# Writeinfull: Understanding Entrepreneurship And Qualities Of A Good Entrepreneur 28/06/2022 by @princesshope, (All4one).

in SteemAlive2 years ago (edited)

Introduction

Hello guys how is it going with you?, Hope all is good it's a new week full of so many activities and today I will be participating in one of the contest where I will be taking about entrepreneurship and who an entrepreneur is so guys please stay tuned and check it out in full details.

What Is Entrepreneurship

Entrepreneurship is the activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services by ways of organising market and processing raw materials. It also refers to creating a new business enterprise and bearing any of it's risks with the aim of making profit.

Examples Of Entrepreneurs In your City

There are so many entrepreneurs here in ozoro but am not the outing type so I don't know most of there names but I will be listing few of them right now. The first person I will be talking about is call Jeremiah odere popularly known as starshine and he owns and run a boutique shop selling male clothes.

Starshine and his shop

The next person on my list is called Akpede and he owns a felling station and it's located along Kwala expressway ozoro.

Next person is called Okpako Richard who deals in furniture and selling croton materials and his business name is called Nowaredays.

Who Is An Entrepreneur

An Entrepreneur is a person who co-ordinates, control and organisers the process of production like land, labour and capital in order to produce goods and services. An entrepreneur bears the risks and take major decisions of the business and the reward is profit.

Qualities Of A Good Entrepreneur

There are some many qualities that a good entrepreneur should posses but I will be listing down seven(7) of those qualities.

  1. Risk taking
  2. Determination
  3. Knowledge-seeking
  4. Creative thinking
  5. Confidence
  6. Independence
  7. Promotion
  • Risk taking÷ Any entrepreneur that wants to start a business must be ready to bear risk because it's one of the fundamental principles of business because there is no business that does not involve risk so a good entrepreneur must be willing and ready to bear risk.

  • Determination÷ For any business to succeed and grow in life one must be determined because without determination your business can never grow so a good entrepreneur must possess the spirit of determination and work for his or her business to grow.

  • Knowledge-seeking÷ Every Entrepreneur that wants his or her business to grow must be willing and ready to seek for more knowledge by getting new ideas of how to run a successful business because it is said that knowledge is key.

  • Creative thinking÷ A good entrepreneur must be creative and able to bring in new ideas and ways of making his/her business grow because in this 21 century that we are the mode of packing a product is the determinate of sales because most people are easily attracted to packing so a good entrepreneur must be creative.

  • Confidence÷ Confidence is one of the key to a successful business because if you are not blod enough there is no way you will be able to communicate your business to people because most of the time it's confidence that attract people to you both locally and globally.

*Independence÷ A good quality of an entrepreneur is to be independent and dependent of it self because no successful entrepreneur will be depending on his/her parents before they can fend for there self.

  • Promotion÷ one of the most important aspect of being an entrepreneur is the ability to promote your business because without that there is no way any business can be successful and the public will not be aware of your product so every entrepreneur that wants a successful business must be promotive.

What Are Some Mistake New Entrepreneur Do?

  1. Spending above there daily income
  2. Poor customers service
  3. Impatient
  4. Underpricing
  5. Lack of maintenance
  6. Not forming the right business entity
  7. Unpunctuality
  8. Lack of marketing survey
  9. Lack of mobility
  10. Lack of cost control

Conclusion

To be honest being an entrepreneur is really a big step anyone could take and coming out successful is the greatest archivment every so guys thank you very much for going through to my post and I hope it was worth going through.

Cc.
@steemalive
@focusnow
@ijelady

Sort:  
 2 years ago 

I am an entrepreneur, i have made all this mistake at the early stage but today can do more, i love the way you took time to explain what enterprenur is who is enterprenur.
Checking the rules

CriteriaRating
Club5050
Plagiarism-free✔️
SteemExclusive✔️
Bot-free✔️

Checking Post Quality

CriteriaRating
Compliance with Topic2/2.5
Use of Markdown1/2.5
Spelling and Grammar2/2.5
Content Depth1.5/2.5
Total6.5/10

You need include #all4one & #fintech to your tag

Thank you ma for the correction.

2.jpg
We have supported this post. Keep on making great content in our community. Always check @steemalive for community updates. Thank you being an active member.

Thank you @steemalive for always encouraging me by supporting my post am really grateful.

 2 years ago 

wow this is so amazing and nice and I learnt a lot from their mistake and also how to be a good enterprenuer keep it up friend

Thank you.

Thanks for sharing. Have learnt something new.

Coin Marketplace

STEEM 0.22
TRX 0.12
JST 0.029
BTC 66132.22
ETH 3552.85
USDT 1.00
SBD 3.09