What makes you an entrepreneur?; this question is simple but very difficult to answer. The number one distinctive trait shared by successful entrepreneurs is a passion for their business. Period. This is the kind of passion that gets people up out of the lazy chair, gets them to leave their paying job, scrape together money from wherever they can find it and make the plunge into the great unknown of the start-up world of business. It is this passion that also keeps a successful entrepreneur continuously working, even after they have become ‘rich’. These people believe in their hearts that whatever service or product they are selling to the public, it is making a difference in the world and in people’s lives. An insurance firm gets premiums in return from customers that get an offset of risks; the company offers them the safety of mind. So in the eventuality that any accidents occur, the company is responsible for bringing the customer to his feet again.
With the growing global market and increasing technology use throughout all industries, the core of business management and the decision-making has become an ongoing process rather than isolated incidents. citation needed This becomes knowledge management , citation needed which is “identifying and harnessing intellectual assets” for organizations to “build on past experiences and create new mechanisms for exchanging and creating knowledge”. 150 This belief which? draws upon a leader’s past experiences that may prove useful. It is a common mantra for one to learn from their past mistakes, so leaders should take advantage of their failures for their benefit. citation needed This is how one may take their experiences as a leader for the use in the core of entrepreneurship decision-making.
Project entrepreneurs are exposed repeatedly to problems and tasks typical of the entrepreneurial process. 96 Indeed, project-entrepreneurs face two critical challenges that invariably characterize the creation of a new venture: locating the right opportunity to launch the project venture and assembling the most appropriate team to exploit that opportunity. Resolving the first challenge requires project-entrepreneurs to access an extensive range of information needed to seize new investment opportunities. Resolving the second challenge requires assembling a collaborative team that has to fit well with the particular challenges of the project and has to function almost immediately to reduce the risk that performance might be adversely affected. Another type of project entrepreneurship involves entrepreneurs working with business students to get analytical work done on their ideas.
First, biblical leaders practice praise and thanksgiving. Praise is taking time to acknowledge God’s attributes. God’s attributes are the characteristics that are central to His being. For instance, God is always holy, loving, good and faithful. He demonstrates these traits whether we respond positively or not. Human beings are double-minded and often do things contrary to their desired nature. But, God is always the same and cannot go against his own nature. We praise God for who he is. Thanksgiving is thanking God for what He has done or promised to do. For instance, God did not have to save human beings from their sins. Since God chose to send His Jesus to pay the penalty for our transgressions, we give thanks to Him. We also give thanksgiving to God for what he has provided for the business or Jewish and Christian Scriptures are filled with examples of leaders who praised God for His character and thanked Him for what He did for them. The best examples are found in the Psalms.