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Having "entrepreneurial Mind"

Author: Anthony Kayode Adebanjo Author Ranking Blue | Posted: 29-05-2008 | Comments: 0 | Views: 11 | Rating:  (50) Article Popularity - Green (?) Got a Question? Ask.
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Having "ENTREPRENEURIAL MIND"

I take that by "good businessman" you mean a person who conducts their very own successful business or who is CEO of a successful company owned by others.

Nobody, in any way of life, can really succeed without these  qualities just mentioned by Johnr - say, successful public servants or successful employees or successful business owners / managers, All alike, need those same qualities.

The particular unique quality that leaps out in successful business people is their instinctive "entrepreneurial" minds. Let me try to explain this in my own way.

Tell a public servant that a bridge is about to be built across the river. The instinctive reaction is negative thoughts about public cost and logistical impacts.

Tell a successful employee the same and the reaction is something like "Great, it cuts 10 minutes off my travel time".

But, an entrepreneurial mind automatically thinks in the flash of a second, and before any other thought, just for one example "Wow, that means land prices will rise on the other side of the river".

You see, successful business people usually have an "entrepreneurial" mind which immediately identifies "opportunity" in any situation you care to mention. It's a quality which can hardly be learned in management schools or from text books. It's just a personal and very automatic way of thinking which I suspect is developed in childhood.

Figuratively speaking, successful business people got to be successful by exercising their entrepreneurial minds in spending hard time and cash working out exactly where the next bridges will be built across what rivers in this world. That entrepreneurial quality often results in successful people working "on" their business, not "in" their business.

So, in answer to your question "What makes a good and not so good businessman" and speaking broadly, I think you just look for people who work "on" their business rather than "in" their business. They are the ones with the best entrepreneurial minds most likely to really succeed..
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Anthony Kayode AdebanjoAbout the Author:

A young man of 28 years old. A career counsellor and a business Admin manger.

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