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Internet Users Hbk - Appendix A Your Personal Assessment - Entrepreneurship



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I Read Your Ebook, and it Gave Me A Headache! - By Dr Don Yates Sr PhD

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Appendix A. Your Personal Assessment
In-Born Traits of an Entrepreneur
  • Entrepreneurs have a Desire to Achieve: The push to conquer problems, and give birth to a successful venture.
  • Hard Work: Are mostly workaholics.
  • A Nurturing Quality: Willing to take charge of, and watch over a venture until it can stand-alone.
  • Acceptance of Responsibility: Are morally, legally, and mentally accountable for their ventures.
  • Reward Orientation: Desire to achieve, work hard and take responsibility, but also want to be rewarded handsomely for their efforts; rewards can be in forms other than money, such as recognition and respect.
  • Optimism: Live by the philosophy that this is the best of times, and that anything is possible.
  • Orientation to Excellence: Often desire to achieve something outstanding of which they can be proud
  • Organization: Are good at bringing together the components (including people) of a venture.
  • Profit Orientation: Want to make a profit; but the profit serves primarily as a meter to gauge their success and achievement. John G Burch Business Horizons, 1986
A Successful Entrepreneur Is One That
  • Is motivated and who is able to motivate those around him / her
  • Is able to manage time effectively
  • Has the ability to leverage off strengths and overcome weaknesses
  • Manages resources well
  • Considers health as well as wealth
  • Is flexible and able to adapt well to change
  • Is willing to learn from others, Reads, Reads and Reads
Challenges of an Entrepreneur
  • Uncertainty of Income
  • Cash Flow Management
  • Risk Of Losing Your Entire Investment
  • Long Hours And Hard Work
  • Lower Quality Of Life Until The Business Gets Established
  • High Levels Of Stress, In-laws (Now Or Future)
  • Complete Responsibility
  • Are You Easily Discouraged?
  • Do you feel personally stressed and feel threatened under pressure
  • Constantly stake personal reputation and tend to give guarantees.
  • Be hard yet more flexible and more streetwise than a corporate executive.
  • Be good at multitasking – able to do everything.
  • Intermittent, unpredictable income
  • Self-Discipline, Patience, Listening, reading
  • Personal technological competence, internet
  • The buck stops with you!
  • Think of new ideas and deliver them to the market and make a profit.
  • Provide leadership to his team against established competition with minimal resources.
  • Raise finance without a track record, collateral or internal experts.
  • Pay staff first; you get paid when it is prudent to do so.
  • Be prepared to lose everything if things go wrong


Entrepreneurship Opportunities
  • Create Your Own Destiny
  • Fulfill Your VISION, Ambition And Passion
  • Make A Difference
  • Reach Your Full Potential
  • Reap Unlimited Profits
  • Contribute To Society And To Be Recognized For Your Efforts
  • Do What You Enjoy Doing And To Have Fun At It
Are You Entrepreneurial?
  • Independence Seeking
  • Wealth Seeking
  • Opportunity Seeking
  • Innovative
  • Venture Seeking
  • Risk Accepting
  • Intuitive
Are You Non-Entrepreneurial?
  • Laborers
  • Bureaucrats
  • Lenders
  • Professionals
  • Managers - Access Yourself
  • Assess Your Own Capabilities, Resources And Characteristics.
  • This Helps You Concentrate on Your Strengths As well As Identify the Additional Tools, Resources and Skills You'll Need - From Financing to Market Planning to Bookkeeping.
  • What Do You Want?
  • Do You Have The Right Skills, Temperament and Work Style?
  • Have You Thought About what is involved?
  • Are You Comfortable With Having All The Decisions Rest With You - From Employees, To Suppliers, Production, Sales, And Management?
Investigate – Why Are You Here?
  • If you had a choice, what would you rather be doing?
  • What concerns do you have?
  • What is attractive to you?
  • What is your idea or marketplace opportunity?
  • What characteristics of an entrepreneur are important to you?
  • What skills and experiences do you have that will help you become successful?
  • What entrepreneurial skills and experiences do you lack at this point in time?
  • How many months can you live without income?
  • Motivations
  • I want to be my own boss
  • I have identified a new business idea or opportunity
  • I feel I can achieve more in my life through entrepreneurship
  • I believe my job opportunities are limited due to my age, skills and experience
  • I want a career that will align better with my personal values
How Much Do You Know About Leadership?
Do You Have A Passion for Business?
Personal Believe and Confidence
  • Have trust or faith in a person or thing.
  • Possess a feeling of assurance, especially of self-assurance.
  • The state or quality of being certain: I have every confidence in my idea and my ability to succeed.
  • Do you have a feeling of emotional security resulting from faith in one-self?
  • Confidence is a firm belief in one's powers, abilities, or capacities
  • “You gain strength, courage and confidence by every experience in which you really stop to look fear in the face” (Eleanor Roosevelt).
  • Self-confidence, trust in one's own self-sufficiency
  • Commitment
  • A pledge to do, an obligation
  • Something pledged, especially an engagement by contract involving financial obligation
  • The state of being bound emotionally or intellectually to a course of action or to another person or persons
  • “What one has, one ought to use: and whatever he does he should do with all his might” - Marcus T. Cicero

