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Tuesday, September 27, 2011

Factors Paper of R100027 [revised with further explanation on relation of assessment to self]

What factors do / don't I possess that make / do not make me a Business Entrepreneur?
By R100027

From last week's debate, "Are Entrepreneurs Born, Made, or Lucky?", a trailing thought of whether entrepreneurship can or can't be learned still seems to linger. What was a consensus, though, is that all successful entrepreneurs possess the passion that enables one to pursue - or endure - further. Therefore implying that whether born, made, or lucky, there are certain factors that consistently contribute to an entrepreneur's success - factors that ultimately determine the makings of a Business Entrepreneur. At the end of the day, the question to answer really is -- "Am I cut out for Entrepreneurship"?, better yet, "Does my Atenean MBA prepare me enough to be a successful entrepreneur?".

Kevin Givens, entrepreneur-blogger, summarizes the Top 10 Characteristics and Qualities of a Successful Entrepreneur from The Millionaire Minds by Thomas Stanley:
1-2. Integrity and Strong work ethic - Soundness of one's ethics and moral character - "being honest with everyone" - was ranked by successful entrepreneurs and millionaires as one of the main factors that contributed to their success. Ethics, as Dr. Palma-Angeles explains, is a constant and reflective examination of one's beliefs through reason and will, thought and action. Further reinforced by Prof. Mansibang's Finman discourse on Ethics What's Hot, ethics does matter regardless of time and setting. Cutting-corners, despite a tolerant society, should have no place in business then.
3-4. Self-discipline and Organization- "...develop the ability to get things done, even when you don't feel like it...". Such also entails that one develops a character for overcoming fear and self-doubt, of trusting one's gut and unconventional-thinking, and of being resilient to adversities - something AGSB professors try to develop in each Atenean through requirements that are both challenging and demanding. Prof. Roa's Markma assignments of at least five individual papers, a five-chapter reading, a group report, and a group paper per session were definitely for the students' benefit.
5. People skills - "...the ability to win people over" through genuine appreciation of and respect for people, that which Leader professor Fr. Xavier, SJ pertains to as Cura Personalis, beholding and having the need to care for each person -- more so, of heeding to the Atenean call of being Men for Others.
6. Supportive partner - Having someone that "...believes in your goals, dreams, and abilities..." pushes any person to go further. In Ateneo, such comes in persons of professors, peers, and group mates. Imagine having to go through Prof. Ante's Quanti alone. No Atenean could probably get to Strama.
7-8. Strong leadership qualities and Sales ability - "Being able to communicate effectively, motivate others, sell your ideas, and be decisive..." increase a person's probability of being a successful entrepreneur. Ateneo even goes further to say that a strong leader possesses a character that is patterned on Cura Personalis ("behold each person"), with competence that is set for Magis ("excellence"), and a purpose defined by Ad Majorem Dei Gloriam ("to God be the glory").
9. Competitiveness - "Play to win..." and constantly strive for Magis. As entrepreneurs get a much bigger chance of being successful for every market-competition won, Ateneans develop higher odds of making a difference to and in the country by settling for nothing but excellence.
10. Passion - As Givens explains, "...to become a successful entrepreneur, you need to be passionate about your business". As such, to identify and pursue one's meaning and purpose ultimately defines entrepreneurial success. It's not just doing what you love or loving what do, for Ateneans, it's the doing that which would glorify God - Ad Majorem Dei Gloriam.

Obviously, Ateneo has given much thought on the dynamics of its MBA program. It has made sure that each individual to claim the Atenean name - including myself - is equipped enough to survive, even excel, as an entrepreneur and leader in and of the country. After all, entrepreneurship is key to Ateneo's vision of Nation-Building. So going back to the questions posted earlier, "Does my Atenean MBA prepare me enough to be a successful entrepreneur?", the answer is a resounding YES; "Am I cut out for Entrepreneurship"?, definitely SO.

As I went through the exercise of analyzing the Ateneo set of values vis-a-vis the factors that contribute to the success of an entrepreneur, it became all apparent and obvious that such an analysis was really a personal assessment of the things that I value and currently hold dear. The points highlighted from each professor and experience mentioned from each class are those that have most struck me - influenced, at best. My Ateneo education, combined with Christian faith, keeps me grounded and my integrity intact. It has well-honed my self-discipline and organization by pushing me to limits that are painful but only make me better. Ateneo has taken me out of my introverted shell, constantly developing me to become a strong and sensible leader, continuously motivating me to strive for excellence. Finally, Ateneo has re-ignited in me passion that can only come from Servitude, a passion that can definitely keep any entrepreneurial fire burning.

3.0 Thanks for revising

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