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Traits of The Successful Entrepreneur

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Traits of The Successful Entrepreneur

Posted on 02 March 2013 by PakBee - Total hits: 1,569

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Want to know why certain people succeed and others don’t. Well successful people have certain traits? Do you have them?

Business has changed a great deal over the years. We now have computers, the internet and because of the internet – web pages, email and everything else that comes with it. Our telephone system has changed dramatically with the advent of cell phones and voice mail. However, even with all the technological advancements the traits that make a person successful in business can be traced way back when to our grandfather’s day. So before you decide you want to go into business for yourself, check and see if these traits are part of your make up.

Are you a person who sets goals? Most successful people have always set goals. They started at a very early age. They might have set the goal to be the best in a certain sport, or in a specific subject in school. Or if they wanted something, and knew that their parents couldn’t afford it, or wouldn’t spend the money for something, they earned the money themselves. They did this by setting up the lemonade stand, mowing lawns for neighbors, or delivering newspapers.

This is the same person, who as they got older, developed other goals and worked for them. Maybe they haven’t reached all of their goals, but they have always known what they wanted out of life. They have a vision for their future and they never lose sight of it. They keep revising and setting new goals for themselves. It is incomprehensible to them that everyone doesn’t do the same. They wonder how other people can live without striving for certain things.

The next trait is that the successful entrepreneur knows their strengths and weaknesses. They also face up to their fears. This means that they don’t let their egos get in the way. They know when they need to learn new skills or take other steps to make their business or themselves better. Due to the technological advances over the years, the skills and steps they need to take might be different; but the attitude has not. So do you have the attitude of a successful business person. To have this attitude you must realize that you are never done with the learning process, and you have to welcome any chance to improve your skills and knowledge.

Another trait is that they are always looking for opportunities. They could be in business or just getting started. In either case they know there are opportunities out there waiting for them. They also know that they need to find the opportunity that will work for them. Even those already running a business, are still open to possibilities.

Successful people will see opportunities other people miss. They also look at things objectively and ask the following questions:

  1. Is this really as good as it sounds?
  2. Is this something I really want to be doing?
  3. Do I have the required skills or can I develop them?
  4. Will this help me to reach the financial goals I have set for myself?
  5. What impact will this have on my family?

A particularly important trait of the successful person is they will grab at an opportunity and take advantage of it, however they do not act impulsively. They take advantage of opportunities that come their way because they don’t want to be a shoulda, coulda, woulda type person. They don’t want to look back later in life and say I wish I had.
The next trait successful people have is that they like to know where they stand. They know their own business inside and out. However, they also know about their competition. They also know how well their own business measures up. And since they set goals they know exactly where they are in regards to reaching the financial goals they have set for themselves.

Successful people know how to handle budgets and finances. This is a very important trait. They are very cognizant of all phases of their finances. How much they owe, how much they have borrowed, interest rates, and anything else that can effect them. They always save for a rainy day. They are very much aware that they need to spend money to make money, and will put off expenditures for themselves (house, car, vacation) until they can afford it.

Another trait that successful people have in common is that they also don’t settle for second best. They like things done in a certain manner. They have standards that must be met for themselves and their product. If they work with an outside company and that company sends them something that is not up to their standards, they will return it. They look for the best products and the best workmanship in the price category they are working within. They would never put out a half hearted effort for a customer. If they realize they haven’t done a good job or haven’t done it right, they will do it again or set things right with the customer. This is why their customers are loyal to them and want to continue to do business with them again and again. Remember repeat business is why you are in business. If you don’t make a good impression the first time, you won’t get a second chance.

The successful entrepreneur has fun doing what they do. While they might not enjoy every aspect of their business, they enjoy the work that they do. One common theme you will find among them is that they enjoy it because its theirs, and they know they are building something for the future.

They also don’t mind putting in long hours because they know that this time is necessary in order for them to move forward. The owner wears many hats: sales calls, bookkeeping, and making sure that customers are satisfied and happy with their product and/or service. They also need to set up appointments, meet deadlines. However, they also know when playtime is over and it’s time to get down to business.
Another trait they all have in common is they get help when they need it. They will contact other professionals when warranted. They would rather be safe than sorry. They realize they are not experts in everything. They also realize at some point in their business that they can’t do it all, and that they have to delegate responsibility to either an outside source, independent contractor, or that they might have to hire an employee.

So, do you have the traits to become a successful entrepreneur?