    “A person with half volition goes backwards and forwards, but makes no progress on even the smoothest of roads” - Thomas Carlyle
What is Your Attitude?
  • Your attitude is a frame of mind with which you approach a subject, a problem, a person or any circumstance.
  • Either it is positive, negative or indifferent.
  • The most important aspect of attitude is that you and you alone are in full control of it
  • The choice is totally yours, your choose
  • Hence, if you choose to look at things in the positive light, then you will find that many doors will be opened to you because positive outlook presents you with a “can-do” attitude.
Do You Have a Fear of Failure?
  • If you are paralyzed by the fear of failure, you will remain inactive.
  • No one wants to fail but when it happens, there is nothing to fear.
  • Courage is not the absence of fear; it is moving forward through fear.
  • Walt Disney and Henry Ford were both bankrupts.
    • Walt Disney formed his first animation company in Kansas City in 1921. Flushed with success, he began to experiment with new storytelling techniques, his costs went up and then the distributor went bankrupt. He was forced to dissolve his company, at one point could not pay his rent, and was surviving by eating dog food.PopCrunch
    • Henry Ford. Unfortunately, he focused too much on the engineering and not enough on marketing, resulting in poor sales and bankruptcy. He was forced to leave the business in 1902 after investors threatened to withdraw their capital. FreeInfoSociety
  • It is the Kiasu syndrome, a self-defeating emotion that creates fear that gets in your way – FEAR of losing
    • One who is afraid to lose out to someone else, often to the point of selfishness; an over-cautious person; afraid of losing out to someone else, and therefore often behaving selfishly and disregarding others; dog in a manger
Use Your Fear as a Motivator
Overcoming Your Fears
Are You A Procrastinator?
Procrastination is to put off doing something, especially out of habitual carelessness or laziness, or to postpone or delay needlessly. Some people just never get started. If you want to change your life, then you must take action.

TIP: You got the idea! The Scammers love to use these same phrases: Take action now, Do it today, Last chance! Only 5 copies are left. You are right; even some legitimate marketers may use some of these techniques

Are You PREPARED For The Challenge/TO accept The Risk?
Are You Considering a New Business?
  • If you are, have you evaluated, researched and really understand your idea or opportunity?
  • Have you evaluated your personal needs?
  • Does your idea or product, service fulfill a need?
  • Do you have start-up capital and reserves?
  • Can you face and make decisions?
  • Are you ready to stick with it?
  • Do you have adequate skills, resources, credit?
  • Where do you get assistance, information?
What Do You Know About The Following Topics?
Marketing

Types and various methods of online marketing, Email, traffic sites, lead providers

Pricing

Selling eBooks, or reselling books and products?

Regulations (Laws)

Spam

Licensing

Record keeping

Track your sites, id’s and passwords

Financing

Capital/ other expenditures

Desk, Computer, printer, supplies

Technology

Keep your computer running

Cash flow Management

Some sites charge a monthly fee

Competition

Big boy affiliate marketing

Taxes

Employees

Benefits/perks

Suppliers

Affiliate products, shipping, payment, legitimate health

Community

Online communities and groups

Social/Ethical issues

Spam, Watch social networking scams

TIP: If you have taken the time to go through the preceding and have been fair and honest with yourself; then take the time to make a plan of action for your personal development. Take little steps, but DO take the first one.

Are you a gambler?


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Free PDF Download
I Read Your Ebook, and it Gave Me A Headache! - By Dr Don Yates Sr PhD

Name: Email:

About the Author: Dr Don Yates Sr PhD

RSS for Dr Don's articles - Visit Dr Don's website
Author Internet Users Handbook, 2012, 2nd Edition (Full Version) - A Comprehensive Guide to Avoiding Scams Online While Doing Business. 

The handbook is also available Internet Users Handbook, 2012, 2nd (Free Articles and Downloads)

Founder: The Internet Scams Anonymous (ISA) Groups

Forex, Investment Adviser, Business Entrepreneur, Mentor, Coach, Adviser

MBA, PhD Organizational Development and Human Behavior, Dissertation"Top Performers"

Former US Navy (enlisted and officer) 17 years, 2 sons in Desert Storm

Founding President/CEO/Broker La Jolla Newport Financial, Procomp Computer Services, Inc and Investment Quality Real Estate ((IQ), La Jolla California and Incline Village (Lake Tahoe), Nevada 1/1/1981. Bootstrapped $137 into $15 million plus. International Financial Adviser/Consultant for business, commercial and real estate development

Top Civilian for Aircraft Maintenance on the Staff of Commander US Pacific Fleet. Business Entrepreneur, Founder, Chairman, Director, CEO, President of a dozen successful ventures since age 8

Business Adviser, Mentor and Coach for start-up and existing growth companies. 


Click here to visit Dr Don's website.
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