of the results of the competition.

So how can an entrepreneur be tailored to be one? What business skills are required in order to become an entrepreneur? There are pointers that must be looked into before someone may divulge into any business venture. The following are some of the qualifications to look into:

Planning and organization. These include the setting up and the attainment of specific goals, qualification to enter into a commitment, and then being able to keep up with work schedules.

The capacity to handle money. Budget must be carefully determined, loans must be secured, funds must be raised, and all of the finances must be recorded. For all these things, an entrepreneur must be an expert.

The selling of products and ideas. An entrepreneur should be acquainted with the proper way of selling. In the world of business, the products whether they take the form of materials or ideas need to sell out in order to gain profit.

Management. Anyone who does not have the management skills is not fit to be an entrepreneur.

The ability to work with people. A good rapport is always needed in an entrepreneur. If he is unable to influence people then he will not likely succeed.

The ability to be a risk-taker. In the world of business, wins are not always secured. There are only two possibilities: winning and losing. Whichever phase confronts him, a good entrepreneur knows how to handle it.

WordPress is an open source CMS (Content Management System) that is mostly used as a blog publishing application and is powered by PHP and MySQL. WordPress has different exciting features including a plug-in architecture with a templating system. WordPress was successfully created by a company called Automattic and it is mainly famous due to its active community. Millions of users are there who are constantly contributing with plug-ins, free templates and are supporting the development of this open source project.

In simple words, WordPress Themes can be defined as a web site or a Blog layout template exclusively designed to run on WordPress. Hundreds of free WordPress themes are available in the internet and can be used by anyone absolutely free of cost. There are also paid themes called as Premium themes and requires a licensing fee. The licensing fee for the premium themes ranges from $20 to $100. With This article, you will be able to know more about WordPress and Entrepreneur WordPress Themes.

Web designing industry is growing at a very rapid rate. Internet offers you numerous easy chances to earn lots and lots of money by customizing websites. In this industry, WordPress is the most popular CMS for all the Bloggers as well as web masters. If you are acquainted with HTML, PHP and JavaScript, then WP is the most powerful open source platform that is highly customizable. WordPress has numbers of categories of themes and in each category; you can find hundreds of themes. All these themes are used by people for their requirements.

Entrepreneur WordPress Themes are a set of WordPress themes that can be used by the entrepreneurs to share their ideas about business and entrepreneurship. The successful entrepreneurs can also share the way they established their business and took financial risks to develop the business. All the Entrepreneur WordPress themes come with different features and look that can make the homepage look alive. The entrepreneurs can easily captivate their readers by using these versatile themes. These themes are completely SEO optimized, windows friendly and comes with a customizable footer text. It also has the comment section where the readers can easily write about their thoughts.