Reference: http://www.4bn.co.uk/community/articles/traits-of-the-successful-entrepreneur

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Board of Intermediate announced Pre-Eng and Science Group Results

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Board of Intermediate announced Pre-Eng and Science Group Results

Posted on 10 September 2011 by PakBee - Total hits: 16,090

KARACHI: Board of Intermediate Education Karachi (BIEK) has released results of Intermediate Examination (Pre-Engineering and Computer Science) 2011 year.

 

BIEK Official Website: http://www.biek.edu.pk/

Geo TV Results: http://geo.tv/results

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Get Laptops at Installments from Meezan Bank

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Get Laptops at Installments from Meezan Bank

Posted on 30 April 2011 by PakBee - Total hits: 12,996

Meezan Bank has launched a new consumer financing product, which is Shariah-compliant and it will allow individuals and businesses to purchase laptops on easy installments.

By obtaining this facility, consumers can get laptops at an easy installment of 3 to 24 months in total. The bank will not charge any profit or return for customers who opt for the 3 month or 6 month installment plan.

The product has been launched in collaboration with M/s. New Horizon and is available for only HP laptops. M/s. New Horizon will provide two years warranty with parts along with nationwide after sales services at the customers’ doorsteps.

An MoU for this arrangement was signed between Meezan Bank and New Horizon at Meezan Bank’s Head Office. Mr. Mohammad Raza, Head of Consumer Banking of Meezan Bank and Mr. Rahim Eqbal, COO of New Horizon signed the MoU.

Speaking at the occasion, Mr. Raza said that Meezan Bank has an active focus on developing customer-friendly, Islamic alternatives to conventional banking products, in line with its Mission to offer a one-stop shop for innovative value-added products and services to the customers within the bounds of Shariah.

Salient features:

  • 2 years warranty with parts provided by vendor.
  • Free Caring Case will be provided by vendor.
  • Dedicated Call Center by New Horizon for addressing after sale issues and providing after sales support to the customers at their door step
  • Absolutely Free Takaful Coverage. All laptops acquired through Meezan Laptop Ease will be covered by Takaful (Islamic Insurance) before delivery to the customers
  • Minimum down payment up to 15%
  • Laptop model offerings will vary from time to time in consistence with the latest & upgraded features and market demand.
  • Minimum age to avail this offer for both individuals and businessmen should be 20 years and maximum age should not cross over 60 and 65 years, respectively.
  • Laptops are available at easy monthly installments of as low as Rs 2,750/ per month-

For more information, visit any Meezan Bank Branch or call helpline at +92-21-111-331-331

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SSC Matriculation Exams in Sindh from April 18

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SSC Matriculation Exams in Sindh from April 18

Posted on 18 April 2011 by PakBee - Total hits: 4,691


KARACHI: The annual examination-2011 of secondary school certificate Part-I and II, (Science and General Group), commonly known as matriculation exams will start all across Sindh on 18th April 2011, Geo News reported.

Board of Intermediate and Secondary Education (BISE) in different districts in Sindh will conduct exams.

Chairman BISE Karachi Prof. Anwar Ahmed Zai told media that the board had already completed all arrangements for conducting the matriculation exam.

He said the students who have failed to submit their examination forms due to any reason could appear in supplementary exam, adding such a decision has taken by Sindh Governor Dr. Ishratul Ebad Khan.

Chairman said that the candidates could not enter any examination centre without showing valid admit card.

He said more than 311000 male and female candidates will appear in the annual examination-2011 of BISE Karachi, to be held in 225 examination centres established in different private and government’s schools of the city.

He said that the SSC part-I exam would be held from 09:30 am to 12:30 pm, while SSC part-II be held from 02:30 pm to 05:30 pm as per schedule.

In case, a student changes his or her examination centre without permission of BISE Karachi, then action would be taken against the concerned centre superintendent and officers as per law, Prof. Zai said.

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Cheating on the Rise at UK Universities

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Cheating on the Rise at UK Universities

Posted on 08 March 2011 by PakBee - Total hits: 1,529

LONDON: Cheating is widespread in British universities, including the prestigious Oxford University, with over 17,000 incidents being recorded during the academic year 2009-2010, a survey has revealed.

The survey of more than 80 universities has found that academic misconduct is soaring at institutions across the UK, with thousands of students caught plagiarising, trying to bribe lecturers and buying essays from the Internet.

Greenwich University recorded the largest number of cheating incidents overall, with 916, compared with 540 in 2005-06; Sheffield Hallam had the second largest number with 801 last year, more than 500 of which were for plagiarism.

Loughborough University reported 151 incidents last year of which 43 were committed by postgraduates while East London University said that among its 733 cases of cheating last year there were 612 of plagiarism.

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