The entrepreneurial spirit is often hard to define much less examine in detail because of its perception being a highly creative and dynamic entity and it is with this caveat that this article is written.
Whilst the entrepreneurial spirit can be applied to a wide range of motivational speaker it really is perhaps most closely linked to the realm of business and incorrectly employed to describe many successful business people, when in fact only a few individuals can truly demonstrate an entrepreneurial spirit.
The word is French in origin and if interpreted in its literal context means “between jobs”. It really is interesting a word which has visit project the particular pinnacle of success needs to have such mundane roots as a technique of describing being unemployed.
This post examines a number of concepts that appear intrinsic from what constitutes entrepreneurial spirit
In the highly developed global business community where new ideas and business models are increasingly simply speaking supply the importance of uniqueness cannot be under estimated and the ones exhibiting an entrepreneurial spirit are often associated with concepts that encapsulate originality and ingenuity. For example take, Steve Jobs bringing the Apple IPOD towards the market,
Creativity is heavily connected to uniqueness but the two are certainly not identical. People who have an entrepreneurial spirit are experienced at harnessing the creative process to enable them to develop a unique product /service or advantage. Where as uniqueness describes the end outcome, creativity describes the process of how one achieves it. Because of this individuals with an entrepreneurial spirit are often creative those that are ready, willing and able to actively adopt new methods to prosper even at the expense of being ridiculed by others.
In a western society that is frequently risk averse, individuals with entrepreneurial spirit embrace risk taking and it is impossible for this kind of concept to not be associated with entrepreneurs and also the often heavy risk potential involved in carrying out a new innovative approach. It ought to be observed however that risk is just not just like recklessness and the ones demonstrating an entrepreneurial spirit are likely to be good at assessing the risks linked to any undertaking.
As highlighted previously those that have Simon Arias Agencies should not be regarded as reckless mavericks indeed quite the opposite, good entrepreneurs are motivated by profit and therefore are skilled at identifying a lucrative niche in the market which can be exploited to make money. For example take, Steve Jobs at Apple Computers who may have successfully navigated a profitable course in the computing and software industry in spite of the market being dominated by Microsoft and IBM for many decades. Moreover he was the first one to spot the possibility of utilising the computing industry to look at a whole new market for the music fraternity , with the introduction of the IPOD, the marketplace leader in its business stream. Such actions requires great skill and confidence and demonstrate a precise entrepreneurial spirit.
Identifying, Purchasing and nurturing potential may also be vital to the ideals attached connected with entrepreneurial spirit because of the need to find differing methods to an enterprise problem.
Established businesses often neglect to discover breakthroughs because they stick with a rigid investment formula which includes worked on their behalf previously as opposed to finding new methods of moving forward.
The entrepreneurial spirit is obviously adaptable and able to overcome barriers presented by business problems and is also usually quicker at resolving those issues than mainstream business thinkers.
Entrepreneurial spirit is ultimately destructive to its own business within the medium term unless those engaged in utilizing the concept recognize when it is time to handover to mainstream management focussed people that can maintain and develop the organisation. It is because true entrepreneurial spirit is enthusiastic about simoarias creativity and change which happens to be unsettling to employees without good management as well as a clear direction. A lot of those demonstrating entrepreneurial spirit rarely stay lasting in almost any enterprise they undertake, take Richard Branson for example who after launching numerous businesses under the “Virgin” brand has subsequently sold on several of these to third parties in a huge profit to himself.
In conclusion whilst there are actually certainly key characteristics which encapsulate the entrepreneurial spirit it would be foolish to pretend that any one individual has all those traits and many more foolish to think that this type of concept might be comprehensively defined. Also, it is short sighted to imagine that those with entrepreneurial spirit are just evident in the motivational keynote speaker, indeed a variety of disciplines and vocations have historical and existing individuals contained within them that may be essentially described as entrepreneurs.
Well-known individuals exhibiting the entrepreneurial spirit: Richard Branson, Clive Sinclair, Freddy Laker, Steve Jobs, Bill Gates and Anita Roddic-k.
Words often accustomed to describe people who have entrepreneurial spirit : Mavericks, Tycoons, pathological liars, risk takers, self made entrepreneurs, successful, charismatic.