Martino Rafael T. Dagdag July
30, 2012
S10 SEntrep Prof.
Jorge Saguinsin
Factors Paper
I: Introduction:
I assessed myself if I had what It took to be an
entrepreneur by rating myself against 10 qualities of and entrepreneur according
to an article by Under30CEO.com, entitled “10 qualities of a successful
entrepreneur” It lists: discipline, confidence, open minded, self-starter,
competitive, creative, determined, has strong people skills, has strong work
ethic and passion.
II: Self-Assessment:
1. Disciplined
“These individuals are focused on making their businesses work, and eliminate any
hindrances or distractions to their goals. They have overarching strategies and
outline the tactics to accomplish them. Successful entrepreneurs are disciplined
enough to take steps every day toward the achievement of their objectives.”
Self-rating: 9/10
I do believe that I
have good discipline in everything I do, whether it be on my daily tasks as a
product specialist for Chemlux or helping out in the parish. I tend to be
organized, on time for appointments and know my limits.
2. Confidence
“The
entrepreneur does not ask questions about whether they can succeed or whether
they are worthy of success. They are confident with the knowledge that they
will make their businesses succeed. They exude that confidence in everything
they do.”
Self-rating: 9/10
I know that I can
succeed in business. Now that I am gaining knowledge in my MBA coupled with my
experiences, hobbies and passion. I am confident I can succeed in any business
I have in mind.
3. Open Minded
“Entrepreneurs
realize that every event and situation is a business opportunity. Ideas are
constantly being generated about workflows and efficiency, people skills and
potential new businesses. They have the ability to look at everything around
them and focus it toward their goals.”
Self-rating: 8/10
I read a lot business
related magazines websites and exchange ideas with other people. At work, I
have to deal with different situations and issues from our clients, I have to
be open to their concerns and ideas.
The examples mentioned above are examples of how I practice
being open minded. Although I have to admit, there are times that I want things
in a certain way on how I envision certain aspects
4. Self Starter
“Entrepreneurs know that if
something needs to be done, they should start it themselves. They set the
parameters and make sure that projects follow that path. They are proactive,
not waiting for someone to give them permission.”
Self-rating: 8/10
I do believe that the first step in any business idea always
has to start with me. Any action to be taken has to be in my own initiative.
At work or on projects I can work independently with minimal
to no supervision from others.
In my projects It is always my self-implied initiative to
oversee all aspects involved.
5. Competitive
“Many
companies are formed because an entrepreneur knows that they can do a job
better than another. They need to win at the sports they play and need to win
at the businesses that they create. An entrepreneur will highlight their own
company’s track record of success.”
Self-rating: 9/10
I realized that entering a business will always have
competitors, existing alternatives and same-business competitors and the
competitors that the business will generate from businesses that want to be a
“me-also” business. To be a successful entrepreneur I must accept this fact and
face it head on, and think of ways to stay ahead of competition.
6. Creativity
“One facet of creativity is being able to make
connections between seemingly unrelated events or situations. Entrepreneurs
often come up with solutions which are the synthesis of other items. They will
repurpose products to market them to new industries.
Self-rating: 10/10
Creative is an adjective I always use to describe myself.
Not only because of my love for drawing, painting and photography, but also my
ability to think out of the box for solutions and go the extra mile when it
comes to the finer details.
7. Determination
“Entrepreneurs are not thwarted by their defeats. They look at defeat as
an opportunity for success. They are determined to make all of their endeavors
succeed, so will try and try again until it does. Successful entrepreneurs do
not believe that something cannot be done.”
Self-rating: 9/10
Once I have started something, there is no quitting. I think
I am determined to finish anything I start, quitting for me is a sign of
failure, which for me is unacceptable.
8. Strong people
skills
“The entrepreneur has strong communication skills to
sell the product and motivate employees. Most successful entrepreneurs know how
to motivate their employees so the business grows overall. They are very good
at highlighting the benefits of any situation and coaching others to their
success.”
Self-rating: 9/10
I believe that I have strong people skills. I am very easy
to get along with at the office and I believe in the value of fairness when it
comes to dealing with people. I don’t like people feeling shortchanged with me.
9. Strong work ethic
The successful
entrepreneur will often be the first person to arrive at the office and the
last one to leave. They will come in on their days off to make sure that an
outcome meets their expectations. Their mind is constantly on their work,
whether they are in or out of the workplace.
Self-rating: 9/10
I actually do not agree with the definition stated in the
article for strong work ethics, I think that in this age, working smart is the
trend. For me what I contribute to the business is more important than the time
I spend at work.
Working on day-offs is not healthy. A work-life balance
necessary to avoid stress and over fatigue.
I still rate myself a 9/10 because I think work ethic really
refers on how much you care for the business. Whether it is my own or not, I
can say that I do care for the business I am in.
10. Passion
“Passion is the most important trait of the
successful entrepreneur. They genuinely love their work. They are willing to
put in those extra hours to make the business succeed because there is a joy
their business gives which goes beyond the money. The successful entrepreneur
will always be reading and researching ways to make the business better.”
Self-rating: 9/10
I do have a lot of hobbies such as art, photography,
football, cooking and food research which I think all enjoy doing, but what I
think my new found passion is marketing- thinking of business ideas that I can
pursue. If I can find the right fit or decide on what I really want to do mashing
up marketing and my hobbies, then it will a business bliss.
III: Conclusion.
Using the article’s 10 qualities and assessing myself, a
score of 90/100. I can say that I am
ready to take on entrepreneurship. The lacking 10 points from my score- I can
see it as an opportunity to improve myself at. I have no doubt in myself that I
do want to become an entrepreneur in the near future and I know there are
things I need to learn and challenges I will encounter but, I am ready to take
them in in because they are part of entrepreneurship. 4 <mf thanks for smart publishing, labelling>
Reference:
http://under30ceo.com/10-qualities-of-a-successful-entrepreneur/
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